The Council of the EU has published the adopted text of the MAD II legislative package which consists of:
The FCA has updated its webpage on Consultation Paper 14/6: FCA Regulated fees and levies: rates proposals 2014/15 (CP14/6). In CP14/6, the FCA covers proposed 2014/15 regulatory fees and levies for itself, the Financial Ombudsman Service and Money Advice Service.
The Council of the EU has published an information note from the General Secretariat of the Council to the Permanent Representatives Committee concerning the outcome of the European Parliament’s first reading of the proposed UCITS V Directive.
The FCA has updated its “latest news” webpage on the Alternative Investment Fund Managers Directive (AIFMD). The updated webpage contains additional information relating to authorisation applications made by firms managing alternative investment funds (AIFs) during the one-year transitional period ending on 22 July 2014.
The Council of the EU has published the revised text of the Directive recasting the Deposit Guarantee Scheme Directive (recast DGSD). The recast DGSD is now awaiting publication in the Official Journal of the EU (OJ) and will take effect twenty days following publication.
The FCA has published a research paper produced for it by a third party. The research paper discusses the consumer experience of payday loans and logbook loans, as well as the experience of fee-charging and non-fee-charging debt management services.
The FCA has published a supplementary form that firms should complete when applying for authorisation to perform consumer credit regulated activities in addition to other regulated activities. The form, known as a Credit Supplementary Form, should be submitted along with the “build your own application pack”.
In Consultation Paper 13/15: Enhancing the effectiveness of the listing regime and further consultation (CP13/15), the FCA included a question on changing the rules on cancelling a listing. The FCA set out two options in CP13/15:
The FCA has published an update regarding the recent communication from the European Banking Authority relating to a change to the final remittance dates for Q1 2014 COREP monthly and quarterly reporting and the implementation and reporting dates for asset encumbrance reporting. In relation to asset encumbrance the first reporting reference date will be 31 December 2014 and the first remittance date will be 11 February 2015.
The European Parliament has published a provisional version of the text of the amendments to the proposed Regulation on European Long-Term Investment Funds (ELTIF Regulation) that it adopted plenary session on 17 April 2014. Minutes have also been published, which explain that a vote on the draft legislative resolution has been postponed and referred back to the European Parliament’s Economic and Monetary Affairs Committee for reconsideration.