BANKING

EBA opinion responds to European Commission intention to amend the technical standards for open and secure payments under PSD2

The European Banking Authority has published an opinion in response to the European Commission's intention to amend the EBA's draft regulatory technical standards (RTS) on strong customer authentication and common and secure communication under PSD2. EBA, 29 June 2017

EBA publishes consultation on draft RTS on central contact point under revised PSD2

The EBA has published a consultation paper on draft regulatory technical standards (RTS) that specify the criteria for determining when the appointment of a central contact point, under PSD2, is appropriate and the functions they should have. Consultation closes: 29 September 2017. EBA, 29 June 2017

European Commission report on the assessment of the risks of money laundering and terrorist finance affecting the internal market and cross-border activity

The European Commission has published a report on the assessment of the risks of money laundering and terrorist financing affecting the internal market and relating to cross-border activities. European Commission, 26 June 2017

FCA Financial Advice Market Review baseline report and names firms who have participated in the Advice Unit

The FCA has published a baseline report on its Financial Advice Market Review (FAMR) and provided details of the firms who have participated in its advice unit. FCA, 30 June 2017

FCA issues information request to with-profits firms

The FCA has issued an information request to the majority of firms with with-profits business to help them carry out a multi-firm review of the sector. FCA, 30 June 2017

INSURANCE

IAIS consultation on revised draft ICPs

The International Association of Insurance Supervisors (IAIS) has launched a consultation on three revised insurance core principles (ICPs). Comments due: 29 August 2017. IAIS, 30 June 2017

IAIS consults on draft application paper on product oversight in inclusive insurance

The International Association of Insurance Supervisors (IAIS) has published a consultation on a draft application paper on product oversight in inclusive insurance. Comments due: 29 August 2017. IAIS, 30 June 2017

Insurance

Europe develops templates for PRIIPs information exchange

Insurance Europe has published two templates that aim to facilitate the exchange of information between insurers and asset managers, that is required under the PRIIPs Regulation 1286/2014), in relation to multi-option products. Insurance Europe, 30 June 2017

INVESTMENTS AND FUNDS

ESMA statement on work in relation to CFDs, binary options and other speculative products

ESMA has published a statement on preparatory work on the sale of contracts for differences (CFDs), binary options and other speculative products. ESMA, 30 June 2017

Prospectus Regulation published in the Official Journal

Regulation (EU) 2017/1129 to replace the existing Prospectus Directive and Prospectus Regulation has been published in the Official Journal. Official Journal, 30 June 2017

FSB reports on reforms to OTC derivatives markets

The Financial Stability Board has published three reports setting out progress to reforms to OTC derivatives markets. Financial Stability Board, 29 June 2017

ESMA provides market size calculations of ancillary activity under MiFID II

ESMA has published an opinion to help market participants to assess whether their commodity derivatives activities can be considered as ancillary to their main business. ESMA, 30 June 2017