BANKING

FCA publishes revised guidance consultation on guarantor loans

The FCA has published a revised proposed guidance consultation (GC16/7) on guarantor loans under the requirement in section 87 of the Consumer Credit Act 1974 to serve a default notice before enforcing a guarantee or indemnity following breach of a regulated agreement. 

FCA, October 2016

EBA consultation on technical standards on MREL reporting by resolution authorities

The EBA has published a consultation on draft Implementing Technical Standards on the procedures and templates for the identification and transmission of information by resolution authorities to the EBA, on minimum requirements for own funds and eligible liabilities under Article 45(17) of the Bank Recovery and Resolution Directive. 

EBA, 24 October 2016

European Commission 2017 work programme

The European Commission has published a communication containing its work programme for 2017.

European Commission, 25 October 2016

INSURANCE PRA

consultation on reporting of national specific templates under Solvency II

The PRA has published a consultation (CP 37/16) proposing changes to the National Specific Template (NSTs) file type and reporting format. It also presents a number of reporting clarifications and technical corrections relating to the accompanying NST LOG files. Responses required by Tuesday 6 December 2016.

Bank of England: PRA, 25 October 2016

Modification by consent of Solvency II reporting rules for national specific templates

The PRA has published a modification by consent of the Solvency II reporting rules for national specific templates.

Bank of England: PRA, October 2016

PRA supervisory statement - monitoring model drift and standard formula SCR reporting for firms with an approved internal model under Solvency II

The PRA has issued a supervisory statement (SS15/16) setting out expectations of firms with an approved internal model, and its approach to monitoring model drift and the reporting of standard formula Solvency Capital Requirement (SCR) information.

Bank of England: PRA, 25 October 2016

INVESTMENTS AND FUNDS

Compromise proposal on Regulation amending EuVECA Regulation and EuSEF Regulation published by the Presidency of the Council of the EU

The Presidency of the Council of the EU has published a compromise proposal in relation to the proposed Regulation amending the European Venture Capital Funds Regulation and the European Social Entrepreneurship Funds Regulation.

Council of the European Union, 24 October 2016