The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024. The objective of the Trusts Bill is to replace the Trusts Act 1973 (Qld) (the Act) with modernised and simplified trusts legislation and is aimed at enhancing and streamlining the law of trusts in Queensland
On 9 August 2024, the European Banking Authority (EBA) published a final report containing draft implementing technical standards (ITS) amending Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions to be applied in the EU for the reporting referred to in Article 78(2) of the Capital Requirements
On 9 August 2024, the Financial Conduct Authority (FCA) published Consultation Paper 24/17: Enhancing the National Storage Mechanism (CP24/17).
Background
The National Storage Mechanism (NSM) is the FCA’s online free-to-use archive of company information, which includes regulated information disclosed by or in relation to regulated market issuers in accordance
On 8 July 2024, there was published in the Official Journal of the EU, a Corrigendum to Commission Implementing Regulation (EU) 2024/1618 of 6 June 2024 amending Implementing Regulation (EU) 2021/763 laying down implementing technical standards for the application of the Capital Requirements Regulation and the Bank Recovery and Resolution Directive with regard to the
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On 8 August 2024, the Financial Conduct Authority (FCA) published Consultation Paper CP24/16: The Value for Money Framework. In CP24/16, the FCA is consulting on detailed rules and guidance for a new value for money (VFM) framework for savers invested in default arrangements of workplace defined contribution (DC)
The growth of the UK gambling market, in particular online, has brought with it new opportunities for exploitation by criminals. Awareness of the way in which criminals may seek to use operators to launder the proceeds of crime and robust controls to prevent this is therefore key. As part of our Financial Crime Spotlight series
In our latest Global Regulation Tomorrow Plus podcast, Matthew Gregory, Joe Bamford and Anita Edwards share their thoughts on the FCA’s call for input (launched on 29 July 2024) on its review of its requirements following the introduction of the Consumer Duty.
Listen to the episode here.
On 7 August 2024, the European Commission (Commission) published frequently asked questions (FAQs) intended to clarify the interpretation of certain provisions on sustainability reporting introduced by the Corporate Sustainability Reporting Directive.
The FAQs also include a limited number of clarifications concerning the interpretation of certain provisions of the first set of
On 7 August 2024, the European Banking Authority (EBA) published a report setting out its findings following a fact finding exercise on the creditworthiness assessment (CWA) practices of non-bank lenders.
Fact finding
Working with Member State competent authorities and a sample of 125 non-bank lenders, and using a reference period between