On 31 January 2025, the European Commission issued a press release stating that it had adopted a decision to extend the equivalence for UK central counterparties for a period of three years until 30 June 2028. The extension is designed to provide time for the implementation of the European Market Infrastructure Regulation 3. The decision
January 2025
PSD2: Correction to Commission Delegated Regulation (EU) 2017/2055
On 31 January 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/212 of 13 September 2024 correcting Commission Delegated Regulation (EU) 2017/2055 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for the cooperation and exchange…
ECB FAQs on IM model approvals under EMIR 3
- In light of the European Banking Authority (EBA) opinion on the
DORA – Commission rejects draft RTS on subcontracting ICT services supporting critical or important functions
On 31 January 2025, the European Commission (Commission) published a letter (dated 21 January 2025) it had sent to the Chair of the Joint Committee of the European Supervisory Authorities (ESAs). The letter concerns the draft Delegated Regulation supplementing the Digital Operational Resilience Act (DORA) with regard to regulatory…
PSR PS25/1 – statement of policy on our CBA framework
On 30 January 2025, the Payment Systems Regulator (PSR) issued a statement of policy which explains its approach to cost benefit analysis (CBA) and how the CBA framework helps it develop policies with a positive impact.
Background
In February 2024, in anticipation of the formation of the CBA Panel, the PSR…
FCA CP25/3: Consultation on further proposals for firms operating public offer platforms
On 31 January 2025, the FCA published Consultation Paper 25/3: Consultation on further proposals for firms operating public offer platforms (CP25/3).
Background
The proposed regime for public offer platforms (POPs) is part of the new Public Offers and Admissions to Trading Regulations 2024 (POATRs), which were made in January…
FCA CP25/2: Further changes to the public offers and admissions to trading regime and the UK Listing Rules
On 31 January 2025, the Financial Conduct Authority (FCA) issued Consultation Paper 25/2: Further changes to the public offers and admissions to trading regime and the UK Listing Rules (CP25/2).
Background
The FCA’s proposals in CP25/2 are intended to further support the new Public Offers and Admissions to Trading Regulations (…
FCA Handbook Notice 126
On 31 January 2025, the Financial Conduct Authority (FCA) published Handbook Notice 126.
This Handbook Notice describes the changes that the FCA Board made to the Handbook on 30 January 2025. On that date the FCA Board approved the Collective Investment Schemes Sourcebook (Concentration Limits) Instrument 2025. In summary, this instrument, which…
The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025
On 30 January 2025, the Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations amend the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 (the DSS Regulations), to modify the effect of…
FCA announces upcoming launch of new ‘My FCA’ portal
On 30 January 2025, the Financial Conduct Authority (FCA) published its January 2025 edition of Regulatory round-up, which included the announcement of an new portal, My FCA, which will launch in spring 2025.
The My FCA portal will provide a single point of sign in for registered and authorised firms, using…