On 29 November 2023, the European Commission published a targeted consultation document – Selection of a unique product identifier for public transparency in over-the-counter (OTC) derivatives transactions.
The provisional agreement on the reform of the Markets in Financial Instruments Regulation…
On 29 November 2023, the European Banking Authority (EBA) published a consultation paper on draft regulatory technical standards (RTS) on the conditions for assessing the materiality of extensions and changes to the use of alternative internal models and changes to…
On 29 November 2023, the Basel Committee on Banking Supervision (Basel Committee) published a consultative document – Disclosure of climate-related financial risks.
The Basel Committee is analysing how a Pillar 3 disclosure framework for climate-related financial risks would further its…
On 29 November 2023, the FCA published Consultation Paper CP23/24 on Capital deduction for redress: personal investment firms (PIFs).
The consultation sets out the FCA’s proposals to require PIFs to be more prudent and set aside capital for potential redress…
On 28 November 2023, there was published on legislation.gov.uk The Financial Services and Markets Act 2023 (Panel Remuneration and Reports) Regulations 2023.
These Regulations, which come into force on 26 December 2023, are intended to ensure that the Financial…
On 28 November 2023, the FCA published its latest IFPR newsletter.
At the start of the newsletter the FCA refers to its earlier publication of its observations from the multi-firm review into firms’ progress in implementing the internal capital…
On 28 November 2023, the European Commission published a Delegated Regulation and an Annex which modifies Article 39 and 62 of Commission Delegated Regulation 153/2013 which supplements the European Markets Infrastructure Regulation with regard to regulatory technical standards on requirements…
October was another busy month in the financial services regulatory space. ASIC issued a number of new legislative instruments to continue the relief available under sunsetting class orders, while also removing certain notification obligations under the reportable situations regime. Interestingly,…
On 28 November 2023, a draft statutory instrument (SI) – the Data Reporting Services Regulations 2023 – was published on legislation.gov.uk, along with an explanatory memorandum. The draft SI, which is part of HM Treasury’s programme to deliver a…
On 28 November 2023, the FCA published a package of measures setting out its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels. The measures are intended to help consumers navigate the market for sustainable investment products,…
