PRA concerns over European Commission legislative proposals to amend CRR and CRD IV Directive

A letter from Sam Woods, PRA CEO, has been published by The House of Commons Treasury Select Committee. The letter, dated 19 January 2017, outlines the PRA's view on certain aspects of the European Commission's legislative proposals to amend the Capital Requirements Regulation (Regulation 575/2013) (CRR) and the CRD IV Directive (2013/36/EU).

Bank of England, PRA, 19 January 2017

PRA further statement on leverage ratio and related rule modification direction

The PRA has published a statement relating to the leverage ratio and a related rule modification direction. The statement invites firms to consent to a variation of the temporary rule modifications granted in August 2016, in relation to the exclusion of certain central bank claims from the total exposure measure for the purposes of the leverage ratio.

Bank of England, PRA, 27 January 2017


ESMA updates Q&A on the Market Abuse Regulation

ESMA has published an updated version of its Q&A on Market Abuse Regulation (MAR) on its website. The new version includes:

•Question 6 relating to managers' transactions.

•Questions 9 to 11 relating to investment recommendation and information recommending an investment strategy.

ESMA, 27 January 2017

ESMA Q&A on alternative performance measures

ESMA has published a new Q&A document on the implementation of its guidelines for issuers when presenting alternative performance measures in publicly available documents containing regulated information and in prospectuses.

ESMA, 27 January 2017


FSCC deposit protection level returns to £85,000

The amount the Financial Services Compensation Scheme (FSCS) protects for deposits in banks, building societies and credit unions has increased from £75,000 to £85,000. FSCS chief executive Mark Neale commented: "The £85,000 limit protects about 98% of the UK public.  More people will have more protection for more of their money."

Professional Adviser, 30 January 2017