Hannah McAslan (UK)

Firm/Organization: Norton Rose Fulbright

Blogs: Financial services: Regulation tomorrow

Latest Articles

CPMI and IOSCO share authorities´ experiences in cooperation to increase FMI safety and efficiency

By Hannah Meakin (UK) & Hannah McAslan (UK)

December 11, 2019

On 10 December 2019, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report, Responsibility E: A compilation of authorities’ experience with cooperation. The report describes ways in which authorities cooperate with each other in a variety of contexts, with particular emphasis on the expectations in Responsibility E of the Principles for financial market infrastructures. It includes effective practices which may inform authorities in their…

Financial services: Regulation tomorrow

ESMA second annual report on EMIR penalties and supervisory measures

By Hannah Meakin (UK) & Hannah McAslan (UK)

December 10, 2019

On 9 December 2019, the European Securities and Markets Authority (ESMA) published its second annual report on the supervisory measures and penalties imposed by Member State competent authorities (NCAs) under the European Market Infrastructure Regulation (EMIR). The report covers the period from January to December 2018 with a focus on NCAs’ supervisory measures and enforcement action, their powers and the interaction between NCAs and market participants when monitoring compliance with the following EMIR requirements: the…

Financial services: Regulation tomorrow

FCA Quarterly Consultation No. 26

By Hannah McAslan (UK)

December 9, 2019

On 6 December 2019, the FCA published Consultation Paper 19/33: Quarterly Consultation No. 26 (CP19/33) In CP19/33 the FCA seeks views from interested stakeholders on proposed miscellaneous changes to the following parts of the FCA Handbook: clarification of the rules relating to Financial Services Compensation Scheme claims against appointed representatives and principals (chapter 2); changes to the Listing Rules’ requirements, which cross-refer to the Prospectus Regulation, for information to be put on display (chapter 3);…

Financial services: Regulation tomorrow

40 minute briefing on 4 December – Going green: ESG reforms

By Hannah Meakin (UK), Imogen Garner (UK), Hannah McAslan (UK) & Daniel Nevzat (UK)

December 3, 2019

Our 40 minute briefing on 4 December will be a seminar, we hope to see you at our London offices. In this briefing members from our Financial Services team and Government Relations team will discuss the EU legislative measures on sustainable finance and the latest green communications from the PRA and FCA. To register your place for the briefing please click here.…

Financial services: Regulation tomorrow

Next 40 minute briefing (4 December) – Going green: ESG reforms

By Imogen Garner (UK), Hannah Meakin (UK), Daniel Nevzat (UK) & Hannah McAslan (UK)

November 26, 2019

Our next 40 minute briefing will be a seminar. In this briefing members from our Financial Services team and Government Relations team will discuss the EU legislative measures on sustainable finance and the latest green communications from the PRA and FCA. To register your place for the briefing please click here.…

Financial services: Regulation tomorrow

Next 40 minute briefing (4 December) – Going green: ESG reforms

By Imogen Garner (UK), Hannah Meakin (UK), Daniel Nevzat (UK) & Hannah McAslan (UK)

November 12, 2019

Our next 40 minute briefing will be a seminar. In this briefing members from our financial services team and Government Relations team will discuss the EU legislative measures on sustainable finance and the latest green communications from the PRA and FCA. To register your place for the briefing please click here.…

Financial services: Regulation tomorrow

COREPER approves European Parliament position on EMIR 2.2

By Hannah McAslan (UK) & Hannah Meakin (UK)

October 14, 2019

On 11 October 2019, the Council of the EU (Council) published an ‘A’ item note relating to the Permanent Representatives Committee’s (COREPER) approval of the European Parliament’s (Parliament) position on the proposed Regulation amending the EMIR supervisory regime for EU and third-country central counterparties (EMIR 2.2). The note also invites the Council to approve the Parliament’s text as set out in PE-CONS 88/19 as an ‘A’ item at a forthcoming meeting, with Luxembourg abstaining and…

Financial services: Regulation tomorrow

ESMA publishes annual report on the application of waivers and deferrals under MIFIR

By Hannah Meakin (UK) & Hannah McAslan (UK)

October 10, 2019

On 9 October 2019, the European Securities and Markets Authority (ESMA) published its annual report on the application of waivers and deferrals under MIFIR. Articles 4(4), 7(1), 9(2) and 11(1) of MIFIR mandates ESMA to monitor the application of pre-trade transparency waivers and deferred trade-publication. As part of this mandate, ESMA submits an annual report to the European Commission on how equity and non-equity waivers and deferrals regimes are applied in practice. The report includes…

Financial services: Regulation tomorrow

ESMA updates Q&As on MiFID II data reporting

By Hannah McAslan (UK)

October 8, 2019

On 7 October 2019, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on data reporting MIFIR. The updated Q&As modify the answer to question 2 on transaction reporting concerning the representation of different national client identifiers for natural persons. The updated Q&As also insert a new question and answer in section 17 on FX forward reporting under Articles 26 and 27 of MIFIR: How should a transaction carried out…

Financial services: Regulation tomorrow

ESMA opinion clarifies application of pre-trade transparency and price determination in frequent batch auctions

By Hannah McAslan (UK) & Catherine Blake (UK)

October 7, 2019

On 4 October 2019, the European Securities and Markets Authority (ESMA) published an opinion on the application of pre-trade transparency requirements by frequent batch auctions (FBA) systems and the price determination process of FBA systems. The opinion reflects the conclusions in the ESMA report on periodic auctions published in June 2019 which identified several shortcomings of FBA systems in the area of pre-trade transparency and price determination.…

Hannah McAslan (UK)

CPMI and IOSCO share authorities´ experiences in cooperation to increase FMI safety and efficiency

ESMA second annual report on EMIR penalties and supervisory measures

FCA Quarterly Consultation No. 26

40 minute briefing on 4 December – Going green: ESG reforms

Next 40 minute briefing (4 December) – Going green: ESG reforms

Next 40 minute briefing (4 December) – Going green: ESG reforms

COREPER approves European Parliament position on EMIR 2.2

ESMA publishes annual report on the application of waivers and deferrals under MIFIR

ESMA updates Q&As on MiFID II data reporting

ESMA opinion clarifies application of pre-trade transparency and price determination in frequent batch auctions

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