On 5 March 2026, the European Parliament issued a report which includes a draft legislative resolution (dated 27 February 2026) on a proposal for a Directive of the European Parliament and of the Council amending the Markets in Financial Instruments Directive II and the Critical Entities Resilience Directive as regards the extension of certain mitigating
On 5 March 2026, the European Banking Authority (EBA) issued a final report on draft Implementing Technical Standards (ITS) on the supervisory reporting of third country branches under the Capital Requirements Directive VI (CRD VI).
Background
The CRD VI introduces a new framework for third-country branches which includes regulatory
On 2 March 2026, the European Commission (Commission) launched a targeted consultation exploring how to improve private equity exit opportunities and enhance access to capital for private companies across the EU. This initiative is part of the broader EU Savings and Investments Union (SIU) strategy, which aims to deepen the EU
On 3 March 2026, the European Banking Authority (EBA) published its final report on instruments available for third country branches for unrestricted and immediate use to cover risks or losses under the Capital Requirements Directive (CRD IV).
Overview
Third country branches (TCBs) are firms that have a significant and
On 27 February 2026, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2026/482 of 24 November 2025 amending Delegated Regulation (EU) 2017/567 as regards the determination of what constitutes a liquid market for equity instruments, the obligation to provide market data on a reasonable commercial basis
On 27 February 2026, there was published in the Official Journal of the European Union (OJ), Commission Delegated regulation (EU) 2026/466 of 17 November 2025 supplementing the Undertakings for Collective Investment in Transferable Securities Directive with regard to regulatory technical standards specifying the characteristics of liquidity management tools.
Commission Delegated Regulation (EU) 2026/466
On 27 February 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/465 of 17 November 2025 supplementing the Alternative Investment Fund Managers Directive with regard to regulatory technical standards (RTS) specifying the characteristics of liquidity management tools.
Commission Delegated Regulation (EU) 2026/465 will
On February 20, 2026, the German regulator, the Federal Financial Supervisory Authority (BaFin), published the draft circular “Administrative Practice on Takeover Law” for consultation (Circular).
The new Circular is intended to make BaFin´s administrative practice more transparent and thus to facilitate the conduct of takeover-related procedures for market participants.
In particular, the Circular sets out
On 26 February 2026, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing on algorithmic trading across the EU.
The Supervisory Briefing draws on insights from a previous Common Supervisory Action on pre-trade controls, as well as supervisory experience and discussions with Member State competent authorities (NCAs).
Background
Algorithmic