- 8 March 2023 – the Commission will publish a bank crisis management and deposit insurance
Commission publishes envisaged initiatives for H1 2023
ESMA consults on manual on post-trade transparency
On 19 January 2023, the European Securities and Markets Authority (ESMA) published a consultation paper which sets out proposals for Level 3 guidance on post trade transparency fields. The guidance takes the form of a manual.
In March 2022 ESMA published final reports which proposed amendments to Commission Delegated Regulation (EU) 2017/587 (
EBA publishes report on high earners data as of end 2021
On 19 January 2023, the European Banking Authority (EBA) published a report on high earners data as of end 2021.
Under the CRD IV and the Investment Firms Directive the EBA is required to publish aggregated data on high earners earning EUR 1 million or more per financial year. In this latest report
FSB published progress report on the implementation of G20 non-bank financial intermediation reforms
On 18 January 2023, the Financial Stability Board (FSB) published its progress report on the implementation of G20 non-bank financial intermediation (NBFI) reforms.
In 2013, the FSB working with standard-setting bodies, developed a framework and policy toolkit for strengthening the oversight and regulation of non-bank entities.
The policy framework aimed to
Commission Delegated Regulation amending and correcting RTS as regards certain transparency requirements applicable to transactions in equity instruments
On 17 January 2023, the European Commission published a Commission Delegated Regulation (EU) which amends the regulatory technical standards laid down in Delegated Regulation (EU) 2017/587 as regards certain transparency requirements applicable to transactions in equity instruments.
In particular, the Delegated Regulation seeks to harmonise the types of transactions that are considered to be non-price
Commission Delegated Regulation amending RTS as regards certain transparency requirements applicable to transactions in non-equity instruments
On 17 January 2023, the European Commission published a Commission Delegated Regulation amending the regulatory technical standards laid down in Delegated Regulation (EU) 2017/583 as regards certain transparency requirements applicable to transactions in non-equity instruments.
In particular, the Delegated Regulation seeks to harmonise the types of transactions that are considered to be non-price forming and
New Regulation Tomorrow podcast – Split the difference: Markets in EU and UK – what we should be expecting and hoping to see in 2023
In our new podcast series, Split the difference, which explores divergence between the EU and UK regimes in the markets space, Jonathan Herbst, Hannah Meakin, Anna Carrier and Floortje Nagelkerke provide an overview of what we should be expecting and hoping to see in 2023.
FCA podcast on understanding the Consumer Duty products and services outcome
- The FCA wants to see products and services designed to meet the needs of a clearly defined target
New briefing note – Digital Operational Resilience for the Financial Sector (DORA): 10 things to know
On 16 January 2023, the Regulation on digital operational resilience for the financial sector (DORA) entered into force.
As DORA is new and complex EU legislation we have published a new briefing note, Digital Operational Resilience for the Financial Sector (DORA): 10 things to know.
ESMA and NCAs to look at marketing of financial products
On 16 January 2023, the European Securities and Markets Authority (ESMA) announced that it is launching a common supervisory action (CSA) with Member State competent authorities (NCAs) on the application of MiFID II disclosure rules with regard to marketing communications across the EU.
As part of the CSA, NCAs