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Member State European Union Financial Services Industry

A&O Shearman

Solvency II: Assessing the implications of the EU’s Amending Directive for the insurance sector

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In January 2025, an amending directive (Directive (EU) 2025/2, “Amending Directive”) was passed that will result in some important changes to the Solvency II Directive (Directive (EU) 2009/13/EU) taking effect across EU...more

A&O Shearman

European Commission calls on Member States to fully transpose EU DORA Directive

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The European Commission (EC) has announced that it has opened infringement procedures by sending a letter of formal notice to 13 Member States (Belgium, Bulgaria, Denmark, Greece, Spain, France, Latvia, Lithuania, Malta,...more

Mayer Brown

Europe Daily News, 20 December 2024

Mayer Brown on

COMPETITION - Prior notification of a concentration (Case M.11772 - Nippon Express / SH)- Prior notification of a concentration (Case M.11783 - Luxshare / Pierer / Leoni)...more

Goodwin

EU Commission Regulations on Digital Operational Resilience: A Reminder That DORA is Less Than Three Months Away and Will Apply to...

Goodwin on

The European Commission’s adoption on 23 October 2024 of the two regulations (Regulations) supplementing the [the Regulation on digital operational resilience for the financial sector Publications Office (europa.eu)] (DORA)...more

Goodwin

EU AI Act: Key Points for Financial Services Businesses

Goodwin on

The European Union (EU) Artificial Intelligence Act (AI Act), Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending...more

K&L Gates LLP

Brussels Regulatory Brief: June 2024

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Antitrust and Competition - The European Commission to Take Action to Address Territorial Supply Constraints - On 24 May 2024, the EU Commissioner for Competition, Margrethe Vestager, announced that the European Commission...more

K&L Gates LLP

Brussels Regulatory Brief: May 2024

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Antitrust and Competition - The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector - On 12 April 2024, the European Commission (Commission) approved the plan to unwind a...more

Mayer Brown

CRD6: Implications for US Fund Finance Lenders

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The European Union’s new Capital Requirements Directive 6 (CRD6) introduces significant regulatory changes for non-EU banks operating within EU Member States. This update explores the impact of CRD6 on US lenders providing...more

K&L Gates LLP

Commission Adopts European Defence Industrial Strategy Proposing Additional Funding for Defence Responsiveness

K&L Gates LLP on

Introduction - On 5 March, the European Commission (Commission) adopted the European Defence Industrial Strategy (EDIS) and proposed a regulation establishing the European Defence Industry Programme (EDIP)....more

Mayer Brown

EU Cyber Legislation Puts Emphasis on Board Responsibility

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What is a Management Body? Under both DORA and NIS2, a management body can be a body with managerial and/or supervisory functions. The powers and structure of management bodies vary within the EU Member State, and managerial...more

A&O Shearman

MiCAR under the microscope - Part 4: The CASP licensing regime

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To avoid potential risks to investor protection, as well as to financial stability within the European single market, the Regulation on Markets in Crypto-assets (MiCAR) is about to introduce a harmonised and dedicated set of...more

K&L Gates LLP

Brussels Regulatory Brief: Winter 2023-2024

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Antitrust and Competition - The European Court of Justice Held Rules Set by Sports Governing Bodies Must Comply With EU Competition Law - On 21 December 2023, the European Court of Justice (ECJ) held in a preliminary ruling...more

Alston & Bird

European Enforcement Guide

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In the current economic climate, it is important that lenders understand how they can enforce security and debt claims, to help in assessing options in the event of default by their customers, and when structuring new...more

A&O Shearman

Paving the way for the future of payments – Instant payments at a glance

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As the final compromise text of the so-called Instant Payments regulation has just been published, our regulatory payment experts have summarised the key obligations that will apply to payment service providers in this...more

K&L Gates LLP

Brussels Regulatory Brief: November 2023

K&L Gates LLP on

Antitrust and Competition - European Commission Approves Consolidation in the Ground Transportation Sector Subject to Remedies - The companies are two global suppliers of signalling systems for mainline and urban railway...more

A&O Shearman

French law revisits the MiFID RTO Service definition

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A new decree no. 2023-813 of 22 August 2023 (the Decree) just amended the French definition of the MiFID service of reception and transmission of orders (the RTO Service) since 1st September 2023....more

White & Case LLP

Implementation of the Credit Servicers Directive in Germany: A game-changer in the NPL-market

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The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member States by 29 December 2023. In Germany, the draft bill of the Credit...more

A&O Shearman

Proposed EU Regulation on Markets in Crypto-Assets Approved by European Parliament

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On April 20, 2023, the agreed text of the proposed European Markets in Crypto-Assets Regulation was given final approval by the European Parliament. The Regulation is intended to improve legal certainty in the regulatory...more

K&L Gates LLP

Brussels Regulatory Brief: April 2023

K&L Gates LLP on

ANTITRUST AND COMPETITION - The European Commission Releases the Article 102 TFEU Package to Ensure Greater Legal Certainty on Exclusionary Abuses of Dominance - Article 102 of the Treaty on the Functioning of the European...more

McDermott Will & Schulte

Überarbeitung der AIFM- und UCITS-Richtlinie: Aktueller Stand und Ausblick

EU-Kommission, Parlament und Rat treten in die entscheidende Phase ihrer Beratungen über eine Neufassung der AIFM- und der UCITS-Richtlinie ein. Änderungen sind insbesondere bei den Themen Auslagerung, Darlehensfonds und...more

A&O Shearman

Queen’s Speech Confirms Government Will Proceed with Brexit Freedoms Bill

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Prince Charles, Prince of Wales, delivered the Queen’s speech in which he announced that the government will be introducing the so-called Brexit Freedoms Bill, which was first announced by Prime Minister Boris Johnson on...more

Latham & Watkins LLP

French and Dutch Regulators Propose Tighter Supervision of Cross-Border Retail Activities

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The regulators suggest improvements to the supervision of firms passporting retail products and services in the EU. The French and Dutch financial services regulators (the AFM and the AMF) have published a joint position...more

Hogan Lovells

Brexit: OLG München verneint Rechts- und Parteifähigkeit einer in Deutschland verwalteten UK Limited

Hogan Lovells on

"Brexit means Brexit" – so urteilte das OLG München Anfang August dieses Jahres. Das Gericht hatte über die Parteifähigkeit einer Gesellschaft zu entscheiden, die zwar als UK Limited gegründet wurde aber tatsächlich in...more

White & Case LLP

Brexit: Fresh Perspectives - Update

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The UK has left the EU but there remains a vast array of operational and legal issues for businesses to address. See below for our perspectives on the key challenges and opportunities that Brexit presents for different...more

White & Case LLP

Brexit: Fresh Perspectives

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The UK has left the EU but there remains a vast array of operational and legal issues for businesses to address. See below for our perspectives on the key challenges and opportunities that Brexit presents for different...more

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