Events listed in Capital Markets
CP23/32: Improving transparency for bond and derivatives markets
ID 26410
The Financial Conduct Authority (FCA) has issued a consultation paper (CP) as part of the Wholesale Markets Review (WMR) to enhance the transparency regime for bond and derivative markets in the UK. The proposed changes address issues in the current transparency regime which was retained following UK’s exit from the EU, including the following: – (overly) broad scope: Currently, all bonds and derivatives traded ...
FINMA-Aufsichtsmitteilung 08/2023
ID 26407
Die FINMA hat eine Aufsichtsmitteilung zu Staking-Dienstleistungen veröffentlicht. Ziel ist es, Kunden vor Insolvenzrisiken zu schützen, insbesondere im Zusammenhang mit gestakten kryptobasierten Vermögenswerten. Die Mitteilung zielt darauf ab, rechtliche Unsicherheiten hinsichtlich der Verwahrung von gestakten Vermögenswerten zu klären. Ein Schwerpunkt liegt auf der Forderung, diese Vermögenswerte jederzeit für Kunden verfügbar zu halten, um im Falle einer Insolvenz ausreich ...
FINMA-Aufsichtsmitteilung zur FinfraV: Weitere Erstreckung der Übergangsfrist für ...
ID 26406
Die FINMA hat beschlossen, die Übergangsfrist für die Verpflichtung zum Austausch von Sicherheiten für nicht zentral abgerechnete OTC-Derivatgeschäfte, insbesondere Optionen auf einzelne Aktien oder Indexoptionen, zu verlängern. Diese Verlängerung erfolgt aufgrund von Rechtsentwicklungen in wichtigen Finanzplätzen wie der EU und dem Vereinigten Königreich, die ihre Übergangsfristen für den Sicherheitenaustausch bei Aktienoptionen um mindestens zwei Jahre verlängert haben. Die ...
The EBA updates the Guidelines on the specification and disclosure of systemic ...
ID 26405
EBA has updated its Guidelines on the specification and disclosure of systemic importance indicators. These guidelines are applicable to the largest institutions in the EU with a leverage ratio exposure measure exceeding EUR 200 billion. The update includes changes and clarifications related to indicators relevant for the identification process of G-SIIs. The guidelines aim to align with internationally agreed standards developed by the **BCBS ...
Russian Oil Services ban
ID 26403
The HM Treasury has published a revised version of its Russian Oil Services Ban industry guidance that was created by the Treasury itself or better its Office of Financial Sanctions Implementation (OFSI) to assist firms in their compliance with implemented sanction measures targeting the Russian Federation. Specifically, the guidance deals with the imposed ban on the import of Russian oil and petroleum (products) and ...
Commission Regulation (EU) 2023/2822 as regards International Accounting Standard 1
ID 26401
Commission Regulation (EU) 2023/2822 with respect to the applicability of international accounting standards has been published in the Official Journal (OJ) of the EU. The regulation modifies Commission Regulation (EU) 2023/1803 which sets out the international accounting standards to be applied by public companies in accordance with Regulation (EC) No 1606/2002 by revising the International Accounting Standard 1 (IAS 1) which provides standards for ...
Nałożenie kary pieniężnej na Chemoservis-Dwory SA w upadłości
ID 26400
On 27 October 2023, KNF has imposed a fine on Chemoservis-Dwory SA in the amount of PLN 500.000 for failing to submit end-of-year, mid-year and quarterly financial statements for 2018 and 2019, which is a violation of Article 56 (1) (2) (b) of the Act of 29 July 2005.
Commission Delegated Regulation (EU) 2023/2830 laying down rules on the timing, ...
ID 26399
New Commission Delegated Regulation (EU) 2023/2830 as regards the timing, administration, and other aspects of the auctioning of emission allowances under Directive 2003/87/EC, which establishes a system for greenhouse gas emission allowance trading within the European Union, was published in the Official Journal (OJ) of the EU. The regulation covers a wide range of provisions aimed at ensuring the fairness, transparency, and integrity of ...
Shortening the settlement cycle
ID 26398
EFAMA supports a timely transition to a T+1 settlement cycle for Europe in response to the ESMA Call for Evidence (eventid=23184). EFAMA acknowledges the imminent move to T1 in the US (eventid=19797, eventid=24191) and emphasizes the need for a dynamic roadmap that can be adapted based on lessons learned from the US migration. The document highlights the **potential impacts of moving to T+1 or ...
23-343MR ASIC highlights focus areas for 31 December 2023 reporting
ID 26392
In its present announcement 23-343MR, ASIC underscores the significance of considering uncertain market and economic conditions in financial reporting for the full and half-years ending 31 December 2023. Derived from Report 774 (Annual financial reporting and audit surveillance report 2022–23), key findings shape the focus areas, encompassing impairment and asset values, provisions, post-year-end events, financial report and operating and financial review (OFR) disclosures, a ...