On 27 June 2016, the Dutch Minister of Foreign Affairs (Minister van Buitenlandse Zaken) sent a letter on behalf of the Dutch Government to the Dutch Parliament in response to the outcome of the referendum which was held in the United Kingdom on 23 June in respect of its membership of the European
In 2012 the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued the Principles for financial market infrastructures (PFMI). In line with the G20’s expectations, CPMI and IOSCO members have undertaken to incorporate the 24 principles (the Principles) and the
The Council of the EU has published a Corrigendum setting out a minor amendment to the definition of ‘competent authority’ as set out in article 2(1)(18) of MiFIR. Member States have 8 days in which to object to the amendment.
View Council of the EU – Corrigendum to Regulation (EU) No 600/2014 of the European
The Financial Ombudsman Service (FOS) has published its latest issue of Ombudsman news (issue 133). Among other things, this issue of ombudsman news contains case studies relating to car insurance, wedding cancellation insurance, the suspension of a consumer’s electronic payments account and an article on the pensions freedoms.
The Council of the EU has published a Corrigendum to MiFID II that sets out certain proposed amendments to obvious errors in a number of language versions of the Directive. The English language version of the amendment can be found on page 7 of the Corrigendum. The amendment concerns a minor amendment to the definition
Since July 2015, when draft amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (Draft Regulations) were published in the Canada Gazette, the industry has been expecting changes to aspects of the current AML/TF regime, particularly with respect to customer identification. After a lengthy delay, caused at least in part
The European Commission has published a table setting out the current position as regards the technical standards under the Market Abuse Regulation. In particular the table sets out whether a technical standard has been published in the Official Journal of the EU.
View Technical standards under Regulation (EU) No 596/2014, 24 June 2016
The European Commission has reported that Commissioner Lord Hill, responsible for Financial Stability, Financial Services and the Capital Markets Union, has resigned from his post as European Commissioner. Lord Hill’s resignation will take effect on 15 July.
Valdis Dombrovskis, Vice-President responsible for the Euro and Social Dialogue, is to take over the portfolio for Financial
The FCA has published its latest Handbook Notice (34).
This Handbook Notice introduces the FCA Handbook and other material made by the FCA Board under its legislative powers on 16 and 23 June 2016. It also contains information about other publications relating to the Handbook and, if appropriate, lists minor corrections made to previous instruments
The European Commission has adopted a Commission Delegated Regulation supplementing MiFIR with regard to regulatory technical standards (RTS) on clearing access in respect of trading venues and central counterparties. The power to adopt the Delegated Regulation is provided for under Article 35(6) and Article 36(6) of MiFIR. Under these provisions, the Commission is