On 30 September 2024, the European Banking Authority (EBA) published its work programme for 2025.
The work programme discusses the EBA’s priorities, with a brief overview of the priorities for 2025-2027 followed by a more detailed presentation of priorities for 2025. It then sets out its work under 19 activities, grouped in
On 30 September 2024, the Joint Money Laundering Steering Group (JMLSG) published revisions to Sector 18 (Wholesale markets) in Part II of its Guidance.
The revisions, which the JMLSG consulted on earlier in 2024, have been submitted to HM Treasury for Ministerial approval.
On 30 September 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) announced that the Digital Securities Sandbox (DSS) has opened for applications. The DSS is intended to reshape how the BoE and FCA regulate by allowing firms to test legislative changes in real world scenarios
On 25 September 2024, the European Union Agency for the Cooperation of Energy Regulators (ACER) published an Open Letter on the designation of representatives by non-EU market participants and on the new obligations of persons professionally arranging or executing transactions (PPAETs) as set out under the revised Regulation (EU) 1227/2011 on
On 30 September 2024, the European Commission adopted a Delegated Regulation supplementing the Regulation on markets in crypto-assets with regard to regulatory technical standards (RTS) specifying the requirements, templates and procedures for the handling of complaints relating to asset referenced tokens.
The RTS set out the handling of complaints and requirements related to
On 30 September 2024, the European Securities and Markets Authority (ESMA) issued a press release containing further details on the selection of Consolidated Tape Providers (CTPs) for bonds and for shares and exchange-traded funds (ETFs).
Key points from the communication include:
On 30 September 2024, the Single Resolution Board (SRB) issued a communication on the changes to its minimum requirements for own funds and eligible liabilities (MREL) requirements which are to be implemented in line with the Daisy Chains Act (Directive 2024/1174 amending Regulation 806/2014 (SRMR) and Directive 2014/59/EU (
On 27 September 2024, the FCA published a new webpage Repeal and replacement of assimilated law. This webpage generally republishes the FCA webpage on the replacement of retained EU law.
The Department of Justice (DOJ) announced on September 17, 2024 that it has withdrawn its 1995 Bank Merger Guidelines, effectively overhauling how it reviews M&A transactions involving banks and bank holding companies. According to the DOJ, the 2023 Merger Guidelines are its sole authoritative statement across all industries that identify the factors and
On 26 September 2024, the European Central Bank (ECB) issued a paper which outlines how the European framework for threat intelligence-based ethical red teaming – the TIBER-EU framework – can help Member State competent authorities (NCAs) and financial entities fulfil the threat-led penetration testing (TLPT) requirements in the Digital