On 25 November 2020, the FCA issued a statement explaining what trade repositories (TRs), and the UK counterparties that use them, should do to make sure they are compliant with the UK Securities Financing Transactions Regulation (UK SFTR) reporting obligations from the end of the transition period.
The statement covers the following topics:
On 25 November 2020, the FCA issued a statement explaining what trade repositories (TRs), and the UK counterparties that use them, should do to make sure they are compliant with the onshored European Market Infrastructure Regulation (UK EMIR) reporting obligations following the end of the transition period. The statement replaces the statement the FCA originally
On 25 November 2020, the European Securities and Markets Authority (ESMA) made a public statement setting out its view on the application of the EU trading obligation for derivatives (DTO) following the end of the Brexit transition period.
Article 28 of MiFIR requires investment firms to conclude transactions in some derivatives on regulated markets (RMs),
On 24 November 2020, the European Securities and Markets Authority (ESMA) published a final report presenting a new set of draft regulatory technical standards (RTS) on the clearing obligation that the European Supervisory Authority has developed under Article 5(2) of the European Market Infrastructure Regulation (EMIR).
The draft RTS
We have updated our cross border comparative guide on individual accountability which is located on the NRF Institute.
The comparative guide, Senior management responsibility in financial services, allows clients to better understand how senior management responsibility in different types of financial services firm other than insurers is being treated in different jurisdictions around the world.
On 23 November 2020, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) (together the ESAs) co-published a final report with draft regulatory technical standards (RTS) proposing to amend the Commission Delegated Regulation on
On 24 November 2020, the Asset Management Task Force (Taskforce) published a report, Investing with purpose: placing stewardship at the heart of sustainable growth.
Established in October 2017, the Taskforce was designed to encourage greater dialogue between the Government, the investment industry and the FCA to ensure the UK investment
On 24 November 2020, the FCA published a new web page regarding the benefits of its new data collection platform RegData.
The FCA is moving firms and their users to RegData in groups to minimise the impact on firms. Firms’ moving dates are determined by their reporting requirements. All users must register for RegData ahead
On 24 November 2020, the Dutch Central Bank (De Nederlandsche Bank, DNB) issued a press release stating that in light of the COVID-19 pandemic it has updated its “Supervisory Strategy 2021-2024”. The strategy fleshes out the priorities DNB had identified in 2018 in the areas of technological innovation, sustainability and
On 25 November 2020, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published a report titled ‘The transition to alternative benchmark rates’ (the Report).
The Report is a feedback report setting out the main findings resulting from an information request made by the AFM and the