On 28 April 2021, the FCA published Consultation Paper 21/9: Changes to UK MiFID’s conduct and organisational requirements (CP21/9).
CP21/9 is the FCA’s first consultation under its work on capital markets reform. The FCA is working with HM Treasury on capital markets reform that involves looking at the UK’s regulatory regime for capital markets to
On 28 April 2021, the European Banking Authority (EBA) issued a consultation on draft guidelines on the delineation and reporting of available financial means of deposit guarantee schemes.
Article 10(10) of the Deposit Guarantee Schemes Directive (DGSD) requires deposit guarantee schemes (DGSs) to report their available financial means (
On 28 April 2021, there was published on the legislation.gov.uk website The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021. The statutory instrument comes into force on 19 May 2021.
The statutory instrument amends the Recognised Auction Platforms Regulations 2011 (the RAP Regulations) and Greenhouse Gas Emissions Trading
On 28 April 2021, the European Commission published for consultation a draft Implementing Regulation that would extend by 12 months (until 28 June 2022) the transitional periods during which institutions can treat exposures to a third-country central counterparty (CCP) that has not been recognised in accordance with the European Market Infrastructure Regulation as
On 28 April 2021, the European Banking Authority (EBA) issued a consultation on draft implementing technical standards (ITS) on supervisory reporting with respect to Additional Liquidity Monitoring Metrics (ALMM).
The consultation paper proposes amendments to the ITS on supervisory reporting with regard to ALMM reporting requirements. These amendments are
On 28 April 2021, the SFO published the statement of facts relating to the DPA that it agreed with Serco Geografix Limited (SGL) back in July 2019. The publication was made possible as a result of the ending of the trial of two former Serco directors, which collapsed this week as a result
On 28 April 2021 the Portuguese Presidency of the Council held a meeting of a Council working group in order to continue its legislative review of the proposed regulation on digital operational resilience for the financial sector (DORA). During the meeting, Member States discussed certain issues relating to the scope of the proposed
On 27 April 2021, the PRA issued a statement providing an update on its statement of 28 July 2020 which provided guidance on the disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
The PRA states:
On 28 April 2021, the FCA updated its webpage regarding The Digital Sandbox pilot by adding a new section on an evaluation report. The FCA explains that the report sets out the findings of the pilot, including how it accelerated the development of innovative products and solutions within financial services, as well as key lessons
On 25 February 2021, the PRA issued a statement on its website regarding an error it had identified in the Remuneration Part of the PRA Rulebook. The error related to the ‘higher paid material risk taker’ definition in Rule 1.3 in the Remuneration Part of the PRA Rulebook.
On 26 April 2021, the PRA issued