BANKING

FMLC report suggests ways of clarifying MAR

The Financial Markets Law Committee has published a report exploring uncertainty around the financial instruments that fall within the scope of the Market Abuse Regulation (MAR). The report considers the new EU-wide market soundings regime introduced by Article 11 of the MAR, and, in particular, analyses the terms ‘transaction’ and ‘announcement’ within the definition of market sounding. Financial Markets Law Committee, May 2017

 

INVESTMENTS AND FUNDS

New guidance urges FTSE companies to demonstrate how they act long-term to get better returns for savers and investors

The Investment Association has published new long-term reporting guidance aimed at driving change in FSTE listed companies, which will help to boost investor confidence and address falling UK productivity levels. Investment Association, 9 May 2017

 

ECON tables amendments on proposed pan-European covered bonds framework

The Committee on Economic and Monetary Affairs has issued a draft report containing amendments to the proposed pan-European covered bonds framework. A committee vote is scheduled for 19 June 2017. Committee on Economic and Monetary Affairs, 28 April 2017