Events listed in information
Millions of customers benefit as Open Banking reaches milestone
ID 21435
The UK government has published a press statement to announce the reaching of a milestone in its roadmap to open banking in the country. Specifically, six of the nine largest banks in UK – including Barclays, HSBC UK Bank plc, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander – have now completed all requirements under the roadmap to share their banking data ...
Corrigendum to Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021 ...
ID 21433
A Corrigendum to Commission Delegated Regulation (EU) 2021/2268 which provides „Regulatory Technical Standards“ for designing Key Information Documents (KIDs) of Packaged Retail and Insurance-based Investment Products (PRIIPs) was published in the Official Journal (OJ) of the EU. According to the document, the title of the Delegated Regulation was thereby changed from „Commission Delegated Regulation (EU) 2021/… of 6 September 2021 amending the regulatory te ...
Fair Lending: Revised Comptroller’s Handbook Booklet and Rescissions
ID 21430
The Office of the Comptroller of the Currency (OCC) has published a revised version of its „Fair Lending“ booklet. This booklet focuses on the factors that shall be considered and incorporated in the supervisory practices of supervising staff members when monitoring or examining the lending practices of OCC supervised institutions. It thereby specifies the supervisory process and methods themselves, outlines requirements pertaining to the ...
Corrigendum to Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 ...
ID 21429
A corrigendum to Commission Delegated Regulation (EU) 2022/1288, a delegated regulation under the Sustainable Finance Disclosure Regulation (SFDR), was published in the Official Journal (OJ) of the EU. According to the document, the title of the Delegated Regulation was thereby changed from „Commission Delegated Regulation (EU) 2022/… of 6 April 2022 supplementing Regulation (EU) 2019/2088 of the European Parliament and of the Council with ...
Asset Management
information
ACER approves the new automatic maximum price limit adjustment mechanism for the ...
ID 21425
ACER approved the European electricity spot markets‘ new automated maximum price limit adjustment mechanism, that intervenes in case of price spikes. Energy supply security is ensured through optimal „short-term dispatch of generation, efficient use of interconnections and to encourage demand response.“ The updated methods will flatten the increase in day-ahead and intraday market price limits. Due to expected high energy prices, [ACER urged the ...
New consolidated version: Council Regulation (EU) 2017/1770 of 28 September 2017 ...
ID 21422
A new consolidated version of Council Regulation (EU) 2017/1770 regarding sanction measures „in view of the situation in Mali“ has been published in the Official Journal (OJ) of the EU. The regulation contains a framework for the sanctioning of persons, entities, or bodies that engage in „hostilities in violation of the Agreement on Peace and Reconciliation in Mali“, obstruct humanitarian aid in the country, ...
Portfolio letter: Wholesale brokers 2023 [pdf]
ID 21420
The Financial Conduct Authority (FCA) has published an open portfolio letter addressed at CEOs of wholesale brokers to summarize the key risks (of harm) the regulator has identified in connection with these firms and the markets they operate in and to outline its supervisory focus and expectations regarding the mitigation of these risks. According to the FCA, the key risks primarily concern the following: ...
AML/CFT controls applied to TCSP activities by certain IFMs
ID 21415
On 11 January 2023, the Commission de Surveillance du Secteur Financier (CSSF) published a press release, informing about the result of anti money laundering / combating terrorist financing (AML/CFT) controls applied to Trust and Company Service Provider (TCSP) activities by certain investment fund managers (IFMs) from November 2021 to January 2022. Back on 20 July 2020, the CSSF published its first [**ML/TF sub-sector risk ...
Market Watch 72
ID 21414
The Financial Conduct Authority (FCA) has published a new edition of its Market Watch (No. 72). This latest version primarily deals with „the quality of service provided by Approved Publication Arrangements (APAs) and Approved Reporting Mechanisms (ARMs), collectively known as Data Reporting Services Providers (DRSPs)“. Specifically, the FCA has recently conducted a survey among DRSPs and their clients which primarily are investment firms using ...
[ESMA70-449-741] Compliance table on Guidelines on delay in the disclosure of ...
ID 21410
On 11 January 2023, the European Securities and Markets Authority (ESMA) has published a first version of the compliance table (ESMA70-449-741) for its „Market Abuse Regulation (MAR) Guidelines: Delay in the disclosure of inside information and interactions with prudential supervision“. To recall, these MAR Guidelines (ESMA70-159-4966) were published in April 2022 to take effect two months from then and „provide a non-exhaustive and indicative ...