Events listed in Asset Management
List of non-legal corrections and clarifications in the FCA Handbook
ID 21444
The Financial Conduct Authority (FCA) has published a new document on changes it has recently made to its Handbook which are NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current regulations and policies contentwise. In this particular case, the following FCA Sourcebook is concerned ...
Stewardship Code : 322 institutional investors have signed up to the Principles for ...
ID 21443
On 12 January 2023, the Financial Services Agency (FSA) published an update of its list of institutional investors who have notified the FSA of their intention to accept Japan’s Stewardship Code to promote sustainable growth of companies through investment and dialogue, counting 202 investment managers as of 31 December 2022. These Principles for Responsible Institutional Investors were published as [**Finalization of the Japan’s Stewardship ...
CONRED 4 Annex 18 Summary of scheme flow diagram [CONRED 4.1.11G]
ID 21442
Following the publication of a policy statement as regards the initiation of a consumer redress scheme for customers of the British Steel Pension Scheme which were wrongfully or poorly advised to transfer out of the scheme (please also see EventID 18571 in this context) and the subsequent correction of one of the provisions set out in the policy statement (please see EventID 19215 in ...
Corrigendum to Commission Implementing Regulation (EU) 2022/2581 of 20 June 2022 ...
ID 21441
The EU Commission has published a Corrigendum to Commission Implementing Regulation (EU) 2022/2581 in the Official Journal (OJ) of the EU. To recall, the Implementing Regulation defines the templates to be used for submitting information referred to in Articles 1 through 9 in Commission Delegated Regulation (EU) 2022/2580 in connection with an application for authorization as a credit institution in the EU. It also ...
[ESMA71-102-173] ESMA Q&As- list of questions currently under development
ID 21440
On 12 January 2023, the European Securities and Markets Authority (ESMA) published an updated version of the list containing questions received through its Q&A process. ESMA is working on developing a web-based tool to facilitate the submission of questions and the publication of questions received. Compared to the previous version, the updated version contains one new question: 1. EMIR clearing obligation (Topic „Post Trading“) ...
CP23/2: Streamlining our rules on structured digital reporting of financial ...
ID 21439
In line with the UK government’s intention to replace currently retained EU legislation and UK regulators‘ intention to streamline UK legislation to enhance transparency, competitiveness, and regulatory compliance, the Financial Conduct Authority (FCA) has now launched a new consultation (CP23/2) in this context. Specifically, the FCA proposes to implement its own regulations as regards the electronic publication and disclosure of financial reports of public ...
Oświadczenie BFG i KNF w związku z wysłuchaniem w Sejmie RP dot. Getin Noble Bank ...
ID 21438
The Polish Financial Supervision Authority, KNF, has issued a statement in connection with the forced restructuring of Getin Noble Bank S.A.. Therein, KNF primarily states that it is NOT responsible for the losses incurred by investors of „Getin Noble Bank S.A.“. Specifically, KNF notes that during the past six years, between 2016 and 2022 shortly before the forced restructuring notice, the bank incurred losses ...
Corrigendum to Commission Delegated Regulation (EU) 2022/2580 of 17 June 2022 ...
ID 21437
The EU Commission has published a Corrigendum to Commission Delegated Regulation (EU) 2022/2580 in the Official Journal (OJ) of the EU. To recall, the Delegated Regulation defines the information that shall be submitted by financial institutions when applying for authorization as a credit institution in an EU member state, including information on the financial soundness of the institution, information of its operational structure or ...
CP23/3: Financial Services Compensation Scheme – Management Expenses Levy Limit ...
ID 21436
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have launched a joint consultation (FCA CP23/3 and PRA CP1/23) on the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2023/24. The FSCS is responsible for the processing of compensation claims in case of failures of financial services firms, the recovery of funds from failed institutions, the verification ...
Millions of customers benefit as Open Banking reaches milestone
ID 21435
The UK government has published a press statement to announce the reaching of a milestone in its roadmap to open banking in the country. Specifically, six of the nine largest banks in UK – including Barclays, HSBC UK Bank plc, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander – have now completed all requirements under the roadmap to share their banking data ...