This month's roundup of developments affecting banks, wealth managers, brokers and funds saw publication by ESMA of its consultation paper on the remaining draft implementing technical standards under MiFID II. Whilst in enforcement news the High Court has imposed penalties totalling £7,570,000 in the Financial Conduct Authority's case against Da Vinci Invest Ltd.

General Developments

  • Investment Association and AFME agree share-dealing code
  • IBA second position paper on evolution of LIBOR
  • IOSCO's consultation responses on good practices on reducing reliance on credit rating agencies in asset management

To view the summaries in full, click here  Investments & Funds  

  • SMA consultation on review of EMIR standards relating to CCP client accounts
  • ESMA updates waivers from MiFID pre-trade transparency requirements
  • ECB publishes ESCB report on the access of CCPs to central bank liquidity facilities under EMIR
  • Joint Committee of ESAs second discussion paper responses on key information documents for PRIIPs
  • Responses to Commission services consultation on EMIR implementation
  • EACB response to the EC public consultation on EMIR
  • ESMA publishes four reports on how the EMIR framework has been functioning
  • IOSCO final report on post-trade transparency in credit default swaps market
  • FMLC letter to European Commission on draft RTS on risk mitigation techniques for OTC derivative contracts not cleared by CCP under EMIR
  • FCA MiFID II implementation roundtable minutes
  • ESMA consultation responses on draft RTS on CSDR
  • Provisional version of Delegated Regulation on IRS clearing under EMIR published
  • ESMA Final Report: Technical advice under CSD Regulation
  • EC reports on exercise of delegation of powers - UCITS IV and AIFMD
  •  ESMA consultation on MIFID II standards regarding trading suspensions, data service providers and derivatives reporting    

To view the summaries in full, click here

Enforcement & Financial Crime

  • Financial Conduct Authority v Da Vinci Invest Ltd [2015] EWHC 2401 (Ch)
  • Pension Ombudsman finds in favour of Hargreaves Lansdown Vantage SIPP

To view the summaries in full, click here