February 2016

On 24 February 2016, the Securities and Futures Commission (SFC) published conclusions to their consultation proposing to expand the scope of the short position reporting by amending the Securities and Futures (Short Position Reporting) Rules (SPR Rules).

The SFC has concluded that, as proposed in the original consultation, the short position reporting will be expanded

On 5 February 2016, the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) published their conclusions to the joint consultation paper they issued in September 2015 on introducing mandatory clearing and expanding mandatory reporting for the second stage of the over-the-counter derivatives regulatory regime.

Amongst other things, the conclusions defer the commencement

The European Banking Authority (EBA) has published the methodology and macroeconomic scenarios for the 2016 EU-wide stress test.

The stress test is designed to provide supervisors, banks and other market participants with a common analytical framework to compare consistently and assess the resilience of EU banks to economic shocks.

In particular, the key features of

The Payment Systems Regulator (PSR) has published the interim findings of its market review into the ownership and competitiveness of infrastructure that supports the UK’s payment systems Bacs, Faster Payments System (FPS), and LINK.

The interim report outlined the initial evidence gathered and the remedies which could address the issues identified. In particular these include:

On 25 February 2016, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published a brochure for organisations active in the public domain which are not listed, but may nevertheless possess information which qualifies as inside information (voorwetenschap). This includes organisations such as courts, central banks, competition