As a result of recent case law of the Court of Justice of the EU, HM Treasury has published a notification of a revision to its financial sanctions policy that it was required to make in order to align the UK with the rest of the EU.
The European Banking Authority (EBA) has updated its Q&As on the single rulebook, publishing one new answer to a question. The Q&As relate to the CRD IV package of reforms: the CRD IV Directive, the Capital Requirements Regulation and the related technical standards and guidelines developed by the EBA.
The European Banking Authority (EBA) has issued a revised list of validation rules in its implementing technical standards (ITS) on supervisory reporting under the Capital Requirements Regulation (CRR). The revisions come in the form of:
The European Banking Authority (EBA) has published a consultation paper on guidelines on the criteria to determine the conditions of application of Article 131(3) of the CRD IV Directive in relation to the assessment of other systemically important institutions (O-SIIs).
A corrigendum to the text of Directive recasting the Deposit Guarantee Schemes Directive (recast DGSD) has been published in the Official Journal of the EU (OJ).
The European Banking Authority (EBA) has published the following documents relating to recovery plans under the Bank Recovery and Resolution Directive (BRRD):
The Competition and Markets Authority (CMA) has published market studies in relation to the provision of personal current accounts (PCAs) and the provision of banking services to small and medium-sized enterprises (SMEs) in the UK.
There has been published the Financial Services and Markets Act 2000 (Regulated Activities) (Green Deal) (Amendment) Order 2014 (the Order) together with an explanatory memorandum.
The European Securities and Markets Authority (ESMA) has published a letter from Michel Barnier, (European Commissioner for Internal Market and Services) to its chairman, Steven Maijoor. The letter responds to ESMA’s earlier letter concerning the European Markets Infrastructure Regulation (EMIR) and the clearing of over-the-counter (OTC) derivative contracts entered into after a central counterparty has been authorised under EMIR and before the date of application of the clearing obligation (the frontloading requirement).
The Council of the EU has published the text of the proposed Regulation on improving securities settlement and central securities depositaries (CSDs). The publication of the text is in advance of the Council’s formal adoption of the Regulation.