There has been published in the Official Journal of the EU (OJ), the Commission Implementing Regulation (EU) 2016/1212 of 25 July 2016 laying down implementing technical standards (ITS) with regard to standard procedures and forms for submitting information in accordance with the UCITS Directive. The regulation will enter into force 20
The European Securities and Markets Authority (ESMA) has issued the final implementing technical standards (ITS) regarding sanctions and measures which will implement the Market Abuse Regulation (MAR). The ITS prescribes how national competent authorities (NCAs) should notify ESMA annually of the investigations they conduct and the sanctions
The House of Lords Select Committee on Financial Exclusion (the Committee) was set up on 25 May 2016 and its remit is to consider the financial exclusion and access to mainstream financial services. The Committee has published its call for evidence which focuses on the following areas:
The PRA has issued an Occasional consultation paper 26/16 (CP26/16) proposing changes to the following PRA Rulebook parts and supervisory statements (SS):
The Joint Committee of the European Supervisory Authorities (ESAs) has published a letter dated 18 July 2016 from the European Commission responding to concerns they have raised about the delayed adoption of draft regulatory technical standards (RTS) on risk mitigation techniques for non-centrally cleared over-the-counter (OTC) derivatives under the
The Financial Markets Law Committee (FMLC) has published a discussion paper on issues of legal uncertainty arising in the context of virtual currencies. In the paper, the FMLC analyses the legal aspect of virtual currencies and addresses issues of uncertainty in the context of their development as a medium of exchange and also
The European Securities and Markets Authority (ESMA) has updated its Q&A on the application of MiFID to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients (such as binary options and rolling spot forex) to retail clients. The purpose of the Q&A is
The European Banking Authority (EBA) has published a report on the dynamics and drivers of non-performing exposures in the EU banking sector. This report analyses the recent dynamics, cross‐country dispersion and possible drivers of the non‐performing exposures (NPE) in the EU banking sector. The report uses as its basis the harmonised
The European Systemic Risk Board (ESRB) has published its annual report for 2015. The report describes the work that the ESRB has carried out during its fifth year of operation and is split into 3 sections:
The European Banking Authority (EBA) has published Consultation Paper: Report on the appropriate target level basis for resolution financing arrangements under Bank Recovery and Resolution Directive (BRRD).The BRRD requires the EBA to submit to the European Commission a report within recommendations on the appropriate reference point for setting the