General
- ESFS omnibus proposal - outcome of recent meeting published
- ESFS omnibus proposal - procedure files updated with indicate plenary sitting date
- Sustainable finance - procedure files updated to show indicative plenary sitting dates
- Draft Domestic Abuse Bill - definition of domestic abuse extended to include economic abuse - published by Home Office and the Ministry of Justice
- Independent review of the FOS - reviewer updates Treasury Committee
- FCA Consultation Paper CP19/4 - Optimising the SMCR and feedback to DP16/4: Overall responsibility and legal function
Brexit
- Draft Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 - laid before Parliament
- Draft Financial Conglomerates and Other Financial Groups (Amendment etc.) (EU Exit) Regulations 2019 - laid before Parliament
- Draft Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 - laid before Parliament
- Draft Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 - laid before Parliament
- Draft Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 - laid before Parliament
- Draft Securitisation (Amendment) (EU Exit) Regulations 2019
- Draft Money Market Funds (Amendment) (EU Exit) Regulations 2019 - laid before Parliament
- Draft Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 - laid before Parliament
- The Competition (Amendment etc.) (EU Exit) Regulations 2019
- Regulators’ temporary transitional powers in a no-deal Brexit - HM Treasury sets out government proposal and updated SI
- ESFS omnibus proposal and Regulation on low carbon and positive carbon impact benchmarks - considered by the House of Commons European Scrutiny Committee
- ISDA Brexit FAQs - updated to the position as at 31 December 2018
Banking and Finance
- European Deposit Insurance Scheme - Eurogroup announces working group
- Fallback provisions in new contracts for euro-denominated cash products - ECB working group publishes guiding principles
- Card-acquiring services - PSR publishes final terms of reference for market review
- Dolye v PRA Group (UK) Ltd
Securities and Markets
- MiFID II/MIFIR - ESMA updates commodity derivatives transitional transparency calculations
- MiFID II/MiFIR - ESMA publishes opinions on commodity derivative position limits
- MiFID II - FCA intends to carry out work on product governance and research unbundling
- FCA Consultation Paper CP19/3: Guidance on cryptoassets
- CCP best practices - ISDA publishes guidance
Asset Management
- Cross-border distribution of collective investment funds - European Parliament publishes erratum to ECON report
- Cross-border distribution of collective investment funds - procedure files updated with indicative plenary sitting dates
Insurance
- Solvency II - ECON expresses concerns over review of the solvency capital requirement
- Pan-European pension product - procedure file updated to show indicative plenary sitting date
- Covered Agreement between the UK/US - published by the Foreign & Commonwealth Office
- British Steel Pension Scheme - The Pensions Regulator publishes review and the FCA, the Pensions Regulator and the SFGB publish joint statement and protocol
- ePrivacy Regulation - Insurance Europe publishes position paper
Financial Crime
- Draft Contingent Reimbursement Model Code - APP Scams Steering Group publishes consultation responses
- Sanctions screening - Wolfsberg Group publishes guidance
Enforcement
- Obstructing merchants’ access to cross-border card payment services - European Commission fines MasterCard €570,566,000
- SFO v Tesco Stores Ltd - DPA and statement of facts published
- Television advertisement for a credit card - ASA upholds complaint for failure to display RAPR
Contacts
Elizabeth Prentice (professional support lawyer)
