1 min read
Includes developments in relation to: data sharing; AI regulation; SDR; instant transfers in euro; RTGS; MiFID II; MiFIR; ESG ratings; EMIR 3; CCP resolution; MAR; AIFMD; UCITS; Solvency II; and non-financial misconduct.
General
- Facilitating data sharing and re-use - European Parliament publishes report on proposed Regulation
- Pro-innovation approach to AI regulation - UK Government publishes consultation response
- SDR and investment labels regime - FCA publishes webpage
- Approach to cost benefit analysis - FCA and PSR publish documents
Banking and Finance
- Instant transfers in euro - European Parliament votes to adopt new rules
- Enhancing Real-Time Gross Settlement - Bank of England publishes discussion papers
Securities and Markets
- Proposed Directive and Regulation to improve MiFID II market data access and transparency - Council of the European Union publishes texts
- Proposed Regulation on ESG rating activities - Council of the European Union and the European Parliament reach provisional agreement
- EMIR 3 - Council of the European Union and the European Parliament reach provisional agreement
- Withdrawal of recognition as third-country CCP under EMIR - ESAs Board of Appeal confirms ESMA’s decision
- CCP resolution regime - ESMA publishes guidelines
- Requirements under MAR and posting investment recommendations on social media - ESMA issues warning
Asset Management
- Proposed Directive amending AIFMD and UCITS Directive - European Parliament adopts proposed Directive
Insurance
- Provisional equivalence of US under Solvency II - European Commission publishes consultation
- Non-financial misconduct - FCA issues survey for Lloyd's and London market intermediaries and managing general agents
Financial Crime
- Reducing and preventing financial crime - FCA outlines areas of focus
Enforcement
- Nvayo Limited v The Financial Conduct Authority [2024] UKUT 00035 (TCC)