To all of our subscribers we would like to take this opportunity to wish you all a Merry Christmas and a Happy New Year.
We will resume posting material following the festive period on 3 January 2019.
Merry Christmas to our subscribers
The Capital Requirements (Amendment) (EU Exit) Regulations 2018
The Capital Requirements (Amendment) (EU Exit) Regulations 2018 have been made. The Regulations were first published on 21 August 2018 (see our blog here) and were laid before Parliament on 15 November 2018 (see our blog here).
You can track the financial services Brexit EU Exit statutory instruments (as well as gain access
Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018
On 20 December 2018, The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 were made. The Regulations were first published on 9 October 2018 (see our blog here), and were subsequently amended on 23 October 2018 (see our blog here).
You can track the financial services Brexit EU Exit
Draft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019
On 19 December 2018, HM Treasury published a draft of The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019, together with explanatory information. The draft Regulations amend deficiencies stemming from SFTR to ensure that the underlying policies of the SFTR remain operative in a UK-only context post-exit.
You can
The Securitisation (Amendment) (EU Exit) Regulations 2019
On 19 December 2018, HM Treasury published a draft of The Securitisation (Amendment) (EU Exit) Regulations 2019 together with explanatory information.
The draft statutory instrument remedies deficiencies within the EU Securitisation Regulation to ensure that the underlying policy framework remains in place upon the UK’s withdrawal from the EU. The Securitisation Regulation came into
Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018
On 19 December 2018, the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 were made. A draft of the Regulations was published on 21 August 2018 (our blog is here), and an updated draft was laid before parliament on 18 October 2018 (our blog is here).
You can track the financial services
PRA and FCA joint statement on reporting of private securitisations
On 20 December 2018, the FCA and the PRA jointly published a statement setting out how parties must report information, required by the Securitisation Regulation, to the UK authorities. The requirements relate to private securitisations, which are securitisations where a prospectus has not been prepared under the Prospectus Directive.
BoE statement on temporary equivalence of UK CCPs and CSDs
On 19 December 2018, the Bank of England (BoE) issued a statement welcoming the European Commission’s adoption of temporary equivalence decisions on the UK’s legal and supervisory framework for central counterparties (CCPs) and central securities depositories (CSDs). The BoE also states that practical arrangements to implement these equivalence decisions now need to be put in
Commission adopts temporary equivalence determination for UK CSDs
On 19 December 2018, the European Commission adopted a Delegated Regulation determining for a limited period of time (24 months) that the regulatory framework applicable to central securities depositories (CSDs) of the UK is equivalent in accordance with the CSDR. On 20 December 2018, the Delegated Regulation was published in the Official Journal
Commission adopts temporary equivalence determination for UK CCPs
On 19 December 2018, the European Commission adopted a Delegated Regulation determining for a limited period of time (12 months) that the regulatory framework applicable to central counterparties (CCPs) in the UK is equivalent in accordance with EMIR. The Delegated Regulation is part of the Commission’s no deal contingency planning. The Delegated Regulation does not