ECON and LIBE propose motion to object to Delegated Regulation amending list of high-risk third countries under MLD4
The European Parliament's Economic and Monetary Affairs Committee (ECON) and its Committee on Civil Liberties, Justice and Home Affairs (LIBE) has published a motion for a resolution (B8-0001/2017) objecting to the proposed Delegated Regulation amending the European Commission's list of high-risk third countries under the Fourth Money Laundering Directive ((EU) 2015/849).
The Parliament is scheduled to vote on the motion in its 16 to 19 January 2017 plenary session. European Parliament, 10 January 2017
ECB market consultation on TIPS user requirements The ECB has published a consultation document setting out the user requirements for a TARGET Instant Payments Settlement (TIPS) service.
The consultation closes on 24 February 2017. The ECB will decide in June 2017 whether to develop the service. If it does decide to proceed, it expects that TIPS will be operational in November 2018.
ECB, 10 January 2017
ABI support for Government plans to reform whiplash claims
The Association of British Insurers has published a press release outlining its response to the Government consultation on implementing measures to end cash compensation for minor whiplash injuries and increase the Small Claims Limit.
ABI, 10 January 2017
INVESTMENTS AND FUNDS
ESMA publishes responses to consultation on suitability of management bodies of market operators and data reporting services providers
ESMA has published the responses it has received to its consultation paper on the guidelines on the suitability of the management bodies of market operators and data reporting services providers (DRSPs) under the MiFID II Directive (2014/65/EU). ESMA, 10 January 2017
Responses to ESMA consultation on draft RTS on package orders under MiFID II
ESMA has published the responses it has received to its consultation paper on the draft regulatory technical standards (RTS) required under Article 9(6) of the Markets in Financial Instruments Regulation (Regulation 600/2014). ESMA, 10 January 2016
IRSG report on Brexit risks
The International Regulatory Strategy Group has published a report entitled - The EU's third country regimes and alternatives to passporting – arguing that avoiding creating new barriers between the UK and the European Union is essential post-Brexit.
Professional Adviser, 10 January 2016