The Asia Resource Minerals plc (formerly Bumi plc) (the Company) was fined for failing to take reasonable steps to establish and maintain adequate procedures, systems and controls to enable it to comply with Listing Principle 2 (in force at the relevant time), impeding the Company’s ability to identify related party transactions (RPT)
On June 30, 2015, the world will once again experience a “leap second,” where one second is added to the clock. As a result, there will actually be civilian clocks reading 23:59:60 on that day. (Leap second has no impact on atomic clocks and any thing that uses atomic clocks, like GPS). The extra second
With last ditch Greece talks and the Brexit pitch, there has hardly been a better week in Brussels to bury bad news. So interesting that “Team Juncker” chose Wednesday to announce the long-awaited reshuffle of heads of the Commission’s services.
Much has been made of the appointment of former Barroso chief of staff Johannes Laitenberger
The FCA has published Discussion Paper 15/5: Smarter consumer communications (DP15/5).
The FCA expects all firms to embed an organisation-wide culture where the importance of communicating effectively with consumers is recognised and prioritised. The information needs of potential customers need to be fully considered when developing a product or service and throughout the lifecycle of
Recordings of our popular MiFID II Academy webinars, including the recent webinar on MTFs and OTFs, are now available.
Please click on the link below to access the recordings.
The Payment Systems Regulator (PSR) has published a call for input on card payment systems.
The deadline for responding to the call is 31 July 2015 and in summary the PSR wishes to:
The PRA and FCA have jointly published Consultation Paper 15/21: Reform of the legacy Credit Unions sourcebook (CP15/21).
The PRA proposes to delete its version of the Credit Unions sourcebook (CREDS) and replace it with a new Credit Unions Rulebook Part. The PRA’s proposals deal exclusively with matters affecting the financial safety and soundness of credit unions. The PRA’s proposals also take into account feedback on the regulatory approach received by HM Treasury in response to its Call for Evidence: British Credit Unions at 50 and also the impact on Northern Ireland credit unions of the restrictions in CREDS.
At this stage the FCA is not proposing to make significant changes to its version of CREDS. The changes it proposes are mainly consequential on those being made by the PRA.
The deadline for comments on CP15/21 is 30 September 2015.
In December last year Ofgem issued a consultation proposing changes to two documents that describes how it monitors, investigates and enforces the requirements of the EU Regulation on wholesale energy market integrity and transparency (REMIT). The two documents were the REMIT Procedural Guidelines (which explain how Ofgem takes action under its REMIT powers) and the
The European Banking Authority (EBA) has published final draft implementing technical standards on supervisory reporting of the liquidity coverage ratio (LCR) for EU credit institutions. The main features of the ITS are the following two annexes:
We have published a new briefing note which provided a visual guide, through a series of heat-maps, on the impact of the MiFID II conduct of business regime on Germany.
Our intention is to produce further briefing notes which will use the same format and show how the MiFID II conduct of business regime will impact on other EU jurisdictions.