March 2023

On 31 March 2023, the European Securities and Markets Authority issued a press release announcing that it had updated the following Q&As on:

  • Benchmarks Regulation.
  • EMIR implementation.
  • DLT Pilot Regulation.
  • MiFID II and MiFIR transparency topics.
  • MiFIR data reporting.
  • SFTR data reporting.

On 31 March 2023, the European Banking Authority (EBA) published the following documents intended to challenge unwarranted de-risking and safeguard access to financial services to vulnerable customers:

On 31 March 2023, the European Securities and Markets Authority (ESMA) published a public statement on the derivative trading obligation (DTO) in the context of the migration of credit default swap (CDS) contracts out of ICE Clear Europe.

The objective of this statement is to support the orderly migration

On 27 March 2023 both SIFMA and AFME submitted letters of comment to the US Securities and Exchange Commission (the SEC) responding to the SEC’s Release No. 33-11151 proposing new Rule 192 (Rule 192), seeking to implement a prohibition as required by Section 27B of the Securities Act of 1933 (as inserted

On 30 March 2023, the Government published the 2023 Green Finance Strategy.

The Green Finance Strategy represents the latest policy blueprint developed by HM Treasury, the new Department for Energy Security and Net Zero, and the Department for Environment, Food and Rural Affairs, aimed at seizing the opportunities and managing the financial risks arising

On 30 March 2023, the FCA published a statement on the application of the derivatives trading obligation (DTO) to certain credit default swaps (CDS). The statement relates to the cessation of clearing for all classes of CDS contracts from 27 October 2023, announced by ICE Clear Europe in September 2022. The

On 30 March 2023, HM Treasury published a Consultation Paper on the future regulatory regime for environmental, social and governance (ESG) ratings providers. The consultation sets out a proposed policy approach for bringing ESG ratings providers into the UK regulatory perimeter, as part of the government’s updated Green Finance Strategy.

In the Consultation