COVID-19: phased ending of FCA temporary relief extending deadlines for publishing fund reports and accounts -
On 9 September 2020, the UK Financial Conduct Authority (FCA) updated its COVID-19-related webpage on...more
9/15/2020
/ Coronavirus/COVID-19 ,
European Securities and Markets Authority (ESMA) ,
Filing Deadlines ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
Infectious Diseases ,
Regulatory Requirements ,
Relief Measures ,
Reporting Requirements ,
UCITS ,
UK
Open-ended funds: FCA and BoE review survey on liquidity mismatch -
On 26 August 2020, the UK Financial Conduct Authority (FCA) updated its COVID-19 webpage to announce that it has launched a joint survey with the Bank of...more
9/8/2020
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Bank of England ,
Coronavirus/COVID-19 ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Infectious Diseases ,
Investment Funds ,
MMF ,
Open-Ended Fund Companies (OFCs) ,
UK
Accessing and using wholesale data: FCA extends call for input deadline
The UK Financial Conduct Authority (FCA) has extended the deadline for responses to its call for input on the use and value of data and advanced...more
9/8/2020
/ Analytics ,
CSDR ,
Data Collection ,
EMIR ,
European Benchmark Regulation (BMR) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
FSB ,
MiFIR ,
Securities Regulation ,
UK
Title transfer collateral arrangements: FCA Dear CEO letter -
The UK Financial Conduct Authority (FCA) has published a Dear CEO letter to firms acting as brokers in wholesale financial markets, who currently, or may in the...more
8/4/2020
/ Coronavirus/COVID-19 ,
CSDR ,
Dear CEO Letter ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Libor ,
MiFID ,
MiFIR ,
RTS ,
Securities Regulation ,
UK
COVID-19: FCA guidance consultation on cancellations and refunds -
On 31 July 2020, the UK Financial Conduct Authority (FCA) published a guidance consultation on cancellation (for example, of holidays and events) and...more
8/4/2020
/ Coronavirus/COVID-19 ,
Cryptoassets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Prudential Regulation Authority (PRA) ,
UK ,
UK Brexit
BigTech: International Banking Federation report -
The House of Lords EU Services Sub-Committee has published the letter it has sent to John Glen, Economic Secretary and City Minister, on the UK-EU negotiations in...more
Brexit: ISDA updates FAQs -
HM Treasury has published a policy statement explaining the government's reasons for extending the transitional period for third-country benchmarks under the retained EU law version of the...more
Role of investment managers in post-COVID-19 recovery: FCA speech -
The UK Financial Conduct Authority (FCA) has published a speech by Christopher Woolard, FCA Interim Chief Executive, on the role of investment managers in...more
7/21/2020
/ Asset Management ,
Coronavirus/COVID-19 ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Investment Funds ,
Investment Management ,
Liquidity ,
Money Market Funds ,
Recovery Plans ,
UK
EMIR: FCA revises breach notification form -
The UK Financial Conduct Authority (FCA) has published a revised version of its form for reporting errors or omissions in their trade reports under Article 9 of the European...more
Recent regulatory developments of interest to financial institutions and markets. Includes updates on MiFIR open access regime for trading and clearing ETDs and various ESMA Q&A updated....more
7/14/2020
/ Coronavirus/COVID-19 ,
CSDR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Exchange-Traded Products ,
Financial Markets ,
MiFID ,
MiFIR ,
Securities Regulation ,
Transparency ,
UK
Recent regulatory developments of interest to financial institutions and markets. Includes updates on UK recognition applications for EEA CSDs and more....more
Recent regulatory developments of interest to the funds and asset management sector. Other key updates are included in our Financial institutions general regulatory news in the related materials margin....more
Marketing speculative illiquid securities to retail investors: FCA CP20/8 -
The UK Financial Conduct Authority (FCA) has published a consultation paper, CP20/8, "High-risk investments: Marketing speculative illiquid...more
Recent regulatory developments of interest to all financial institutions. Includes updates on COVID-19, FCA guidance on assessing adequate financial resources, and European Commission draft legislation incorporating...more
6/17/2020
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Coronavirus/COVID-19 ,
ESRB ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Green Bonds ,
Libor ,
MiFID ,
Prudential Regulation Authority (PRA) ,
Solvency II ,
UCITS ,
UK ,
UK Brexit
The current situation is fast-moving in light of the COVID-19 pandemic. Many financial supervisory and regulatory authorities as well as local governments have issued measures which are relevant for financial institutions and...more
6/10/2020
/ BaFin ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements ,
Coronavirus/COVID-19 ,
European Banking Authority (EBA) ,
European Central Bank ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Investment Funds ,
IOSCO ,
Jurisdiction ,
Liquidity ,
Short Selling ,
Small and Medium-Sized Enterprises (SMEs) ,
Supervisory Guidance ,
Transparency
Recent regulatory developments of interest to financial institutions and markets. Includes the extension of the senior managers regime to benchmark administrators, updates relating to MiFID II, EMIR, ESMA's draft guidelines...more
6/9/2020
/ Bank of England ,
Cloud Service Providers (CSPs) ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Inter-Bank Offered Rates (IBORs) ,
MiFID II ,
RTS ,
UK
Our latest Funds and asset management regulatory news reports on ESMAs recent updates under the MMF Regulation. For regulatory developments of broad application, see also our Financial institutions general regulatory news in...more
BMR: European Commission consults on equivalence for Japanese benchmarks -
The European Commission is consulting on a draft Implementing Decision on the equivalence of the legal and supervisory framework applicable to...more
ESMA publishes guidance on performance fees in UCITS and certain AIFs Following consultation, the European Securities and Markets Authority -
(ESMA) has published its final report on performance fees in investment funds,...more
COVID-19: FCA updates statement on short selling bans and reporting -
On 31 March 2020, the UK Financial Conduct Authority (FCA) updated its webpage on short selling bans and reporting to confirm that the required changes...more
A draft version of the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment etc and Transitional Provision) (EU Exit) Regulations 2020 has been published, together with an explanatory...more
4/2/2020
/ Coronavirus/COVID-19 ,
Derivatives ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
IFRS ,
Investment ,
MiFIR ,
SFTR ,
Trade Repositories ,
UK
AIFMD: ESMA consults on guidance to address leverage risk -
The European Securities and Markets Authority (ESMA) has published a consultation paper on guidelines under Article 25 of the Alternative Investment Fund Managers...more
The European Securities and Markets Authority (ESMA) has published a public statement to clarify issues regarding the application to firms of the MiFID II requirements on the recording of telephone conversations. ESMA...more
Recent regulatory developments of interest to financial institutions.
CRR: PRA PS5/20 on pre-issuance notification requirements -
Following its earlier consultation paper, CP20/19, the Prudential Regulation Authority...more
3/17/2020
/ Bank Fraud ,
Bank Recovery and Resolution Directive (BRRD) ,
Basel III ,
Coronavirus/COVID-19 ,
CRD IV Directive ,
CSDR ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Risk Management ,
Securities Financing Transactions (SFTs)
The Financial Conduct Authority (FCA) has published a call for input (CFI) on the use and value of data and advanced analytics in wholesale financial markets, now and in the future. ...more
3/17/2020
/ China ,
Coronavirus/COVID-19 ,
EU Benchmark Regulation ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Infectious Diseases ,
Market Participants ,
MiFIR ,
RTS ,
Securities Regulation ,
SFTR ,
Transparency ,
UK