1 min read
Includes developments in relation to: CSDDD; MiCA; DORA; operational resilience; UK general election; CRR III; CRD VI; Basel III standards; securitisation; building societies reform; card-acquiring services; AI; GAP insurance; ‘pre-close’ calls; MAR; and FCA enforcement.
General
- CSDDD - Council of the EU adopts Directive
- MiCA - Commission Delegated Regulations published in Official Journal
- DORA - Commission Delegated Regulations published in Official Journal
- Operational resilience - FCA publishes webpage on insights and observations for firms
- FCA operations during the election period - FCA publishes update
Banking and Finance
- CRR III and CRD VI - European Parliament votes to adopt amending Regulation and Directive
- Securitisation Regulation - EBA publishes final guidelines on STS criteria for on-balance-sheet securitisations
- The Building Societies Act 1986 (Amendment) Bill 2023-24 receives Royal Assent
- The Securitisation (Amendment) Regulations 2024 made
- Access to cash - HM Treasury designates firms under new framework
- Supply of card-acquiring services - PSR publishes changes to Specific Directions 14, 15 and 16
Securities and Markets
- The Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) (Amendment) Order 2024 made
Asset Management
- AI in retail investment services - ESMA publishes guidance
- Alternative Investment Fund Designation Bill to make no further progress
Insurance
- GAP insurance and fair value to customers - FCA announces recommencement of sales
Financial Crime
- Sharing information during ‘pre-close calls’ - ESMA publishes reminder of rules and good practices under MAR
Enforcement
- FCA’s new approach to publicising enforcement investigations (CP24/2) - House of Lords Financial Services Regulation Committee publishes letter summarising concerns