General
- New Chair elected – announced by Treasury Committee
- Regulation in a changing world – speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA
Brexit
- Access to EU financial services markets post-Brexit – European Scrutiny Committee publishes report on the government’s position on equivalence
- Financial Services (Implementation of Legislation) Bill – FMLC publishes letter to HM Treasury
- BMR SI – FMLC publishes report on legal uncertainties
- Governing law and jurisdiction clauses in financial transactions – FMLC publishes report on the application of the 2005 Hague Convention post-Brexit
- The Cross-Border Distribution of Funds, Proxy Advisors, Prospectus and Gibraltar (Amendment) (EU Exit) Regulations 2019
Banking and Finance
- Stablecoins – CPMI publishes G7 working group report on risks
- Stablecoins – FSB publishes report on regulatory issues
- CRR – European Commission launches consultation on an alternative standardised approach for market risk
- Regulatory treatment of NPE securitisations – EBA publishes Opinion
- DMFSD – EBA publishes Opinion on firms’ disclosure to consumers buying financial products through digital channels
- Working group on euro risk-free rates – ECB updates webpage
- Single Resolution Mechanism – SRB launches consultation on its Expectations for Banks document
- Goods Mortgages Bill 2019-20 – first reading in the House of Lords
- 2019 UK stress test results – Bank of England announces publication date
- Transition from LIBOR to sterling risk-free rates – Bank of England updates webpage
- Payment Protection Insurance Market Investigation Order 2011 – CMA issues directions
Securities and Market
- PRIIPs Regulation – ESAs publish Supervisory Statement on application to bonds
- EU legislative proposals on the prudential treatment of investment firms – Council of the EU publishes notes on progress
- Prudential treatment of investment firms – Council of the EU adopts text on proposed Directive and proposed Regulation
- Climate benchmarks and sustainability disclosures – Council of the EU adopts text on proposed Regulations
- MoU on benchmark cooperation arrangements – agreed between ESMA and ASIC
- Annual financial reports of listed companies – ESMA publishes enforcement priorities
- Notification obligations – FCA publishes letter on the application of SARs and STORs
- Market Watch No. 62 – published by the FCA
- Exchange tokens – FMLC publishes report on legal uncertainties
Asset Management
- FCA Feedback Statement FS19/7: Building a regulatory framework for effective stewardship
Insurance
- Call for research proposals – launched by EIOPA
Financial Crime
- AML and CTF guidance for virtual assets – FATF confirms assessment method
- AML/CTF controls in overseas jurisdictions – FATF publishes list of strategically deficient jurisdictions
- Reducing the risk of wholesale payments fraud related to endpoint security – CPMI publishes toolkit
- AML/CTF controls in overseas jurisdictions – HM Treasury updates advisory notice
Enforcement
- LIBOR manipulation – SFO concludes investigation
Contacts
Selmin Hakki (professional support lawyer)
