March 2021

On 26 March 2021, HM Treasury issued a press release stating that technical discussions on the text of the Memorandum of Understanding (MoU), which was agreed in a Joint Declaration on Financial Services Regulatory Cooperation alongside the Trade and Cooperation Agreement, have now been concluded. The statement adds that formal steps need to

On 26 March 2021, the European Securities and Markets Authority (ESMA) published its final advice to the European Commission on data reporting service providers (DRSP). The advice focuses on the fees, fines and penalties applicable to DRSPs subject to EU supervision as well as the criteria determining whether certain DRSPs may

On 26 March 2021, the European Commission adopted a Delegated Regulation that specifies the methodology to be used by resolution authorities to estimate the requirement referred to in Article 104a of the Bank Recovery and Resolution Directive (BRRD) and the combined buffer requirement for resolution entities at the resolution group consolidated level for

On 26 March 2021, the European Securities and Markets Authority (ESMA) published a final report containing technical advice to the European Commission on procedural rules for imposing fines and penalties on benchmark administrators under its direct supervision.

The technical advice follows a consultation paper that ESMA issued on 23 December 2020. The final

On 26 March 2021, there was published in the Official Journal of the EU (OJ):

On 26 March 2021, the Bank of England and the FCA published the findings of their joint survey of liquidity management in UK-authorised open-ended funds. The joint survey was launched in August 2020, and covered a reporting period from Q4 2019 to Q2 2020, incorporating the extreme market conditions in March 2020 in the wake

On 26 March 2021, the PRA published Policy Statement 5/21: Financial Services Compensation Scheme – Management Expenses Levy Limit 2021/2022 (PS5/21). In PS5/21 the PRA provides feedback to responses to Consultation Paper 4/21: Financial Services Compensation Scheme – Management Expenses Levy Limit 2021/22. It also contains the final rules for the Financial