July 2014

The FCA has published Consultation Paper 14/12: Removing the Transparency Directive’s requirement to publish interim management statements.

CP14/12 is seeking views on its proposals to remove the requirement for issuers of shares admitted to trading on a regulated market to publish interim management statements pursuant to the Transparency Directive Amending Directive.

The European Commission has published a letter to the European Securities and Markets Authority (ESMA) setting out a provisional request for technical advice concerning possible delegated acts relating to certain settlement discipline measures and aspects relating to supervisory co-operation under the proposed Regulation on improving securities settlement and regulating central securities depositories (CSDR).

The European Securities and Markets Authority (ESMA) has published a Discussion Paper on the calculation of counterparty risk by undertakings for the collective investment of transferable securities (UCITS) for over the counter (OTC) derivative transactions subject to clearing obligations.