Germany has become the latest country to agree on a plan to legalise recreational cannabis use among adults in a move that presents significant opportunities for investments in the EU’s largest economy. The Federal Cabinet has approved the key points paper for the legalisation, however a concrete draft law will only be presented once it
On 31 October 2022, the FCA published Handbook Notice No 103.
The Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 28 October 2022. Where relevant, it also refers to the development stages of that material, enabling readers
On 31 October 2022, the European Commission updated the technical standards to be used by financial market participants when disclosing sustainability-related information under the Sustainable Finance Disclosures Regulation.
The amendments will require financial market participants to also disclose by way of a simple graph the extent to which their portfolios are exposed to the gas
On 28 October 2022, the FCA published a new webpage on modification by consent: GEN: SYSC, TC, MIPRU, ICOBS, PROD and SUP.
The webpage outlines the following:
On 27 October 2022, the Bank of England (the Bank) published a speech by Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority, on growth and competitiveness, given at Mansion House.
In his speech, Mr Woods discusses how prudential regulation can contribute to the competitiveness of
On 27 October 2022, the European Payments Council (EPC) announced that they have published version 1.1 of the 2023 EPC SEPA Instant Credit Transfer rulebook and related document on the SCT Inst maximum amount.
This version of the rulebook replaces, with immediate effect, version 1.0 of the 2023 SCT Inst rulebook, published in
On the 28 October 2022, the European Securities and Markets Authority (ESMA) issued its public statement setting out the European common enforcement priorities (ECEP) for the 2022 annual financial reports of issuers admitted to trading on EEA regulated markets.
The recommendations in the statement will be considered by national enforcers when they monitor
On 26 October 2022, the Bank of England (the Bank) provided an update on the Data Standards Review, which has been commissioned by the Transforming Data Collection joint transformation programme being led by the Bank of England and FCA with industry. The joint transformation programme’s vision is that ‘The Bank of England and the
On 26 October 2022, there was published in the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2022/2058 of 28 February 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards on liquidity horizons for the alternative internal model approach
On 26 October 2022, there was published in the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2022/2059 of 14 June 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the technical details of back-testing and profit and