The FCA has published the final report of its asset management market study.
FCA publishes asset management market study
FCA updates AML web page
The FCA has updated its money laundering and terrorist financing web page so that it refers to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Regulations) which came into force on 26 June 2017.
Consultations by the FPC and PRA on changes to the UK leverage ratio framework relating to the treatment of claims on central banks
The Financial Policy Committee (FPC) and the PRA have jointly published a paper that contains two consultations.
FCA Policy Statement 17/13: Investment and corporate banking: prohibition of restrictive contractual clauses
The FCA has published Policy Statement 17/13: Investment and corporate banking: prohibition of restrictive contractual clauses (PS17/13).
FSB issues report on financial stability implications from FinTech
The Financial Stability Board (FSB) has issued a report on the financial stability implications from FinTech. The report identifies ten areas, of which the following three are seen as priorities for international collaboration:
MiFID II: ESMA issues final guidelines on trading halts
The European Securities and Markets Authority (ESMA) has published final guidelines on trading halts under MiFID II. The guidelines clarify the provisions of Article 48(5) of MiFID II. They are not restricted to a specific type of circuit breaker and apply indistinctly to all mechanisms that trading venues could potentially set in place in accordance with Article 48(5) of MiFID II.
MiFID II: 2nd Financial Markets Amendment Act published in Federal Law Gazette
The Second Financial Markets Amendment Act (Zweites Finanzmarktnovellierungsgesetz, 2. FiMaNoG) has been published in the Federal Law Gazette. Most parts of this amending act will enter into force on 3 January 2018. Individual provisions, however, such as the possibility to use standardised product information sheets for shares traded on an organised
PSC requirements for companies and limited liability partnerships
The Department for Business, Energy & Industrial Strategy has published:
ESAs publish central contact point standards in fight against financial crime
Payment service providers and electronic money issuers with a head office in an EU Member State can operate establishments in other, host, Member States. Such establishments have to comply with the anti-money laundering and countering the financing of terrorism (AML / CFT) regime of the Member State in which they are based, even if they are not obliged entities themselves.
ESAs publish AML / CFT guidelines
The European Supervisory Authorities have published final guidelines that set out factors that firms should consider when assessing the money laundering and terrorist financing (ML / TF) risk associated with a business relationship or occasional transaction. They also set out how firms should adjust the extent of their customer due diligence measures in a way that is commensurate to the ML / TF risk they have identified.