On 30 October 2023, the European Commission published Commission Delegated Regulation (EU) of 26 October 2023, supplementing the CCP Recovery and Resolution Regulation (CCPRRR) with regard to regulatory technical standards specifying the minimum elements to be included in a business reorganisation plan and the criteria to be fulfilled for its approval by
On 27 October 2023, the European Securities and Markets Authority (ESMA) published updated Questions and Answers (Q&As) on MiFID II and MiFIR transparency topics.
Section 5, topic 12 covering the minimum size of orders held in an order management facility for non-equity financial instruments, was deleted on 27 October 2023.
Earlier this month, members of our Financial Services Group hosted a webinar as part of our firmwide In-House Legal Forum series. The webinar is now available on demand and the On24 audience link can be found here.
The session provides an update on some of the key aspects of the Edinburgh Reforms, first announced
On 20 October 2023, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued an updated joint circular on intermediaries’ virtual asset-related activities (Joint Circular) with appendices. This Joint Circular supersedes the previous joint circular of 28 January 2022.
When the SFC formulated
On 27 October 2023, the FCA published Handbook Notice No 113.
This 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 12 September 2023, the FCA Board made changes to the FCA Handbook, as set out in the
On 27 October 2023, the text of the Economic Crime and Corporate Transparency Act 2023 was published.
Please see here for the Act.
On 27 October 2023, the Bank of England (BoE) published a speech by Jon Cunliffe, Deputy Governor for Financial Stability, delivered at the Economic of Payments XII Conference at the Federal Reserve Board. The speech is entitled, ‘Money and Payment – a ‘black ships’ moment?’.
In his speech, Mr Cunliffe makes the following
On 27 October 2023, the FCA published a new webpage: Crypto asset registration – information for applicants.
The webpage provides information on typical questions firms may have with regards to getting their registration ready, associated individuals and what happens after they have submitted their application.
A new “failure to prevent fraud” offence has been introduced as part of the Economic Crime and Corporate Transparency Act (the Act).
The Act has received Royal Assent, and although timing for implementation is unclear, it is expected that the new offence could come into force during early 2024.
This forms part of broader
In our latest Regulation Tomorrow Plus podcast Matthew Gregory and Simon Lovegrove discuss the Consumer Duty and ESG.