Draft Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 HM Treasury has published a draft version of the Markets in Financial Instruments, Benchmarks and Financial...more
8/2/2021
/ AML/CFT ,
BEIS ,
EU ,
European Commission ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Instruments ,
Financial Markets ,
Financial Services Industry ,
HM Treasury ,
MiFIR ,
Prudential Regulation Authority (PRA)
SMCR for FMIs: HM Treasury consultation HM Treasury has published a consultation paper proposing a Senior Managers and Certification Regime (SMCR or SM&CR) for financial market infrastructures (FMIs). The consultation closes...more
8/2/2021
/ Bank of England ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
IOSCO ,
Listing Rules ,
MiFID ,
UK
HM Treasury has launched a consultation on creating a Senior Managers and Certification Regime (SMCR) for financial market infrastructures (FMIs) supervised by the Bank of England (BoE). ...more
MLRs 2017: Money Laundering and Terrorist Financing (Amendment) (No 2) (High-Risk Countries) Regulations 2021 The Money Laundering and Terrorist Financing (Amendment) (No 2) (High-Risk Countries) Regulations 2021 (SI...more
Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 The Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 (SI 2021/774) have been published, together with an...more
7/6/2021
/ Bank of England ,
Consultation Papers ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services and Markets Act ,
Financial Services Industry ,
Insolvency ,
IOSCO ,
Prospectus Regulation (PR3) ,
Prudential Regulation Authority (PRA) ,
UK
UK Securitisation Regulation: HM Treasury review HM Treasury has published a call for evidence to inform its review of the retained EU law version of the EU Securitisation Regulation (UK Securitisation Regulation or "Sec...more
7/6/2021
/ Banking Sector ,
Capital Requirements Regulation (CRR) ,
Coronavirus/COVID-19 ,
Dear CEO Letter ,
European Banking Authority (EBA) ,
European Central Bank ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
HM Treasury
DvP clients: FCA and PRA Dear CRO letter on counterparty credit exposure management and controls -
The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have published a letter to chief risk...more
6/8/2021
/ Clearing Agencies ,
Counterparty Risk ,
CSDR ,
Dear CEO Letter ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Investor Protection ,
MiFID ,
MiFIR ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Securities Regulation ,
Securitization ,
SFTR ,
UK
Draft Financial Markets and Insolvency (Transitional Provision) (EU Exit) (Amendment) Regulations 2021 A draft version of the Financial Markets and Insolvency (Transitional Provision) (EU Exit) (Amendment) Regulations 2021...more
5/18/2021
/ Capital Requirements Regulation (CRR) ,
CCPs ,
European Securities and Markets Authority (ESMA) ,
FICC Market Standards Board (FMSB) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Greenhouse Gas Emissions ,
IOSCO ,
MiFID ,
MiFIR ,
Regulatory Agenda ,
RTS ,
Special Purpose Acquisition Companies (SPACs) ,
UK
LIBOR transition and fallbacks in uncleared derivatives: Sterling Working Group statement and paper -
Recent UK and EU regulatory developments of interest to financial institutions and markets. Also check our Financial...more
The Financial Conduct Authority (FCA) has published a consultation paper, CP21/9, on some initial changes to its conduct and organisational requirements implementing the EU Markets in Financial Instruments Directive (MiFID...more
UK SFTR: FCA update on reporting LEIs -
The Financial Conduct Authority (FCA) has updated its webpage on the retained EU law version of the Regulation on reporting and transparency of securities financing transactions ...more
4/19/2021
/ Capital Requirements Regulation (CRR) ,
Coronavirus/COVID-19 ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
Infectious Diseases ,
Legal Entity Identifiers ,
MiFID ,
Regulatory Agenda ,
Regulatory Reform ,
Securities Regulation ,
SFTR ,
UK
Liquidity management in UK open-ended funds: BoE and FCA report -
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have published a report on liquidity management in UK open-ended funds. The report...more
LIBOR transition: FCA and BoE encourage switch to SONIA in sterling non-linear derivatives market -
The Financial Conduct Authority (FCA) and the Bank of England (BoE) have published a joint statement announcing that they...more
4/5/2021
