Events listed in Capital Markets
VAT: New consolidated version of Council Directive 2006/112/EC on the common system ...
ID 26073
A new consolidated version of Council Directive 2006/112/EC, the VAT Tax Directive, was published in the Official Journal (OJ) of the EU. The Directive includes recent amendments made by Council Directive (EU) 2020/284 which imposes new tax-related obligations on payment service providers with respect to recordkeeping and reporting of cross-border transactions with the aim to prevent VAT tax fraud and evasion. These obligations will ...
Korea: New consolidated version of Council Regulation (EU) 2017/1509 concerning ...
ID 26072
A new consolidated version of Council Regulation (EU) 2017/1509 relating to sanction measures directed against the Democratic People’s Republic of Korea primarily for its engagement in the production of weapons of mass destruction was published in the Official Journal (OJ) of the EU. The Regulation contains amendments to Annex XIII, Annex XV, and Annex XVI – each including lists of sanctioned persons, entities, and ...
Russia-related Designations; Belarus Designations; Issuance of Belarus General ...
ID 26069
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction-related measures. Specifically, the Office added numerous individuals and entities to its Specially Designated Nationals and Blocked Persons List (SDN List) due to their support of the Belarus political regime, the commitment of human rights abuses in Belarus, the support of Russia’s war against Ukraine, or their engagement ...
CP23/27: Reforming the commodity derivatives regulatory framework
ID 26067
The FCA published the consultation paper CP23/27, titled „Reforming the commodity derivatives regulatory framework,“ presenting a set of proposals for overhauling the regulatory framework governing commodity derivatives in the UK. The primary focus areas include position limits, exemptions from those limits, position management controls, the reporting regime, and the ancillary activities test. The fundamental objective of these proposed reforms is to address the r ...
Sudan Designations; Cyber-related Designation Update; Ukraine-related Designation ...
ID 26066
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added three individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) for their engagement in activities that undermine the stability and peace in Sudan. The following persons are affected and now subject to asset freezing measures: #### Sanctioned Individual **ABBAS, ...
Sustainable Finance: FINMA setzt NGFS-Empfehlungen um
ID 26063
Die FINMA setzt Maßnahmen zur Umsetzung der Empfehlungen des “Network for Greening the Financial System“ (NGFS) um und trägt so zur besseren Verständigung und Steuerung finanzieller Risiken im Zusammenhang mit dem Klimawandel und anderen Naturveränderungen bei. Als Mitglied des NGFS integriert die FINMA schrittweise klimabezogene Finanzrisiken in ihre Aufsichtstätigkeit (eventid=19324). Die aktuellen prioritären Maßnahmen umfassen die **Entwicklung eines neuen Run ...
CFTC Issues Proposed Guidance Regarding the Listing of Voluntary Carbon Credit ...
ID 26059
The U.S. Commodity Futures Trading Commission (CFTC) has announced an upcoming consultation on a proposed Guidance on Listing VCC-Derivative Contracts. The guidance outlines specific issues that Designated Contract Markets (DCMs) should consider when contemplating the listing of Voluntary Carbon Credit (VCC) derivative contracts on their platforms. The noted issues are aimed at ensuring that VCC contracts align with regulatory standards, are less susceptible to ...
Nałożenie kary pieniężnej na Rockbridge TFI SA
ID 26057
KNF has imposed a fine on Rockbridge Towarzystwo Funduszy Inwestycyjnych SA (hereafter „Towarzystwo“) in the amount of PLN 600.000 for violating the information prospectus of the fund „Rockbridge Fundusz Inwestycyjny Otwarty Parasolowy“ managed by Towarzystwo. The investment fund had exceeded the maximum percentage of a sub-fund’s („Rockbridge Subfundusz Lokata Plus“ – currently „Rockbridge Subfundusz Obligacji Krótkotermi ...
Ukraine: BERICHTIGUNG der Verordnung (EU) 2023/427 angesichts der Handlungen ...
ID 26055
A corrigendum to the German version of Council Regulation (EU) 2023/427 setting out additional sanction measures towards Russia following its invasion of Ukraine was published in the Official Journal (OJ) of the EU. The corrigendum corrects an error in Annex VII which itself replaces Annex XXIII of Council Regulation (EU) No 833/2014 containing a list of products that are prohibited to be sold, supplied ...
Statement by Secretary of the Treasury Janet L. Yellen on Commodity Futures Trading ...
ID 26054
The Secretary of the U.S. Department of the Treasury (USDT), Mrs. Janet L. Yellen, has released a statement in view of the issuance of a proposed Guidance on Listing Voluntary Carbon Credit (VCC) Derivative Contracts by the U.S. Commodity Futures Trading Commission (CFTC) (please see EventID 24175 in this context for more information). To recall, the guidance outlines specific issues that Designated Contract Markets ...