On 8 July 2026, the European Securities and Markets Authority (ESMA) issued a Final Report on the regulatory technical standards (RTS) concerning the central counterparties’ (CCPs) admission criteria elements, following the review of the European Market Infrastructure Regulation (EMIR 3).
Background
Under Article 37(7) of EMIR (as
On 8 July 2026, the European Banking Authority (EBA) published an Opinion providing guidance on how institutions can report profit or loss information during the interim period between the first application date of IFRS 18 and the first application date of the amending Implementing Technical Standards on supervisory financial reporting, which are currently
On 7 July 2026, the European Securities and Markets Authority (ESMA) published a Guidelines Compliance Table setting out which Member State competent authorities comply or intend to comply with ESMA’s guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto Assets Regulation.
On 8 July 2026, the European Securities and Markets Authority (ESMA) announced the launch of a Common Supervisory Action (CSA) focusing on the digital operational resilience of crypto-asset service providers (CASPs), with a specific emphasis on custody services. Member State competent authorities (NCAs) will carry out the
In this latest episode of our Split the Difference podcast series, where we look into regulatory divergence in the markets space, we examine the commodity derivatives regime and the growing divergence between the UK and EU frameworks focussing on five critical areas: the position limits regime, position management controls, exemptions, position reporting and the ancillary
On 7 July 2026, the European Banking Authority (EBA) published a Final Report setting out draft guidelines on the authorisation of third country branches (TCBs) in accordance with Article 48c(8) of the Capital Requirements Directive IV (CRD IV) (as amended by Directive (EU) 2024/1619 (CRD VI)).
Background
On 7 July 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/807 of 10 March 2026 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2023/206 as regards the updating of references and the alignment of terminology following amendments to the Capital Requirements
On 7 July 2026, the European Systemic Risk Board (ESRB) issued a warning (dated 25 June 2026) on systemic cyber risks stemming from frontier artificial intelligence models (FAIMs).
Warning
The warning notes that current evidence indicates that FAIMs are capable of discovering vulnerabilities, generating working exploits and autonomously executing full-scale cyberattacks
On 7 July 2026, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing on triangular passporting.
MiFID II does not explicitly cover, nor prohibit the practice of triangular passporting. Triangular passporting is the practice of authorised investment firms using a branch or tied agent established through the freedom of establishment (Article
On June 30, 2026, the German regulator, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), published the revised circular “Minimum Requirements for Risk Management “(Mindestanforderungen an das Risikomanagement (MaRisk)) after consultation. It is the ninth revision of the MaRisk.
In brief, the revised MaRisk are shorter, more principles-based