The House of Commons International Trade Committee (Committee) has published the Government’s response to the Committee’s March 2017 first report on UK trade options beyond 2019. In its report, the Committee recommended that, in the proposed free trade agreement between the UK and the EU, the Government should seek the nearest achievable approximation
The FCA has published a guide to completing the application process to cancel a firm’s authorisation under Part 4A of the Financial Services and Markets Act 2000. The guide is designed to assist firms to complete an application to cancel all permissions and cease regulatory activity. The FCA states that the guide is not a
The PRA has published a new webpage setting out information on how to serve it with copies of written statements relating to a bank’s ring-fencing transfer scheme (RFTS).
On its website, the PRA explains that persons alleging that they would be adversely affected by the carrying out of an RFTS are entitled to
The Joint Committee of the European Supervisory Authorities has published updated Q&As on the key information document (KID) requirements for packaged retail and insurance-based investment products as laid down in Commission Delegated Regulation (EU) 2017/653. The updated document includes new Q&As on the following:
The
The European Securities and Markets Authority (ESMA) has published a keynote speech given by its chairman, Steven Maijoor. The speech covers ESMA’s priorities for 2018 and focuses on ESMA’s work in the area of investment management: costs and charges, stress testing and supervisory convergence in the context of Brexit.
In relation to costs
Article 15(7) of the Money Market Funds Regulation (MMF Regulation) empowers the European Commission (Commission) to adopt delegated acts specifying the liquidity and credit quality requirements applicable to assets received as part of a reverse repurchase agreement.
Article 22 of the MMF Regulation empowers the Commission to adopt a delegated act
The European Commission has adopted Commission Delegated Regulation (EU) …/… of 17 November 2017 supplementing MiFIR with regard to regulatory technical standards on the trading obligation for certain derivatives.
The Delegated Regulation identifies certain interest rate swaps (IRS) and index credit default swaps (CDS) that should be subject to the
The European Securities and Markets Authority (ESMA) has published an updated version of its Q&As on the Regulation on improving securities settlement and regulating central securities depositories (CSDR). The update provides detailed answers regarding:
The aim of the Q&As
The European Securities and Markets Authority (ESMA) has published a video and accompanying presentation slides on the legal entity identifier (LEI) requirements under MiFID II. ESMA staff recently participated in the Global Financial Markets Association webinar on the LEI. ESMA staff presented on the topic of LEI requirements under MiFID II
The European Securities and Markets Authority (ESMA) has published an updated version of its Q&As on the implementation of the European Market Infrastructure Regulation (EMIR). The updated Q&As include new material on the following topics: