BANKING

Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2016

The Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2016 (SI 2016/1032) has been published and comes into force on 1st December 2016.

Legislation.gov.uk, 31 October 2016

CLLS and Law Society updates MAR Q&A

An updated version of the Market Abuse Regulation Q&A has been published by the City of London Law Society and the Law Society Company Law Committees’ Joint Working Parties on Market Abuse, Share Plans and Takeovers Code.

The City of London Law Society, 28 October 2016

EBA consults on guidelines on internal governance

The EBA has published a consultation on its draft guidelines on internal governance. The consultation closes: 28 January 2017.

EBA, 28 October 2016

EBA publishes consultation responses on connected client guidelines under CRR

The EBA has published the responses it has received to its consultation on guidelines on connected clients under Article 4(1)(39) of the Capital Requirements Regulation.

EBA, 28 October 2016

Building societies lending age limits

The Building Societies Association has published an updated list of the 30 societies who have chosen to increase their upper lending criteria age limit to 80, 85 or has removed it all together.

BSA, 28 October 2016

Final migration to SEPA for non-euro countries starts today

From 31 October 2016, all euro-denominated credit transfers and direct debits initiated in non-euro SEPA countries, sent to accounts in other SEPA countries (both euro and non-euro countries), will have to be compliant with the SEPA Regulation.

EPC, 31 October 2016

INSURANCE

Broker sector consolidation continues

A number of recent broker deals, many funded by private equity firms, has raised the question of whether the sector is seeing a further wave of consolidation.

Insurance Age, 31 October 2016

INVESTMENTS AND FUNDS

Consultation: Joint ESMA and EBA guidelines on assessment of suitability of management body and key function holders

The EBA and ESMA have published a joint consultation on guidelines for the assessment of the suitability of members of the management body and key function holders under the CRD IV and MiFID II Directives.

EBA & ESMA, 28 October 2016