June 2016

There has been published a letter that the European Commission has sent to the European Securities and Markets Authority (ESMA) concerning draft implementing technical standards (ITS) on the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information pursuant to Article 17(10) of

The European Commission has adopted a Delegated Regulation supplementing the European Market Infrastructure Regulation with regard to regulatory technical standards on the clearing obligation.

The Delegated Regulation determines that certain over-the-counter derivative contracts denominated in several non-G4 European currencies (the Swedish Krona (SEK), the Polish Zloty (PLN) and the Norwegian Krone (NOK)) that must be

There has been published in the Official Journal of the EU (OJ) Commission Implementing Regulation of 9 June 2016 laying down implementing technical standards with regard to the form and the content of the description of group financial support agreements in accordance with the Bank Recovery and Resolution Directive.

The intention behind the

The CFTC has issued a supplemental proposed rulemaking (the “2016 Supplement”) that would give futures exchanges (“Exchanges”) greater authority over exemptions if the CFTC finalizes its long-pending proposed new speculative position limits that it published in December 2013 (the “Limits Proposal”).  In an effort to be responsive to severe criticism of the Limits Proposal, particularly

Financial conglomerates are large financial groups which provide services and products in at least the banking / investment and insurance sectors of the financial market place. The Financial Conglomerates Directive (FICOD), which was adopted in December 2002 and amended in 2011,  aims at identifying and managing risks that are inherent to these groups

The European Parliament has published provisional editions of:

  • the text of the legislative proposal for a Directive that defers the date of application of MiFID II to 3 January 2018. It also defers the date by which Member States need to transpose MiFID II to 3 July 2017; and
  • the text of the legislative proposal

The European Commission has adopted its latest Delegated Regulations supplementing MiFID II.

The Delegated Regulations are:

  • Commission Delegated Regulation of 8 June 2016 supplementing MiFID II with regard to regulatory technical standards (RTS) for the annual publication by investment firms of information on the identity of execution venues and on the quality of

The Regulation on European Long-Term Investment Funds (the ELTIF Regulation) provides that the European Securities and Markets Authority (ESMA) shall develop draft regulatory technical standards (RTS) to determine the criteria for establishing the circumstances in which the use of financial derivative instruments solely serves hedging purposes, the circumstances in

There has been published in the Official Journal of the EU (OJ) the Commission Implementing Regulation of 7 June 2016 on the extension of the transitional periods related to own funds requirements for exposures to central counterparties set out in the Capital Requirements Regulation (CRR) and the European Market Infrastructure Regulation