On 29 October 2024, the European Banking Authority (EBA), in cooperation with the other European Supervisory Authorities, issued a short survey addressed to entities within the scope of the initial margin (IM) model authorisation regime introduced by the upcoming revised European Market Infrastructure Regulation (EMIR 3).
Background
EMIR 3
On 29 October 2024, the Glasgow Financial Alliance for Net Zero (GFANZ) launched consultations on Nature in Net-zero Transition Plans and on Index Guidance to Support Real-Economy Decarbonisation. It also published a report setting out Case Studies on Transition Finance and Decarbonisation Contribution Methodologies.
Consultation on Nature in Net-zero Transition Plans
On 28 October 2024, the Financial Services and Markets Act 2023 (Commencement No. 8) Regulations 2024 were made and published on legislation.gov.uk.
These Regulations are the seventh commencement Regulations made under the Financial Services and Markets Act 2023 (FSMA 2023).
The explanatory note to the Regulations provide further information on those provisions of
In March the UK Financial Conduct Authority (FCA) published its business plan for 2024/25. When discussing market oversight, in keeping with its recent drive to become more data-driven, the regulator stated that it intends to carry out increased market monitoring of fixed income and commodities markets and is increasing its ability to detect
It has been a busy couple of weeks for payments regulation – the go-live of the APP scam reimbursement rules, the FCA feeding back on its findings related to implementation of the Consumer Duty by payments firms and the FCA’s publication of its proposed new framework for safeguarding. The safeguarding proposals are particularly interesting –
Introduction
On the 7 October, 2024 the Payment Systems Regulator (the ‘PSR’) landmark reform to tackle authorised push payment (‘APP’) fraud came into force.
Whilst some of the uncertainty surrounding scope of application of the measures has begun to settle, many will now be questioning what role the FOS will play in relation to related
In the latest Global Regulation Tomorrow Plus episode, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss some of the key issues concerning the UK regime for payment for order flow.
Listen to the episode here.
On 28 October 2024, the European Securities and Markets Authority (ESMA) issued a consultation paper setting out proposed amendments to the research provisions in the Markets in Financial Instruments II (MiFID II) Delegated Directive (Commission Delegated Directive (EU) 2017/593).
Background
At present, Article 24(9a) of MiFID II and Article 13 of