BANKING

EPC publishes response to EBA consultation on RTS specifying the requirement on strong customer authentication and secure communication under PSD2

The European Payments Council has published its response to the EBA's consultation on draft regulatory technical standards (RTS) on strong customer authentication and common and secure communication under the Directive on payment services in the internal market. 

European Payments Council, 21 October 2016

FCA regulation round-up October 2016

The FCA has published its regulation round-up email which it sends to all regulated firms with news affecting the sector.

FCA, October 2016

Alasdair Smith speech on the expected impact of the CMA’s banking investigation

The Competition and Markets Authority has published a speech given by Alasdair Smith, CMA Inquiry Chair, at the Beesley Lectures.

Competition and Markets Authority, October 2016

CML - Gross mortgage lending reaches £20.5 billion in September

The Council of Mortgage Lenders has estimated that gross mortgage lending reached £20.5 billion in September, 7% lower than August and 2% higher than September 2015. 

Council of Mortgage Lenders, October 2016

PSR announces chair for new Payment System Operator Delivery Group

The Payment Systems Regulator has announced the membership of a Payment System Operator (PSO) Delivery Group to oversee the proposed consolidation of Bacs, Faster Payments Service and Cheque and Credit Clearing Company.

The Payment Systems Regulator, 21 October 2016

INSURANCE

EC Implementing Regulation amending ITS on templates for submission of information to supervisory authorities under Solvency II published

Commission Implementing Regulation (EU) 2016/1868 amending Implementing Regulation (EU) 2015/2450, laying down implementing technical standards (ITS) with regard to templates for the submission of information to supervisory authorities under the Solvency II Directive has been published in the Official Journal. 

Official Journal of the European Union, 21 October 2016

INVESTMENTS AND FUNDS

European Parliament does object to Regulation supplementing the PRIIPs regulation regarding product intervention

The European Parliament has decided not to object to the Commission Delegated Regulation supplementing the Regulation on key information documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs) in relation to product intervention.

European Parliament, 21 October 2016

MAR corrigendum published

corrigendum to the Market Abuse Regulation has been published in the Official Journal. 

Official Journal of the EU, 21 October 2016

ESMA publishes guidelines on market soundings and delayed disclosure of inside information under MAR

ESMA has published final guidelines under the Market Abuse Regulation in relation to the following:

ESMA, October 2016