France

On 7 May 2025, the European Commission (Commission) adopted a Commission Delegated Regulation (EU) amending Commission Delegated Regulation (EU) 2022/803 as regards rules of procedure for the exercise of the power to impose fines or periodic penalty payments by the European Securities Markets Authority (ESMA) with respect to consolidated tape providers…

On 2 May 2025, the European Commission (Commission) issued a call for evidence for an impact assessment on the revision of the Sustainable Finance Disclosures Regulation (SFDR).

Next steps

The deadline for responding to the call for evidence is 30 May 2025.

The call for evidence notes that stakeholders have reported…

On 7 May 2025, the European Securities and Markets Authority (ESMA) issued its Final Report containing technical advice to the European Commission (Commission) on a range of topics related to the legislative changes brought by the Listing Act in respect of the Market Abuse Regulation (MAR) and the part…

On 5 May 2025, the European Supervisory Authorities updated their consolidated questions and answers (Q&As) on the PRIIPs key information document (KID).

The Q&As contain updates on the following:

  • Market risk assessment – MRM class determination.
  • Performance scenarios.
  • Calculation of the summary cost indicators.

On 6 May 2025, the European Securities and Markets Authority (ESMA) published its response to the European Commission’s (Commission) targeted consultation document on the functioning of commodity derivative markets.

Background

On 26 February 2025, the Commission published a targeted consultation document on the functioning of commodity derivatives markets. The consultation document…

On 5 May 2025, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2025/855 of 28 January 2025 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2021/931 as regards the specification of the formula for calculating the supervisory delta of call and put options…

On 2 May 2025, the European Securities and Markets Authority (ESMA) issued a Consultation Paper on regulatory technical standards (RTS) under the Regulation on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities.

The draft RTS cover the following aspects that apply to ESG rating providers:…

On 30 April 2025, the Basel Committee on Banking Supervision (Basel Committee) revised its Principles for the Management of Credit Risk (Credit Risk Principles).

The Credit Risk Principles provide guidelines for banking supervisory authorities to evaluate banks’ credit risk management processes in four key areas: (i) establishing a suitable credit risk…

On 30 April 2025, the European Banking Authority (EBA) issued a Consultation Paper containing a draft Commission Delegated Regulation which amends Commission Delegated Regulation (EU) 2023/206 of 5 October 2022 supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards (RTS) specifying the types of factors to…