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Energy, Mining and Agriculture Regulatory Update: UK Consults on Licencing Exemptions for Commodity Derivatives

The significance of this topic for many clients arises because the UK is home to some of the largest and most significant commodity derivative markets in the world. They serve the risk management needs of a diverse group of...more

FAQs - Final Rules for the Revised UK Commodity Derivatives Position Limits Framework

As of 6 July 2026 (some rules took effect from March 2025), all final rules of the new FCA commodity derivatives position limits framework will come into effect. In addition, responsibility from the regime will transfer from...more

Convertible Bonds: An Issuer’s Guide (2025)

Introduction - Convertible bonds are, customarily, fixed rate debt instruments issued by a company (the “issuer”), the terms of which allow the holders of the bonds to convert them into ordinary shares (common stock) of...more

ECB Fast-Track for Significant Risk Transfer (SRT) Securitisations

Following the start of development work on an accelerated procedure for the regulatory recognition of significant risk transfer ("SRT") securitisations last year, the European Central Bank ("ECB") published guidance addressed...more

2024 Trends in SRT Transactions

Significant risk transfer transactions or SRTs are one of the fastest growing corners of the financial markets. In this update, the opening of the US market, increasing international regulatory scrutiny and updates to the UK...more

Comprehensive Review of the functioning of Credit Derivatives Determinations Committees

WHAT ARE DETERMINATIONS COMMITTEES AND WHY ARE THEY IMPORTANT? Credit derivative Determination Committees (DCs) are specialised regional panels which have been established to make binding decisions on issues related to...more

Amendments to the EU Securitisation Regulation – the new synthetic STS framework and adjustments in relation to non-performing...

Overview - Two regulations amending the EU Securitisation Regulation1 and the Capital Requirements Regulation2 (the “CRR”) respectively have now come into force. Regulation (EU) 2021/557 of the European Parliament and...more

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