Global

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EU

  • 29 May 2024 – On 28 November 2023, the European Commission published a Delegated Regulation and an Annex which modifies Article 39 and 62 of Commission Delegated Regulation 153/2013 which supplements the European Markets Infrastructure Regulation with regard to regulatory technical standards on requirements for central counterparties. Article 39 is amended to extend the duration during which the use of public guarantees as specified in Annex I is temporarily allowed. Article 62 is amended to extend the duration during which the use of uncollateralised or partially collateralised bank guarantees is temporarily allowed. These modifications are temporary and will expire 6 months after the entry into application of the Delegated Regulation.

UK

  • 28 May 2024 – On 17 April 2024, the Payment Systems Regulator (PSR) published Consultation Paper CP24/3 on the Faster Payments System authorised push payments (APP) scams reimbursement requirement: compliance and monitoring. The deadline for responses to the consultation is 28 May 2024.
  • 29 May 2024 – On 3 April 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) published a joint consultation on their proposed approach to implementing and operating the Digital Securities Sandbox, an initiative run by the regulators that is intended to help facilitate the adoption of innovative technology in digital assets in the UK. The consultation closes on 29 May 2024.
  • 30 May 2024 – 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 5, joint PRA and FCA proposals to make changes to technical standards relating to risk mitigation techniques for over-the-counter derivative contracts not cleared by a central counterparty. The consultation closes on 30 May 2024.
  • 30 May 2024 – On 7 May 2024, the PSR published a Consultation Paper, CP24/7, on APP scams publication guidance for the second reporting cycle (January to December 2023), known as cycle 2. CP24/7 accompanies the PSR’s draft guidance on the publication of APP scams data for cycle 2 and it discusses the changes that the PSR has made to the publication guidance following cycle 1. The consultation is open until 30 May 2024.
  • 31 May 2024 – On 8 May 2024, the PSR published a Consultation Paper, CP24/8, on the CHAPS APP scam reimbursement requirement. The proposals are intended to support the BoE’s efforts to enhance fraud prevention in CHAPS. The consultation is open until 31 May 2024.
  • 31 May 2024 – On 28 November 2023, the FCA published Policy Statement 23/16 which contained a package of measures setting out its final rules and guidance on Sustainability Disclosure Requirements and investment labels. The measures included an anti-greenwashing rule for all FCA-authorised firms.  On 23 April 2024, the FCA published its finalised non-handbook guidance (FG24/3) on the anti-greenwashing rule. The guidance is intended to help firms understand and comply with the anti-greenwashing rule, which comes into force on 31 May 2024.