On 18 December 2020, the FCA updated its webpage on notification and disclosure of net short positions by adding a short section concerning short selling bans and reporting. The section explains that on 17 December 2020, the European Securities and Markets Authority (ESMA) issued a decision renewing its original decision on 16 March 2020 to
On 18 December 2020, the Bank of England (BoE) and PRA co-published a Policy Statement entitled The Bank of England’s amendments under the European Union (Withdrawal) Act 2018: Changes before the end of the transition period (PS27/20).
In PS27/20 the BoE / PRA provide feedback to the responses to Consultation Paper 13/20: UK withdrawal from
On 14 December 2020, the outgoing German Presidency of the Council hosted the last working group under its leadership for Member States representatives with a purpose of continuing discussions on the recently proposed regulation on markets in crypto-assets (MiCA). The meeting’s agenda covered the fundamental issue of scope and definitions, as well as
On 17 December 2020, HM Treasury published a revised version of the special resolution regime code of practice.
The code, issued in accordance with sections 5 and 6 of the Banking Act 2009 (the Act), supports the legal framework of the special resolution regime, and provides guidance as to how and in what circumstances
On 17 December 2020, the European Securities and Markets Authority (ESMA) published a final report containing technical standards on reporting, data quality, data access and registration of trade repositories under EMIR REFIT.
The layout of the final report is as follows:
On 17 December 2020, the FCA published Policy Statement 20/16: Updating the dual-regulated firms Remuneration Code to reflect CRD V (PS20/16).
The CRD V contains amendments to the provisions on remuneration upon which FCA rules for dual-regulated firms are based. In Consultation Paper 20/14: Updating the Dual-regulated firms Remuneration Code to reflect CRD
On 17 December 2020, the European Securities and Markets Authority (ESMA) issued its second report on the clearing solutions for Pension Scheme Arrangements (PSAs) under EMIR.
Last year, EMIR REFIT further extended the temporary exemption from the clearing obligation for PSAs until June 2021. To monitor the progress made by the
On 17 December 2020, the European Banking Authority (EBA) issued a consultation paper concerning draft guidelines on internal governance under the Investment Firm Directive (IFD).
The guidelines are intended to complete the various governance provisions in the IFD, taking into account the principle of proportionality, by specifying the tasks, responsibilities and
On 17 December 2020, the European Banking Authority (EBA) issued a consultation paper containing draft guidelines on remuneration for investment firms as defined in Article 4(1)(1) of MiFID II that do not meet all of the conditions for qualifying as small and non-interconnected investment firms under Article 12(1) of the Investment Firm Regulation
On 17 December 2020, the EU Agency for the Cooperation of Energy Regulators published the 24th edition of its Q&As on the Regulation of wholesale energy market integrity and transparency (REMIT). The following new entries have been inserted in the Q&As: