On 11 October 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report providing an update to G20 Finance Ministers and Central Bank Governors on its analytical work of the 2023 banking turmoil. Specifically, the report provides an update on the analytical work on liquidity risk dynamics that were observed during the turmoil
On 8 October 2024, the Council of the EU announced that it has adopted the listing act, a legislative package that is intended to make EU public capital markets more attractive for EU companies and facilitate the listing of companies of all sizes, including SMEs, on European stock exchanges. Following the Council’s adoption, the
On 11 October 2024, the European Securities and Markets Authority (ESMA) issued its first consolidated report on sanctions imposed by Member State competent authorities in 2023.
In all 976 administrative sanctions and measures were taken by Member State competent authorities (NCAs).
The purpose of the report is to foster discussion among
On 11 October, the AIMA Productive Finance Working Group published an updated version of the model Long-Term Asset Fund Instrument of Incorporation and Authorised Contractual Scheme co-ownership deed, following confirmation from the Financial Conduct Authority.
On 10 October 2024, the draft Consumer Composite Investments (Designated Activities) Regulations 2024 were published (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.
The draft Regulations replace assimilated law relating to the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation, establishing a new legislative framework for
On 10 October 2024, the Technology Working Group (supported by the Investment Association) published its third and final report – Artificial Intelligence: Current and Future Usage Within Investment Management.
The Technology Working group, which is industry-led, was established to identify how the UK investment management industry could harness the potential of innovative new technologies. Its
On 10 October 2024, the Financial Conduct Authority (FCA) updated its Climate Financial Risk Forum (CFRF) webpage to add links to three new guides on key areas of climate risk: Nature-related Risk: Handbook for Financial Institutions, Short-term Scenarios, and Mobilising Adaptation Finance to Build Resilience.
The handbook on
On 9 October 2024, the European Commission adopted a Delegated Regulation supplementing the Markets in Crypto-Assets Regulation (MiCAR) with regard to regulatory technical standards (RTS) on information to be exchanged between Member State competent authorities (NCAs). The Delegated Regulation has been developed by the European Securities and Markets Authority
On 9 October 2024, the European Banking Authority (EBA) published final guidelines on the content of the redemption plan to be developed by issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs). The Guidelines are addressed to Member State competent authorities (NCAs) and issuers of ARTs and
On 9 October 2024, the Securities and Futures Commission (SFC) issued a circular (the Circular) stating its intention to place greater emphasis on the supervision of asset management firms and reminding personnel of their regulatory obligations, after it identified various deficiencies and substandard conduct in respect of the management of private