On 20 December 2022, the European Securities and Markets Authority (ESMA) published a final report on guidelines for reporting under EMIR. The guidelines aim to further enhance the harmonisation and standardisation of reporting under EMIR.
The final report contains an assessment of the feedback received from stakeholders on key elements of ESMA
On 20 December 2022, EU member states settled their negotiating positions on a proposed update of the central securities depositories regulation (CSDR). The planned review will make EU securities settlement more efficient by simplifying requirements and clarifying authorisation processes among other things.
The proposed new rules, if adopted, will clarify that it is
On 20 December 2022, the EU member states’ representatives agreed a mandate for negotiations with the European Parliament on the proposed regulation reviewing the Markets in Financial Instruments Regulation (MiFIR) and the second Markets in Financial Instruments Directive (MiFID II).
The draft regulation aims to establish a centralised database or ‘consolidated tape’ which will provide
On 19 December 2022, the European Securities and Markets Authority (ESMA) published an opinion on amendments to Commission Delegated Regulation (EU) 2017/587 (RTS 1) and Commission Delegated Regulation (EU) 2017/583 (RTS 2).
ESMA has issued this opinion in response to the European Commission’s (the EC) proposed
amendments to the regulatory technical standards
On 19 December 2022, HM Treasury published the anti-money laundering and countering the financing of terrorism (AML/CTF) supervision report 2020-22.
The report provides information about the performance of AML/CTF supervisors between 6th April 2020 – 5th April 2022 and fulfils the Treasury’s obligation, under section 51 of the Money Laundering Regulations (MLRs
On 19 December 2022, the Bank of England (the Bank) published the supervision of financial market infrastructures annual report.
The report explains that financial market infrastructure firms (FMIs) supervised by the Bank are essential to the smooth and safe operation of the UK financial system. Consequently, the Bank’s
supervision of FMIs is
On 19 December 2022 the European Union (EU) Member States agreed their position on a Proposal for a Council Regulation establishing a market correction mechanism. By means of background, the legislative proposal was published by the European Commission (“the Commission”) on 22 November 2022 (please see our blog note). While the text available
On 16 December 2022, the European Banking Authority (EBA) published a final report on the draft Implementing Technical Standards (ITS) specifying the templates to be used by credit institutions for the provision of information referred to in Article 15(1) of Directive (EU) 2021/2167 in order to provide detailed information on their
On 16 December 2022, the European Securities and Markets Authority (ESMA) updated the following Questions and Answers (Q&As):
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 16 December to endorse its finalised prudential standard on banks’ cryptoasset exposures and the Committee’s work programme and strategic priorities for 2023-24.
The standard provides that unbacked cryptoassets and