/ CSDR ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
FICC Market Standards Board (FMSB) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Interest Rates ,
Libor ,
MiFID ,
MiFIR ,
Regulatory Agenda ,
Securities Regulation ,
Sterling Overnight Index Average (SONIA) ,
UK
Selected regulatory updates of interest to the funds and asset management sector. This edition reports on UCITS liquidity risk management and the EU MMF Regulation. ...more
3/30/2021
/ Asset Management ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
Investment Funds ,
Liquidity Risk Management Rule ,
Money Market Funds ,
National Competent Authorities (NCA) ,
Regulatory Agenda ,
UCITS ,
UK
UK MiFIR: FCA update on use of TTP to modify DTO -
The Financial Conduct Authority (FCA) has published an update on the use of its temporary transitional power (TTP) to modify the UK's derivatives trading obligation (DTO). ...more
3/29/2021
/ CCPs ,
Commodities ,
Derivatives ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
MiFIR ,
Regulation Technical Standards (RTS) ,
Regulatory Agenda ,
Securities Regulation ,
SFTR ,
UK
Regulation of UK wholesale financial markets: FCA speech -
The Financial Conduct Authority (FCA) has published a speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy, on a forward look at regulation of...more
UK Emissions Trading Scheme: Revised draft Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 -
A revised draft version of the Recognised Auction Platforms (Amendment and Miscellaneous...more
3/15/2021
/ CSDR ,
EMIR ,
Emissions Trading System ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
MiFIR ,
Regulatory Agenda ,
Securities Regulation ,
SFTR ,
UK
UK CCPs: HM Treasury consults on expanded resolution regime -
HM Treasury is consulting on an expanded resolution regime for central counterparties (CCPs). HM Treasury intends to revise and expand the UK CCP resolution...more
3/1/2021
/ Central Counterparties ,
EU ,
EU Benchmark Regulation ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
GameStop ,
IOSCO ,
Libor ,
Market Manipulation ,
MiFIR ,
Regulatory Agenda ,
Securities Regulation ,
Stock Trades ,
UK
EMIR: Delegated Regulations on clearing obligation and risk mitigation - The following Delegated Regulations made under the European Market Infrastructure Regulation (EMIR) have been published in the Official Journal of the...more
2/22/2021
/ Commodities ,
Derivatives ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
MiFID ,
MiFID II ,
Regulation Technical Standards (RTS) ,
Regulatory Agenda ,
Risk Mitigation ,
UK
Brexit: Draft Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 - A draft version of the Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 has been...more
2/15/2021
/ Coronavirus/COVID-19 ,
EMIR ,
EU ,
European Benchmark Regulation (BMR) ,
Financial Markets ,
Infectious Diseases ,
Regulatory Agenda ,
Securities Regulation ,
SFTR ,
Trade Repositories ,
UK ,
UK Brexit
EU ELTIF Regulation review: ESMA letter highlights areas for review - The European Securities and Markets Authority (ESMA) has published a letter it has sent to the European Commission highlighting the areas where it...more
EMIR: European Commission consults on draft Implementing Decisions on equivalence - The European Commission has published for consultation the following draft Implementing Decisions on equivalence made under Article 13(2) of...more
Financial Services Bill 2019-21 - Having completed its progress through the House of Commons, on 14 January 2021, the Financial Services Bill 2019-21 had its first reading in the House of Lords. A revised version of the Bill,...more
UK SSR: Short Selling (Notification Thresholds) Regulations 2021 - The Short Selling (Notification Thresholds) Regulations 2021 (SI 2021/5) have been published, together with an explanatory memorandum....more
1/18/2021
/ Coronavirus/COVID-19 ,
EMIR ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Infectious Diseases ,
MiFIR ,
Regulation Technical Standards (RTS) ,
Regulatory Agenda ,
Securities Regulation ,
Short Selling ,
UK
UK Short Selling Regulation: notification threshold -
HM Treasury has announced that it intends to lay a statutory instrument under the retained EU law version of the Short Selling Regulation (UK SSR) amending the initial...more
12/21/2020
/ Coronavirus/COVID-19 ,
Cryptocurrency ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
Infectious Diseases ,
MiFID ,
MiFIR ,
Regulatory Agenda ,
Securities Regulation ,
Short Selling ,
UK