On 25 August 2023, HM Treasury published Statutory Instruments (SI) 2023 No.937 Financial Services and Markets The Financial Services and Markets Act 2023 (Commencement No.3) (Amendment) Regulations 2023.
These Regulations are the third commencement regulations made under the Financial Services and Markets Act 2023 (the Act) and amend the Financial Services
Global businesses are operating in an ever-changing and increasingly complex regulatory landscape. It is of vital importance that these businesses can manage implementation and regulatory change programmes effectively, on a global basis.
In our latest briefing note, we set out some practical steps for firms looking to manage global implementation and change projects in rule-mapping
On 22 August 2023, Statutory Instrument 2023 No. 936 (the Financial Services and Markets Act 2023 (Commencement No.2 and Transitional Provisions) Regulations 2023) (the SI) was made. The SI contains the second set of commencement regulations made under the Financial Services and Markets Act 2023 (the Act).
The SI includes the following
On 22 August 2023, Statutory Instrument 2023 No.934 (the Financial Services Act 2021 (Commencement No.5) Regulations 2023) (the SI) was made and published. The SI contains the fifth set of commencement regulations made under the Financial Services Act 2021 (the Act).
The Act amends the Financial Services and Markets Act 2000 to provide
We have published our latest ESG updater, tracking regulatory developments in the ESG space over the last month.
Should you wish to receive the updater please contact Haney Saadah.
For further updates on regulatory developments in the ESG space please visit our Financial Services Regulatory Developments in ESG hub.
In the latest episode of our Split the difference podcast series, which explores divergence and convergence between the EU and UK regulatory regimes in the markets space, Jonathan Herbst, Hannah Meakin, Floortje Nagelkerke, Anna Carrier and Catherine Pluck discuss Consolidated Tape in the EU and UK. The episode can be found here.
On 23 August 2023, there was published in the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2023/1651 of 17 May 2023 supplementing Directive (EU) 2019/2034 (the Investment Firms Directive or IFD) with regard to regulatory technical standards (RTS) for the specific liquidity measurement of investment firms
On 23 August 2023, the Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) published a report and accompanying cover note on current central counterparty (CCP) practices to address non-default losses (NDLs).
The purpose of the report is
On 22 August 2023, the European Commission adopted a Commission Delegated Regulation amending Delegated Regulation (EU) 2016/1675 to add Cameroon and Vietnam to the list of high-risk third countries.
Article 9(2) of the Fourth Money Laundering Directive (Directive (EU) 2015/849) (MLD4) empowers the Commission to adopt delegated acts to identify ‘high-risk’ third country