Events listed in Capital Markets
Financial sanctions, Russia
ID 26310
The Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of Russia’s action to destabilize Ukraine and threatening the sovereignty and independence of the country pursuant to Statutory Instrument SI 2019/855, the „Russia (Sanctions) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its ...
Handbook Notice 114 [pdf]
ID 26309
The Financial Conduct Authority (FCA) has published Handbook Notice 114 to summarize the latest amendments to its Handbook in accordance with the following consultations and FCA Instruments: Figure 1 – Oversight Tables ##### FCA 2023/39, CP22/20, PS23/16, EventID #24131. This instrument was published by the FCA as part of Policy Statement PS23/16 on the disclosure requirements and labeling ...
The Retained EU Law (Revocation and Reform) Act 2023 (Commencement No. 1) ...
ID 26308
The new Retained EU Law (Revocation and Reform) Act 2023 (Commencement No. 1) Regulations 2023 were published on legislation.gov.uk, the official platform for publicizing legal documents in the UK. The regulations bring into force various provisions of the Retained EU Law (Revocation and Reform) Act 2023, namely (1) Schedule 1 which contains a large list of retained direct EU legislation and subordinate legislation that ...
AFME responds to ESMA consultation on shortening settlement cycles in the EU
ID 26305
AFME has provided a response to ESMA’s CfE on the potential shortening of settlement cycles in the EU (please see EventID#23184). AFME expresses its support for moving to a T+1 settlement cycle but underscores the complexity and demands associated with such a transition. AFME emphasizes the need for careful consideration of feedback before deciding on the next steps. AFME outlines key points in its ...
Asset Purchase Facility: Gilt Sales – Market Notice 15 December 2023
ID 26303
The Bank of England (BoE) has published a new market notice to announce its plan to sell a total of £8.15 billion worth of gilts during the first quarter (Q1) of the year. Unlike in previous quarters, the sales will no longer be evenly divided across gilts within the short-term (3-7 years remaining maturity), medium-term (8-20 years remaining maturity, and long-term (beyond 20 years ...
SUP 16.31 Financial promotion approval reporting SUP 6A.1 Application and purpose
ID 26302
The Financial Conduct Authority (FCA) has published various updates to its Handbook, particularly with respect to the coming into force of policy statement (PS23/13) (EventID 22984) as regards the FCA approval of firms that themselves would like to provide the service of approving financial promotions of other non-FCA authorized firms (e.g. third country virtual asset service providers). Specifically, the FCA has updated – with ...
The EBA publishes guidance to assess the knowledge and experience of the management ...
ID 26301
EBA has released its final Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ of a credit servicer as a whole, under NPLD. These guidelines were open for consultation in April 2023 (eventid=20693) and aim to ensure that the organs of a credit servicer are suitable to carry out their duties in a competent and responsible manner. The ...
HKEX Signs Cooperation Agreement with Heilongjiang Government
ID 26299
Hong Kong Exchanges and Clearing Limited (HKEX) has published a press release to inform that the People’s Government of Heilongjiang Province and HKEX have entered into a Memorandum of Understanding (MoU) aimed at strengthening cooperation and facilitating the listing process for Heilongjiang-based companies in Hong Kong. The MOU encompasses various initiatives primarily to support Heilongjiang-based organizations, including the joint hosting of seminars on relevant ...
Russia sanctions: guidance
ID 26298
Several UK government agencies, including the Office of Financial Sanctions Implementation (OFSI), have published a revised version of their Russia sanctions guidance. With this guidance, the agencies aim to support firms in their efforts to comply with diverse Russia sanction regulations, which have been issued especially since the invasion of Ukrainian territory. The guidance thereby covers issues such as: (1) the purpose and scope ...
[ESMA80 -187-881 ] BMR Brexit Statement updated
ID 26297
ESMA has published an updated statement regarding UK-based third country benchmarks and UK endorsed and recognised benchmarks. Specifically, as the BMR transition period has been extended until 31 December 2025, EU supervised entities may use UK third country benchmarks for references and perfomance measurement purposes – even if the benchmarks are no longer in the ESMA register. The same holds true for benchmarks that ...