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On 1 December 2021, the European Commission published a call for evidence regarding a review of macroprudential rules for the EU banking sector to limit systematic risk.
The Commission has issued the call to collect evidence on how the EU’s…
Continue Reading European Commission call for evidence for the EU banking sector to review macroprudential rules to limit systemic risk
On 1 December 2021, the Single Resolution Board (SRB) published guidance on solvent wind-down of derivatives and trading books in resolution. This guidance was released in line with the SRB’s Expectations for Banks (EfB) document which was published in April…
Continue Reading Solvent wind-down of trading books – SRB guidance for banks 2022
On November 24, 2021, the Government of British Columbia announced that, as of January 1, 2022, eligible employees will be entitled to five paid days of sick leave per year, pursuant to amendments to the Employment Standards Act (ESA) and…
Continue Reading Sick Day: Five Days’ Paid Leave for BC Employees Starts January 1, 2022
On 24 November 2021, the Dutch Minister of Finance submitted the Amendment Decree Financial Markets 2021 (Wijzigingsbesluit financiële markten 2021, the Amendment Decree 2021) to the Dutch Parliament (Tweede Kamer) and the Dutch Senate (Eerste Kamer). The Amendment Decree 2021…
Continue Reading Amendment Decree Financial Markets 2021 submitted to Dutch Parliament and Dutch Senate
On 30 November 2021, the Financial Conduct Authority (FCA) published Policy Statement 21/20 ‘Changes to UK MiFID’s conduct and organisational requirements’ (PS21/20).
In PS21/20 the FCA sets out its final policy position and rules on changes to the research rules…
Continue Reading FCA PS21/20 ‘Changes to UK MiFID’s conduct and organisational requirements’
On 30 November 2021, the European Commission issued a targeted consultation intended to gather evidence on the current macroprudential rules for credit institutions in line with the better regulation principles and in view of the forthcoming legislative review mandated by…
Continue Reading Commission issues targeted consultation on improving the EU’s macroprudential framework for the banking sector
On 30 November 2021, the European Commission published Commission Delegated Regulation (EU) of 29.11.2021 amending Delegated Regulation (EU) 2019/815 as regards the 2021 update of the taxonomy laid down in the regulatory technical standards on the single electronic reporting format…
Continue Reading Commission Delegated Regulation amending Delegated Regulation 2019/815 as regards the 2021 update of the taxonomy laid down in the RTS on the single electronic reporting format
On 30 November 2021, the European Payments Council published the second version of Single Euro Payments Area (SEPA) Request-To-Pay (SRTP) Scheme Rulebook, which is based on the comments received in response to a three-month public consultation on the proposed…
Continue Reading SEPA Request-To-Pay Scheme Rulebook
On 30 November 2021, the European Commission adopted a corrigendum concerning Commission Decision C(2021)4858 final of 6 July 2021 on the adoption of the answers to be provided to questions submitted by the European Supervisory Authorities under Article 16b(5) of…
Continue Reading Corrigendum to Commission Decision C(2021)4858 final of 6 July 2021 on the adoption of the answers to be provided to questions submitted by the ESAs
On 30 November 2021, the Financial Conduct Authority (FCA) published Consultation Paper 21/33 ‘Regulatory fees and levies proposals for 2022/23’ (CP21/33). In CP21/33 the FCA sets out proposed policy changes to the way in which it will raise FCA…
Continue Reading FCA consults on regulatory fees and levies for 2022/23
