France

On 16 April 2026, the European Commission (Commission) adopted a draft Commission Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards (RTS) specifying what constitutes an equivalent legal mechanism that ensures that a residential property under construction is completed within a reasonable…

On 16 April 2026, the European Securities and Markets Authority (ESMA) issued a call for evidence on restricted subscription and private credit ratings against the background of Regulation (EC) No 1060/2009 on credit rating agencies (CRA Regulation).

The use of restricted subscription and private credit ratings has been increasing in recent…

16 April 2026 marks the transposition deadline for AIFMD II (Directive (EU) 2024/927) which amends both the existing AIFMD (Directive 2011/61/EU) and the UCITS Directive (Directive 2009/65/EC) and harmonises rules across the EU in a number of key areas.

This news flash summarises the principal measures that local legislators shall implement as from 16 April…

On 14 April 2026, the European Securities and Markets Authority published the official translations of its guidelines on the submission of periodic information by benchmark administrators, credit rating agencies (CRAs) and market transparency infrastructures. The guidelines have applied since 1 January 2026.

The guidelines repeal and replace the guidelines on the submission of…

On 14 April 2026, the European Commission (Commission) published a draft Commission Delegated Regulation supplementing the Markets in Financial Instruments Directive II (MiFID II) with regard to regulatory technical standards (RTS) specifying the criteria to be taken into account in establishing and assessing the effectiveness of order execution policies…

On 14 April 2026, the European Central Bank (ECB) published its Eurosystem response to the European Commission’s targeted consultation on the competitiveness of the EU banking sector.

Background

The ECB sets out that its proposals in this response to the Commission’s consultation are intended to enable banks, and the financial infrastructure in which…

On 13 April 2026, the European Banking Authority (EBA) issued a report on recovery plans dry runs.

Recovery plan dry run exercises are typically designed and conducted by institutions to test and demonstrate whether the recovery plan – or selected components of it – can be implemented in a timely and effective manner…

On 13 April 2026, the European Securities and Markets Authority (ESMA) published the reporting templates and instructions for reporting under the Active Account Requirement (AAR) pursuant to the European Market Infrastructure Regulation (EMIR 3).

Background

Following the entry into force of EMIR 3 on 24 December 2024, the AAR…

On 10 April 2026, the European Banking Authority (EBA) published a decision (the Decision) (dated 1 April 2026) harmonising how national competent authorities (NCAs) report data under Regulation (EU) No 260/2012 (the SEPA Regulation).

Under Article 15(4) of the SEPA Regulation, NCAs should provide the European Commission and the…