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Derivatives HM Treasury Financial Services Industry

A&O Shearman

HMT publishes revised policy approach to ancillary activities exemption

A&O Shearman on

HM Treasury (HMT) has published a policy note and draft statutory instrument on the ancillary activities exemption, which is an exemption (originally introduced in the revised EU Markets in Financial Services Directive) from...more

Hogan Lovells

UK Pensions Legal Landscape: What’s new in January 2025?

Hogan Lovells on

In this news update, we highlight legal developments in UK pensions from January 2025. This update covers: Investment news: Pensions Investment Review: consultation closes Derivatives clearing exemption to be extended...more

Skadden, Arps, Slate, Meagher & Flom LLP

Taking Stock of Commodity Derivatives Regulation in the UK and EU

In July 2021, HM Treasury published the Wholesale Markets Review consultation (WMR), which included proposals to reform the U.K.’s secondary markets framework. There was broad support for reforms to (a) modify the ancillary...more

A&O Shearman

HM Treasury Seeks Views on Clearing Exemption for Pension Schemes

A&O Shearman on

U.K. EMIR (the onshored European Market Infrastructure Regulation) generally requires the clearing at a central counterparty of all interest rate swaps and credit default swaps. As announced earlier this year, HM Treasury has...more

A&O Shearman

UK Financial Services and Markets Bill 2022

A&O Shearman on

The recently published Financial Services and Markets Bill (FSM Bill) is intended to recast the U.K.’s regulatory architecture post-Brexit. It was introduced to Parliament on 20 July 2022. The Bill implements the outcomes of...more

A&O Shearman

HM Treasury Confirms Policy Approach on Wholesale Markets Review

A&O Shearman on

HM Treasury has published its consultation response to the Wholesale Markets Review, setting out summaries of responses received to its proposals and how changes will be progressed. There are certain areas that HM Treasury...more

Hogan Lovells

HMT confirms no more open access for exchange-traded derivatives

Hogan Lovells on

On 5 May 2020, the HM Treasury confirmed that it plans to remove the open access regime for exchange-traded derivatives (ETDs), which is currently within the UK version of the Markets in Financial Instruments Regulation (UK...more

Proskauer Rose LLP

Regulation Round Up - June 2019

Proskauer Rose LLP on

1 June - HM Treasury published a consultation paper (dated May 2019) on the regulation of pre-paid funeral plans. HM Treasury intends to bring all funeral plan providers within the remit of the FCA....more

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