On August 3, 2015, the U.S. Environmental Protection Agency (“EPA”) issued its final Clean Power Plan, which announces new standards and emission guidelines to reduce carbon pollution from power plants. The plan takes into account input received through EPA outreach to the power industry and its regulators, as well as from the over four
The Financial Ombudsman Service (FOS) has published the latest issue of its newsletter, Ombudsman news. In this issue the FOS sets out a number of case studies concerning customers in vulnerable circumstances. It also includes an article on the FOS outreach team which meets with people working at the front line of their communities’ problems
On the FCA Handbook online web page it has been announced that the new FCA Handbook and PRA Rulebook websites are launching on 29 August 2015. From this date the current website, fshandbook.info, will no longer be available and will redirect participants to the new Handbook and Rulebook. The FCA and PRA homepages will be
The SEC recently adopted new rules that outline the registration process for security-based swap dealers and major security-based swap participants (“SBS Entities”). Section 764 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) amended the Securities Exchange Act of 1934 (the “Exchange Act”) to require the registration of SBS Entities with
The PRA has published Consultation Paper 29/15: Occasional Consultation Paper (CP29/15).
The structure of CP29/15 is as follows:
The PRA has published Consultation Paper 28/15: The PRA Rulebook: Part 4 (CP28/15).
CP28/15 is the PRA’s latest Consultation Paper which sets out proposals to redraft certain modules of the PRA Handbook into the PRA Rulebook. The PRA Rulebook will appear in a new online website later this year and, until then, will appear on
The Paris-based European Securities and Markets Authority (ESMA) has published four documents concerning Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR). Three of these documents are required of the supervisory authority under Article 85 EMIR. The fourth document is submitted to the European Commission in response to the executive’s consultation
Recordings of previous MiFID II webinars can be found here.
Previous recordings cover:
The FCA has published press releases concerning two new thematic reviews which will look at:
The PRA has published Policy Statement 20/15: Strengthening individual accountability in banking: UK branches of non-EEA banks (PS20/15).
In PS20/15 the PRA provides feedback on its earlier consultation and includes final and near-final rules on the application of the senior managers’ regime, certification regime and conduct rules to UK branches of non-EEA banks and PRA