The FCA has published Consultation Paper 14/17: Early implementation of the Transparency Directive’s requirements for reports on payments to governments (CP14/17).
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published their joint committee final report on guidelines for handling consumer complaints in the securities and banking sectors.
The Regulatory Oversight Committee of the Global Legal Entity Identifier System (the ROC) has updated its paper that sets out the principles that should be observed by the local operating units (LOUs) participating in the Interim Global Legal Entity Identifier System as pre-LOUs. The updated paper contains an additional footnote 1 which mentions guidance that the ROC has produced concerning the mandatory conditions for endorsement.
Norton Rose Fulbright is hosting the first in a series of quarterly conference calls on the most important antitrust/competition and regulatory developments relevant to energy companies operating in the European Union, the United States and/or Canada.
The call will take place at 11:00 am U.S. Eastern Daylight Time (EDT)
Learn more and register today.
On August 19, 2014, Rick A. Fleming, the head of the Office of the Investor Advocate of the Securities and Exchange Commission (the “SEC”), gave a speech at the 38th Annual Southwest Securities Conference, in which he urged Congress to authorize the SEC to collect an annual “user fee” from registered investment advisers that would
The 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) requires each large bank holding company and non-U.S. bank with U.S. banking operations (total consolidated assets of $50 billion or more) to file an annual resolution plan (informally referred to as a “living will”) with the Federal Reserve Board (FRB) and the Federal Deposit
In the Budget speech last February, the Minister of Finance announced that the Government would introduce anti-money laundering and anti-terrorist financing regulations for virtual currencies such as Bitcoin. On June 19, 2014, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Act) was amended to bring persons that “deal in virtual currencies” under the
There has been published on the FCA’s website copies of letters between Clive Adamson (FCA director of supervision) and Graham Beale (Chairman of the FCA Practitioner Panel) clarifying the FCA’s use of attestations.
In May 2010, the Committee of European Securities Regulators (CESR) adopted guidelines on a Common Definition of European Money Market Funds (the CESR guidelines). The CESR guidelines entered into force on 1 July 2011. The CESR guidelines distinguish between Short-Term Money Market Funds (ST MMFs) and Money Market Funds (MMFs) on the basis of certain key characteristics, such as the weighted average maturity and weighted average life. The CESR guidelines also set out criteria that money market instruments should respect in order to be considered as eligible investments for ST MMFs and MMFs.
The European Banking Authority (EBA) has updated its single rulebook Q&As which cover the CRD IV Directive, Capital Requirements Regulation and the related technical standards and guidelines.