On 12 April 2022, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published the results of its investigation into advertisements (reclame-uitingen) of investment firms. For its investigation, the AFM reviewed advertisements of four investment firms in the fall of 2021.
Each advertisement needs to independently comply
The month of March saw developments in relation to major legislative initiatives and regulatory consultations. Notably, the Security Legislation Amendment (Critical Infrastructure Protection) Bill 2022 passed both Houses of Parliament and Amended Regulations pertaining to both Foreign Acquisitions and Takeovers and the CCIV framework were registered. ASIC also opened up industry consultation on the AFS
To all of our global readers we would like to take this opportunity to wish you all a Happy Easter.
We will resume posting material on 26 April although if there are any significant developments we will endeavour to provide an update.
A new Regulation Tomorrow Plus episode covering HM Treasury’s response to its consultation on the UK regulatory approach to cryptoassets, stablecoins and DLT is out now to stream and download. In this episode Hannah Meakin and Albert Weatherill discuss various aspects of HM Treasury’s response including the possible impact that the proposed changes will bring
In this episode of our Beyond Sanctions series, Steve Hadwin (Director, Head of Operations – Information Governance, Privacy and Cybersecurity) and Haney Saadah (Head of Risk Consulting, EMEA) discuss the FCA’s recent announcement concerning cyber security in light of the events in Ukraine and what boards should be thinking about.
The podcast is available to
On 12 April 2022, the FCA updated its webpage on financial sanctions by adding information on making notifications to it and the Office of Financial Sanctions Implementation (OFSI).
The FCA explains that authorised firms should notify it in line with the requirements in chapter 15 of the Supervision manual (SUP 15) through the usual reporting
On 13 April 2022, the PRA issued a statement providing an update on its approach on capital arbitrage transactions.
The PRA has issued the statement as it is aware that some PRA-regulated firms have conducted, or may be considering conducting, deficit reduction transactions with their defined benefit pension schemes that are structured to limit the
On 12 April 2022, the European Securities and Markets Authority published the official translations of the guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements. The guidelines apply from six months of the date of publication of the translations.
On 13 April 2022, there was published the official translations of the European Securities and Markets Authority’s guidelines concerning delay in the disclosure of inside information and interactions with prudential supervision. The official translations can be accessed on this link and then click the blue ‘i’ in the ‘Info’ column. The guidelines apply 2 months
On 12 April 2022, the European Banking Authority (EBA) published a letter (dated 2 February 2022) that it had sent to the European Commission formally requesting new time limits for certain mandates where delays could not be avoided. The mandates relate to certain technical standards under the Capital Requirements Regulation (CRR) II, the Investment Firms