The European Securities and Markets Authority (ESMA) has published an opinion setting out general principles aimed at fostering consistency in authorisation, supervision and enforcement related to the relocation of entities, activities and functions from the UK. The opinion is addressed to the national competent authorities, in particular those EU Member States that will
The European Securities and Markets Authority (ESMA) has published its response to the European Commission’s consultation on the operation of the European Supervisory Authorities.
ESMA has made a number of recommendations related to its functioning and powers. The main areas covered by the recommendations are:
The FCA has published Handbook Notice No.44.
On 25 May 2017, the FCA Board made changes to the Handbook in the following instruments:
The Handbook Notice briefly describes the changes
The Financial Action Task Force (FATF) has published a summary of its Fintech and Regtech forum, which was held on 25 and 26 May 2017. At the forum over 150 representatives discussed significant trends and developments in Fintech and Regtech and shared their experiences in adapting their practices to continue to identify and
The European Securities and Markets Authority has updated its Q&As on the implementation of MiFID II. The updated Q&As include new answers regarding:
View ESMA updates its
The European Securities and Markets Authority (ESMA) has issued a communication regarding the launch of reference data submission under the Market Abuse Regulation (MAR).
In the communication ESMA announces that its IT system for the collection of financial instrument reference data under Article 4(1) of MAR (i.e. the Financial Instrument Reference
The European Securities and Markets Authority has published an updated Q&A on practical questions regarding the implementation of the Market Abuse Regulation. The updated Q&As include new answers regarding:
ESMA will periodically review the Q&As and update them when required.
The European Securities and Markets Authority has published an updated list of recognised central counterparties based in third countries. The update concerns the New Zealand Clearing Ltd.
View ESMA updates list of recognised third-country CCPs, 30 May 2017
The European Parliament, the Council of the EU and the European Commission have reached agreement on the European venture capital funds Regulation review. The Commission originally proposed an overhaul of the existing European Venture Capital Funds (EuVECA) and the European Social Entrepreneurship Funds (EuSEF) regulations in 2016 as part of the
The European Systemic Risk Board (ESRB) has published its second EU Shadow Banking Monitor which presents an annual overview of developments in the EU shadow banking system, with a focus on identifying risks to financial stability.
The report presents metrics and analysis for monitoring shadow banking risks and informs discussions at the EU