The European Commission and the US Commodity Futures Trading Commission (CFTC) have announced a common approach regarding certain derivatives trading venues authorised in the EU and in the United States of America.
The aim of the common approach is to ensure that EU counterparties are able to comply with the trading obligation under
The Wolfsberg Group has completed two new significant pieces of work that are intended to strengthen the international financial system. These are the new Wolfsberg Correspondent Banking Due Diligence Questionnaire (the Questionnaire) and the revised Payment Transparency Standards.
In 2002 the Wolfsberg Group published principles around correspondent banking including the articulation of a vision
The FCA is open to applications for authorisation under the revised Payment Services Directive (PSD2). In the light of this, it has published the following new and updated webpages:
On 12 December 2016, we blogged that the FCA launched Market study 16/2: Mortgage market study to consider whether competition in the mortgage sector can be improved to the benefit of consumers.
The FCA has announced that it will now publish its interim report on the mortgage market study in Spring 2018.
View FCA interim
On 13 June 2017, the European Commission (Commission) put forward a proposal for a draft Regulation amending Regulation (EU) No.1095/2010 establishing a European Supervisory Authority (ESA) (European Securities and Markets Authority (ESMA)) and amending the European Market Infrastructure Regulation (EMIR) (the Proposed Regulation). The Proposed Regulation
The European Securities and Markets Authority (ESMA) has updated its webpage on benchmarks in relation to the register of administrators and third country benchmarks that is required under Article 36 of the Benchmarks Regulation (BMR).
On its webpage, ESMA notes that it will publish:
On 17 February 2017, we blogged that the European Banking Authority (EBA) published for consultation draft guidelines that govern the process for complaints that payment service users and other interested parties can submit to Member State national competent authorities (NCAs) with regard to payment service providers’ (PSPs) alleged infringements
The Office of the Superintendent of Financial Institutions (OSFI), the federal financial institutions prudential regulator, has posed seven revised transactions instructions on its website.
Transaction instructions set out OSFI’s requirements for information and documents in connection with applications for approval under federal financial institutions statutes, and may include guidance from OSFI related to
The Securities and Futures Commission (SFC) this week outlined an optimistic vision for the future of Hong Kong as a continued pre-eminent global financial centre, especially in relation to its position as the main conduit to the Chinese Mainland, based on the increased collaboration and more effective enforcement measures set out below.
Ashley
A new webinar recording involving Norton Rose Fulbright LLP and EEX Group is now available.
The webinar is particularly relevant to those in the commodities markets and covers: