Regulation and compliance

On 18 June 2023, the following Delegated Regulations were published in the Official Journal of the EU (OJ):

On 14 June 2024, the Financial Stability Board (FSB) issued a press release following its Plenary in Toronto.

Key points in the press release include:

  • The Plenary discussed the progress made on the key international work following up on the March 2023 turmoil. Members look forward to the completion of this work and

On 12 June 2024, the Council of the EU issued a press release stating that it had agreed on its position on the Retail Investment Package. With this agreement, the Council is ready to engage in negotiations with the European Parliament on the final shape of the legislation.

The press release notes the following main

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

Whilst regulators and the UK government debate how best to regulate artificial intelligence (AI) to ensure that it delivers the best outcomes for consumers and markets, firms and their senior managers are already having to grapple with the governance and control frameworks required internally to enable them to be able to evidence to

In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Matthew Shanahan, Karl Masi and Hasanali Pirbhai from our Dubai office discuss recent UAE regulatory developments including the UAE’s removal from the FATF

We have published a new briefing note – The ECON Report on the proposal for an EU Retail Investment Strategy – Some small steps in the right direction, a large step towards governmental price controls for investment services.

Following an intense debate, the European Parliament (EP) accepted the proposal for an Omnibus

Global

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EU

  • 10 June 2024 – On 8 March 2024, the European Banking Authority (EBA) issued a consultation on draft guidelines on redemption plans under Articles 47 and 55 of the Markets in Crypto-Assets Regulation. The deadline for comments on the consultation is 10 June 2024.
  • 16 June 2024 – On 20