On 31 October 2024, the House of Lords Financial Services Regulation Committee (the Committee) published a letter dated 2 October 2024 from Baroness Altmann regarding listed investment companies and cost disclosure.
The letter encloses a submission to the Committee which was compiled in response to evidence given by the Financial Conduct Authority (FCA
On 31 October 2024, the Prudential Regulation Authority (PRA) published a policy statement, PS17/24, setting out its responses to occasional consultation paper CP6/24 and its final policy on the areas covered. PS17/24 also includes the PRA and Financial Conduct Authority (FCA)’s joint response and policy statement (FCA PS24/13) on finalised
1 November
UK
PRA CP6/24
On 30 April 2024, the Prudential Regulation Authority (PRA) published an occasional consultation paper, CP6/24, which sets out its proposals to make minor amendments to PRA rules and to add a new rule to the Policyholder Protection Part of the PRA Rulebook. CP6/24 also includes, at Chapter
The EU Listing Act (the Listing Act), adopted by the European Parliament on April 24, 2024, introduces several significant changes to the Market Abuse Regulation (MAR) and other related financial regulations to reduce burdens on listed companies and to make public markets more attractive by simplifying regulatory requirements and reducing costs (with
On 30 October 2024, HM Treasury (HMT) published (as part of the Autumn 2024 Budget) its second post-implementation reviews of the Small and Medium Sized Business (Credit Information) Regulations 2015 and the Small and Medium Sized Business (Finance Platform) Regulations 2015.
The Small and Medium Sized Business (Credit Information) Regulations 2015 (the
On 30 October 2024, the European Supervisory Authorities (ESAs) issued a joint report that assesses both entity and product-level Principal Adverse Impact (PAI) disclosures under the Sustainable Finance Disclosure Regulation (SFDR).
The report follows a survey from Member State competent authorities (NCAs) on the current state of
On 29 October 2024, the Financial Conduct Authority (FCA) published a speech delivered by its Chief Executive, Nikhil Rathi, on ‘Rising to the occasion on private markets’.
Opportunities from the growth of private markets
In the speech, Mr Rathi notes that private markets are growing and the FCA supports this growth as
On 27 October 2024, the Taskforce on Nature-related Financial Disclosures (TNFD) issued a discussion paper which sets out draft guidance on nature transition planning for corporates and financial institutions developing and disclosing a transition plan in line with the TNFD recommended disclosures.
Focus areas
The draft guidance covers all aspects of nature apart
For those not familiar with it, let’s start with some basics. The European Union’s (EU) market abuse regime consists of two pieces of legislation, the Market Abuse Regulation (MAR), directly applicable across Member States, and the Market Abuse Directive on criminal sanctions for market abuse (CSMAD). The CSMAD essentially
On 25 October 2024, the Commission Delegated Regulation (EU) 2024/2759 relating to European long-term investment funds was published in the Official Journal of the European Union (OJ). It enters into force on the day following its publication.
The Delegated Regulation contains regulatory technical standards (RTS) guiding ELTIF managers on how to