Events listed in Capital Markets
[ESMA91-372-1704 ] Guidelines further specifying the circumstances for temporary ...
ID 23546
ESMA published the “Guidelines further specifying the circumstances for temporary restrictions in the case of a significant non-default event in accordance with Article 45a of EMIR“. The guidelines apply to competent authorities designated under EMIR and provide guidance on the actions that the competent authority may require a CCP to refrain from undertaking for a specified period, not exceeding five years. These actions include ...
Delibera n. 22721, modifiche al Regolamento di attuazione dell’art. 32-ter, ...
ID 23527
Concurrently to Resolution Consob No. 22720 (see Event 21655), Consob Resolution No. 22721 of 1 June 2023 was published, introducing modifications to the implementing regulation of Article 32-ter, paragraph 2, of the TUF, which concerns the Financial Dispute Arbitrator (ACF). The modifications aim to confirm the ACF’s jurisdiction over disputes between investors and crowdfunding service providers. This confirmation became necessary due to the repeal ...
Delibera n. 22720, adozione del Regolamento Consob in materia di servizi di ...
ID 23525
Consob has published its Resolution No. 22720 of 1 June 2023, adopting the new Consob Regulation on crowdfunding services. This regulation implements the provisions of Regulation EU 2020/1503 regarding crowdfunding service providers for businesses pursuant to articles 4-sexies.1 and 100-ter of the Consolidated Law on Finance (TUF). The new Regulation replaces the previous one on crowdfunding through online portals, adopted by Consob with Resolution ...
DNB verhoogt de contracyclische kapitaalbuffer (CCyB) van 1,0% naar 2,0%
ID 23475
The Dutch Central Bank (DNB) published a news release stating that it is increasing the countercyclical capital buffer (CCyB) from 1.0% to 2.0%. This requirement applies to all banks operating in the Netherlands, both domestic and foreign, with outstanding loans. This change will impose an additional capital charge of approximately €3.4 billion on the Dutch banking sector as a whole. **Banks must meet this ...
EBA consults on new RTS and ITS on supervisory colleges
ID 23472
EBA started a public consultation on draft RTS and ITS concerning the functioning of supervisory colleges under CRD. The proposed technical standards aim to enhance the alignment between Level 1 regulation and the Level 2 framework for supervisory colleges, promoting more efficient and effective supervision of cross-border banking groups. The updates to the RTS and ITS are primarily based on the **requirements outlined in ...
Ansøgning om tilladelse til at fungere som crowdfundingtjenesteudbyder
ID 23277
The memo summarises the important aspects for new and existing crowdfunding services providers who will be obligated to apply for operating permits to the Danish FSA. #### Requirement for permission The requirement stems from Regulation (EU) 2020/1503 requiring crowdfunding providers to obtain official permits from their national authority bodies, to increase investor protection. The existing crowdfunding firms have an extended transition period until 10 ...
Directive (EU) 2023/959 of the European Parliament and of the Council of 10 May ...
ID 23276
New Directive (EU) 2023/959 implementing significant changes to the Directive on greenhouse gas emission allowance trading (Directive 2003/87/EC) and to Decision (EU) 2015/1814 which establishes the market stability reserve and sets out corresponding operating rules was published in the Official Journal (OJ) of the EU. Directive 2003/87/EC establishes the regulatory framework for greenhouse gas emission allowance trading scheme (ETS) within the EU to promote ...
Comunicazione n. 0045269 dell’11 maggio 2023 – Quesito confermativo in ...
ID 23250
In Communication No. 0045269/23 of 11 May 2023, Consob provided clarifications regarding the „cascade“ OPA in Italy. The communication specifically addresses the correct interpretation of Article 45 of the Issuers‘ Regulation (Regolamento Emittenti) concerning Indirect Acquisition. According to Article 45, when an acquirer obtains a stake that enables them to exceed the voting rights thresholds specified in Article 106 of the TUF for a ...
Vejledning om stresstest for små og mellemstore pengeinstitutter
ID 23122
Following the introduction of a guidance on stress tests for small and medium firms (see eventid=18092), the Danish FSA has enhanced the document with the following points: – interest risk rate on bonds includes bonds both within and outside the trading book – net fee income should be considered on an individual level, as there might exist income and/or expenses, which need adjustment. If, ...
US Treasury and Monetary Authority of Singapore Conduct Joint Exercise to ...
ID 23058
The U.S. Department of the Treasury, USDT, has published a statement to inform that it has conducted a joint cross-border cybersecurity exercise from April 25, 2023 to April 27, 2023 together with the Monetary Authority of Singapore, MAS. The exercise tested the cybersecurity incidence response mechanism for information exchange that was put in place following the signing of a corresponding Memorandum of Understanding (MoU) ...