Introduction
Here is a short summary of some of the key regulatory milestones in June.
International regulatory bodies
- Closing date 30 June 2021: IOSCO issues industry surveys on conduct risks in leveraged loans and collateralized loan obligations
EU legislation and guidelines entering into force
- 26 June 2021: EU Investment Firm Prudential Regime comes into force. Please see our IFR/IFD transition hub on the NRF Institute.
- 26 June 2021: EBA guidelines on internal governance under IFD expected to apply
- 1 June and 28 June 2021: Commission Implementing Regulation laying down ITS for the application of the CRR with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities
- 28 June 2021: EBA publishes final guidelines on the conditions for the alternative treatment of “tri-party repurchase agreements” for large exposure purposes
- 28 June 2021: Commission Implementing Regulation on ITS on public disclosures under CRR published in OJ
- 28 June 2021: Majority of the provisions of the CRR II Regulation come into force
- 30 June 2021: Expiry of ESMA’s decision recognising Euroclear UK & Ireland Limited after Brexit transition period
- 30 June 2021: ESMA publishes guidelines on periodic information for trade repositories
EU consultations closing
- 1 June 2021: EBA launches public consultation on draft technical standards on Pillar 3 disclosures of ESG risks
- 1 June 2021: Commission launches call for public feedback on the environmental performance information that financial and non-financial undertakings should disclose
- 10 June 2021: EBA consults on guidance on how to grant authorisation as a credit institution
- 11 June 2021: EBA launches discussion paper on integrated reporting
- 11 June 2021: EBA launches public consultation on draft revised Guidelines on stress tests of DGSs
- 12 June 2021: EBA consults on technical elements for the implementation of the alternative standardised approach for market risk as part of its FRTB roadmap
- 17 June 2021: EBA consults on its draft guidelines for institutions and resolution authorities on improving resolvability
- 17 June 2021: EBA consults on changes to its guidelines on risk-based AML/CFT supervision
- 17 June 2021: EBA consults on its proposals for a central AML/CFT database
- 18 June 2021: EBA consults on its revised guidelines on recovery plan indicators
- 23 June 2021: Commission public consultation on instant payments
- 24 June 2021: MiFID Quick Fix: draft delegated act on ancillary activity exemption published for consultation
- 30 June 2021: ESMA consults on the framework for EU MMFs
UK legislation and regulatory rules coming into force
- 1 June 2021: Post-Brexit changes for some consumer credit firms from 1 June 2021
- 17 June 2021: UK EMIR first clearing threshold notification must be completed
UK consultations closing
- 13 June 2021: The Ring-fencing and Proprietary Trading Independent Review call for evidence for review into ring-fencing and proprietary trading
- 17 June 2021: FCA CP21/15: Benchmarks Regulation: how we propose to use our powers over use of critical benchmarks
- 18 June 2021: JMLSG publishes provisional updates to Part II Guidance Trade Finance chapter
- 21 June 2021: FCA CP21/14: Preventing claims management phoenixing
- 23 June 2021: FCA CP21/9: Changes to UK MIFID’s conduct and organisational requirements
- 25 June 2021: FCA launches consultation on a new type of fund to support investment in long-term assets
- 29 June 2021: FCA Consultation Paper 21/11: The stronger nudge to pensions guidance
- 30 June 2021: PSR seeks views on next steps for all banks to deliver confirmation of payee
Our webinars
Regulatory initiatives grid
The latest version of the regulatory initiatives grid notes a number of new publications in June including:
- FCA Consultation paper in June 2021 on climate related disclosures – asset managers, life insurers, and FCA regulated pension schemes
- FCA consultation paper in June 2021 on climate related disclosures – listed issuers
- FCA and PRA joint Discussion Paper on diversity and inclusion
