Global

  • 18 June 2024 – On 17 April 2024, the Financial Stability Board published a consultation report that sets out policy recommendations to enhance the liquidity preparedness of non-bank market participants for margin and collateral calls in centrally and non-centrally cleared derivatives and securities markets (including securities financing such as repo). The deadline for comments on the consultation report is 18 June 2024.

EU

  • 19 June 2024 – On 30 May 2024, two Commission Delegated Regulations supplementing the Regulation on digital operational resilience for the financial sector (DORA) were published in the Official Journal of the EU (OJ). The Delegated Regulations supplement DORA in relation to the following topics: (1) The criteria for the designation of ICT third-party services providers as critical for financial entities. (2) The amount of the oversight fees to be charged by the Lead Overseer to critical ICT third-party service providers and the way in which those fees are to be paid. The Delegated Regulations will enter into force on 19 June 2024.
  • 19 June 2024 –  On 30 May 2024, four Commission Delegated Regulations supplementing the Regulation on markets in cryptoassets (MiCAR) were published in the OJ. The Delegated Regulations supplement MiCAR in relation to the following topics: (i) Criteria for classifying asset-referenced tokens (ARTs) and e-money tokens (EMTs) as significant. (ii) The fees charged by the European Banking Authority (EBA) to issuers of significant ARTs and issuers of significant EMTs. (iii) The procedural rules for the exercise of the power to impose fines or periodic penalty payments by the EBA on issuers of significant ARTs and issuers of significant EMTs. (iv) The criteria and factors to be taken into account by the European Securities and Markets Authority, the EBA and competent authorities in relation to their intervention powers. The Delegated Regulations will enter into force on 19 June 2024.

UK

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