Events listed in Capital Markets
The Financial Services and Markets Act 2023 (Resolution of Central Counterparties: ...
ID 26102
On December 5, 2023, the new Financial Services and Markets Act 2023 (Resolution of Central Counterparties: Partial Property Transfers and Safeguarding of Protected Arrangements) Regulations 2023 (SI 2023/1316) were published on legislation.gov.uk, the official UK platform for publicizing legal documents. This statutory instrument is related to the implementation of a new special resolution regime for central counterparties (CCPs) outlined in [Schedule 11 of the ...
Progress on financial services legislative files
ID 26099
The Economic and Financial Affairs Council (ECOFIN) has published a revised version of its document containing „information from the Presidency concerning the state of play of legislative proposals in the field of financial services“ of 8 December 2023. It distinguishes different colour-coded stages of each file. The changes from the previous version are as follows: 1. The Council „adopted„ the final draft of the ...
HKSAR Government’s response to Moody’s announcement of change to Hong ...
ID 26097
On December 6, 2023, the rating agency Moody’s announced that it will change Hong Kong’s credit outlook from „stable“ to „negative“ while maintaining Hong Kong’s long-term issuer rating at „Aa3“, recognizing the city’s robust credit strengths, fiscal buffers, and significant reserves. In response to this announcement, the spokesman of the Hong Kong government publicly stated his disappointment about the negative outlook. I ...
MAS Publishes Code of Conduct for Providers of Environmental, Social, and ...
ID 26094
Following the launch of a public consultation on a voluntary „Code of Conduct (CoC)“ for ESG rating and data providers to implement a first set of business standards to adhere to in July this year (please see EventID 21931 in this context for more information), the Monetary Authority of Singapore, MAS, has published a corresponding consultation response. In it, MAS briefly summarizes the responses ...
Counter Narcotics Designations
ID 26093
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office announced that it has added 15 individuals and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being engaged in or supporting the trafficking of fentanyl and other illegal drugs pursuant to Executive Order 14059. The affected parties ...
Council Decision (CFSP) 2023/2721 concerning restrictive measures against serious ...
ID 26092
Council Decision (CFSP) 2023/2721 relating to EU sanction measures was published in the Official Journal (OJ) of the EU. Therein, the European Council states that the sanction measures in connection with global human rights abuses and actions against humanity as set out in Article 2 and Article 3 of Council Decision (CFSP) 2020/1999 are extended by one year, up to December 8, 2024. Accordingly, ...
Council Implementing Regulation (EU) 2023/2722 concerning restrictive measures ...
ID 26088
Council Implementing Regulation (EU) 2023/2722 in connection with sanctions based on human rights violations worldwide has been published in the Official Journal (OJ) of the EU. It amends the list of sanctioned natural and legal persons, entities and bodies set out in Annex I, Part A and B to Council Regulation (EU) 2020/1998 by **replacing the records of nine sanctioned individuals and three entities ...
The Resolution of Central Counterparties (Modified Application of Corporate Law and ...
ID 26086
On December 5, 2023, the new Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (SI 2023/1313) were published on legislation.gov.uk, the official UK platform for publicizing legal documents. This statutory instrument is related to the implementation of a new special resolution regime for central counterparties (CCPs) outlined in [Schedule 11 of the Financial Services and Markets Act 2023 ...
Haiti: New consolidated version: Council Regulation (EU) 2022/2309 concerning ...
ID 26078
A new consolidated version of Council Regulation (EU) 2022/2309 as regards sanction measures „in view of the situation in Haiti“ was published in the Official Journal (OJ) of the EU. The consolidated version contains amendments made by Council Implementing Regulation (EU) 2023/2573 which updated the records of an already sanctioned individual set out in Annex I of the 2022 Regulation. Please refer to EventID ...
Türkiye: New consolidated version of Council Regulation (EU) 2019/1890 concerning ...
ID 26077
A new consolidated version of Council Regulation (EU) 2019/1890 as regards asset freezing measures targeted at persons, entities, or bodies involved in or providing (financial) support to „unauthorized drilling activities in the Eastern Mediterranean“ was published in the Official Journal (OJ) of the EU. The consolidated version contains the amendment made by Council Regulation (EU) 2023/2507 which replaced the title of the 2019 Regulation. ...