On 20 December 2019 it was announced that Güralp Systems Ltd (Güralp) had entered into a £2m Deferred Prosecution Agreement (DPA) with the Serious Fraud Office (SFO) in October 2019 in relation to bribery offences.
Reporting restrictions on the DPA have been lifted following the acquittal between 18 and
On 20 December 2019, MPs approved the Government’s EU (Withdrawal Agreement) Bill by 358 votes to 234 (the December Bill).
The Government announced its intention to introduce the Bill in the Queen’s Speech on 19 December 2019. The Bill is needed to enable the UK to leave the European Union with a deal on
Following the Conservative victory in the General Election, Her Majesty the Queen gave her speech opening a new parliamentary session and setting out the Government’s legislative agenda for the coming year. In this briefing, Glen hall, Partner and Head of Government Relations and Public Policy, and Daniel Nevzat, Government Relations Manager, explore the key policy
On 19 December 2019, the PRA published Policy Statement 27/19: Responses to Occasional Consultation Paper 25/19 – chapter 4: reporting updates for Capital+ and ring-fenced bodies (PS27/19).
In PS27/19 the PRA sets out its final rules amending the Regulatory Reporting Part of the PRA Rulebook and reporting templates PRA101, PRA 102, RFB003, RFB004
On 19 December 2019, the European Commission (Commission) launched a public consultation on the future EU framework for markets in crypto-assets. Launched in parallel with a public consultation on a digital operational resilience framework for financial services, both consultations are initial steps towards the implementation of the new Commission’s President, Ursula von der
On 19 December 2019, the European Commission (Commission) launched a public consultation on a digital operational resilience framework for financial services. The consultation, which was published in parallel with a separate consultation on crypto assets, comes as the Commission is working towards a new Digital Finance Strategy. The aim of the strategy
On 19 December 2019, the European Securities and Markets Authority (ESMA) published its 2020 calendar of MiFID II / MiFIR relevant publications for the transparency regime and systematic internalisers’ tests.
During 2020, ESMA will publish for the first-time transparency and systemic internalisers calculations for derivatives. During 2019, publications on derivatives were not executed
On 19 December 2019, the European Banking Authority (EBA) issued a consultation paper on draft regulatory technical standards (RTS) on the criteria to identify all categories of staff whose professional activities have a material impact on the institutions’ risk profile.
The draft RTS have been revised in light of Article 94(2)
On 19 December 2019, the Association of Financial Markets in Europe, Futures Industry Association, International Capital Market Association, International Swaps and Derivatives Association, Inc. and International Securities Lending Association co-published a new agreement intended to simplify reporting across different EU regulatory regimes.
The Master Regulatory Reporting Agreement gives market participants an option to use a
On 19 December 2019, the European Central Bank (ECB) published a letter that it had sent to significant institutions in October, which provides clarification of the process to be applied by it as of 10 November 2019 for significant credit institutions with regard to the recognition of contractual netting agreements as risk reducing