The FCA has updated its “latest news” webpage on the Alternative Investment Fund Managers Directive (AIFMD) on the current status of applications for authorisation. The FCA update explains that:
The European Securities and Markets Authority (ESMA) has published a Discussion Paper on the calculation of counterparty risk by Undertakings for Collective Investment in Transferable Securities (UCITS) which enter into over the counter (OTC) derivative transactions that need to be centrally cleared under the European Markets Infrastructure Regulation (EMIR).
The FCA has published a letter sent by Clive Adamson, its Director of Supervision, to the CEOs of operators of self-invested personal pensions (SIPPs). The letter sets out the findings of the FCA’s recent thematic review of SIPP operators following the guidance it issued in October 2013.
The FCA has published Thematic Review 14/12: Enhanced transfer value pension transfers.
In TR14/12, the FCA reviews the suitability of bulk pension transfer advice provided by financial advisers where employers offer an enhancement to the transfer value (ETV).
The FCA has published a Consultation Paper 14/11: Retirement reforms and the guidance guarantee (CP14/11). CP14/11 is intended to be read in conjunction with the government’s formal response to its March 2014 consultation on pensions reforms.
The European Systemic Risk Board (ESRB) has published its annual report for 2013. The report describes the work that the ESRB has carried out during its third year of operation and is split into three sections:
The Joint Money Laundering Steering Group (JMLSG) has published a letter addressed to it from HM Treasury in which HM Treasury confirms that it has approved, with immediate effect, the latest version of the JMLSG’s guidance for money service businesses (MSBs) as customers of banks for the purposes of sections 330 and 331 of the Proceeds of Crime Act 2002, section 21A of the Terrorism Act 2000, and Regulations 42 and 45 of the Money Laundering Regulations 2007.
The European Securities and Markets Authority (ESMA) has published an updated version of its Q&A paper on the application of the Alternative Investment Fund Managers Directive (AIFMD).
There has been published in the Official Journal of the EU (OJ), a decision of the European Central Bank (ECB) on the provision to the ECB of supervisory data reported to the national competent authorities (NCAs) by supervised entities.
The European Securities and Markets Authority (ESMA) has published technical advice to the European Commission on the development of an EU creditworthiness assessment for sovereign debt.