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FCA March regulation round-up

On 26 March 2019, the FCA published its March regulation round-up. The regulation round-up summarises recent and ongoing work the FCA is conducting over a variety of areas. Amongst other things, the FCA notes that it will not switch over its IT systems to replace the European Securities and Markets Authority’s MiFID systems on the … Continue Reading

The Uncertificated Securities (Amendment and EU Exit) Regulations 2019

On 26 March 2019, the Uncertificated Securities (Amendment and EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) … Continue Reading

The Securitisation (Amendment) (EU Exit) Regulations 2019

On 26 March 2019, the Securitisation (Amendment) (EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) on our … Continue Reading

The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019

On 26 March 2019, the Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as … Continue Reading

The Payment Accounts (Amendment) (EU Exit) Regulations 2019

On 26 March 2019, the Payment Accounts (Amendment) (EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) on … Continue Reading

The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019

On 26 March 2019, the Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain … Continue Reading

The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019

On 26 March 2019, the Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) on … Continue Reading

The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019

On 26 March 2019, the Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 were made and published on legislation.gov.uk, together with an explanatory memorandum. Our earlier blog addressing the content of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit … Continue Reading

Mortgage Credit (Amendment) (EU Exit) Regulations 2019

The Mortgage Credit (Amendment) (EU Exit) Regulations 2019 have been made and published on legislation.gov.uk together with an explanatory memorandum. Our earlier blog on the purpose of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) on our Brexit Pathfinder … Continue Reading

Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 have been made and published on legislation.gov.uk together with an explanatory memorandum. Our earlier blog on the purpose of these Regulations is here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) … Continue Reading

No deal Brexit: BoE exempted entity under MAR Delegated Regulation

On 22 March 2019, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2019/463 of 30 January 2019 amending the Securities Financing Transaction Regulation (SFTR) with regard to the list of exempted entities. The Delegated Regulation amends the SFTR by adding to the list of exempted entities the Bank of … Continue Reading

No deal Brexit: BoE exempted entity under MAR Delegated Regulation

On 22 March 2019, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2019/461 of 30 January 2019 amending Delegated Regulation (EU) 2016/522 as regards the exemption of the Bank of England and the UK debt management office from the scope of the Market Abuse Regulation (MAR). The Delegated Regulation … Continue Reading

No deal Brexit scenario: Commission Delegated Regulation amending EMIR with regard to the list of exempted entities

On 22 March 2019, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2019/460 of 30 January 2019 amending the European Markets Infrastructure Regulation (EMIR) with regard to the list of exempted entities. The Bank of England and public bodies charged with or intervening in the management of the public … Continue Reading

No deal Brexit scenario: FCA to introduce UK Benchmarks Register

On 22 March 2019, the FCA announced that it has developed a new UK Benchmarks Register. The new register will replace the European Securities and Markets Authority’s (ESMA) register for UK supervised users, and UK and third-country based benchmark administrators that want their benchmarks to be used in the UK.   On exit day the … Continue Reading

No deal Brexit scenario: BoE exempted from MiFIR pre- and post-trade transparency requirements

On 22 March 2019, there was  published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2019/462 of 30 January 2019 amending Delegated Regulation (EU) 2017/1799 as regards the exemption of the Bank of England from the pre- and post-trade transparency requirements in MiFIR. The Delegated Regulation amends Delegated Regulation (EU) 2017/1799 by … Continue Reading

European Council (Article 50) Conclusions

On 21 March 2019, European Council (Article 50) published their conclusions, following a meeting discussing the UK’s request to extend the Article 50 process. The key conclusions are as follows: the European Council approves the instrument supplementing the draft Withdrawal Agreement agreed at Strasbourg on 11 March 2019; if the Withdrawal Agreement is approved by … Continue Reading

EBA template for no-deal Brexit MoU with FCA and PRA

On 20 March 2019, the European Banking Authority (EBA) published a press release announcing that it has agreed a template for the memorandum of understanding (MoU) outlining provisions of supervisory cooperation and information exchange between the EU supervisory authorities and the UK PRA and FCA. The template will serve as the basis for bilateral MoUs that … Continue Reading

FCA Primary Market Bulletin No 22

On 20 March 2019, the FCA published its 22nd Market Bulletin. In this Bulletin, the FCA advises on key changes to the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules that will be applicable if the UK leaves the EU on 29 March 2019 without an implementation period. Namely, the UK … Continue Reading
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