BANKING

HM Treasury response to consultation on introducing a pensions advice allowance

On 3 February 2017, a response was published by HM Treasury to its August 2016 consultation on introducing a pensions advice allowance.

HM Treasury, 3 February 2017

FMLC letter on Brexit and transitional arrangements

A letter has been published by the Financial Markets Law Committee containing comments about the UK's financial services industry in the context of the UK's withdrawal from the EU.

FMLC, 3 February 2017

CMA issues guide on Payday Lending Market Investigation Order 2015 to payday lenders

A guide for payday lenders has been published by the CMA discussing the rights and obligations created by the Payday Lending Market Investigation Order 2015.

CMA, 3 February 2017

Delegated Regulation on RTS on benchmarking portfolio assessment standards under CRD IV published in OJ

The Official Journal of the EU has published Commission Delegated Regulation regarding regulatory technical standards on benchmarking portfolio assessment standards and assessment sharing procedures under the CRD IV Directive.

Official Journal of the EU, 3 February 2017

INVESTMENTS AND FUNDS

ESMA 2017 work programme for credit rating agencies, trade repositories and third country CCPs

ESMA's 2016 annual report and work programme was published on 3 February 2017, which relates to its supervision of credit rating agencies and trade repositories, and its monitoring of third country central counterparties.

ESMA, 3 February 2017

Corrigendum to Delegated Regulation on RTS on risk mitigation techniques for uncleared OTC derivative contracts under EMIR

The Official Journal of the EU has published a corrigendum to Commission Delegated Regulation which supplements EMIR with regulatory technical standards on risk mitigation techniques for uncleared OTC derivative contracts under Article 11(15) of EMIR.

Official Journal of the EU, 3 February 2017

Council endorses EMIR delegated regulations

A recommendation has been made by the General Secretariat of the Council of the European Union that the Council confirm that it has no objection to two delegated regulations adopted by the European Commission in connection with Regulation (EU) 648/2012 (EMIR).

European Parliament, 3 February 2017