Events listed in information
Duty calls: Future-proofing finance for everyone
ID 26578
The Financial Conduct Authority (FCA) has provided an update on its key achievements and milestones reached over the past year, highlighting a range of initiatives and actions aimed at improving consumer protection, tackling online harms, and promoting competition and positive change in the financial services sector. The key achievements and milestones are briefly described below; for all of them, please refer to the original ...
Innovation and Technology Venture Fund adds one co-investment partner
ID 26576
On December 27, 2023, the Hong Kong Innovation and Technology Commission announced that it has selected a new venture capital fund (VC fund) to participate in the Innovation and Technology Venture Fund (ITVF) program which now makes it a total of 20 VC funds under the program. The ITVF is a $2 billion co-investment fund established by the Government to encourage „Venture Capital investment ...
Höchstverlustraten für durch inländische Wohnimmobilien und Gewerbeimmobilien ...
ID 26575
In einer Auslegungsentscheidung bestätigt der BaFin die Einhaltung der Höchstverlustraten für durch inländische Wohnimmobilien und Gewerbeimmobilien besicherte Risikopositionen für das Jahr 2022. Hierunter fallen die Höchstverlustraten – nach Artikel 125 Absatz 3 und Artikel 199 Absatz 3 der Verordnung (EU) Nr. 575/2013 (CRR) für mit Wohnimmobilien besicherte Risikopositionen und – nach Artikel 126 Absatz 3 und Artikel 199 Absatz 4 der Verordnung (EU) Nr. ...
Commission Regulation (EU) 2023/1803 adopting certain international accounting ...
ID 26556
A new consolidated version of Commission Regulation (EU) 2023/1803 as regards the adoption and application of international accounting standards in the EU was published in the Official Journal (OJ) of the EU. The Regulation includes the most recent amendments made by Commission Regulation (EU) 2023/2468 which implemented provisions to provide for „a temporary exception from accounting for deferred taxes (IAS 12) arising from the ...
US Department of Labor publishes transcripts of online hearing on proposed ...
ID 26538
Following an online hearing on December 12, 2023 and December 13, 2023 with respect to its ongoing consultation on proposed revisions to the definition of „investment advice fiduciary“ in its rules under the Employee Retirement Income Security Act of 1974 (EventID 23651, EventID 23960), the Employee Benefits Security Administration (EBSA) has now published the transcripts and video recordings to the hearing. – [December 12, ...
Correction Slip 1
ID 26537
On December 22, 2023, a correction slip to the new Money Laundering and Terrorist Financing (Amendment) Regulations 2023 as regards the treatment of a domestic politically exposed person (PEP) was published on legislation.gov.uk, the official UK platform for the publication of legal texts. The correction slip modifies the Explanatory Note, specifically the last paragraph of such, to read as follows – as quoted: “A ...
List of market makers and authorised primary dealers [pdf]
ID 26536
The Financial Conduct Authority (FCA) has published an updated list of UK authorized market makers and primary dealers pursuant to Article 17(13) of the retained EU Short Selling Regulation (UK SSR) which are exempt from short selling prohibitions in accordance with paragraph 1 or 3 of same regulation. A comparison with the previous list reveals that SPIRE EUROPE LIMITED (SPIRGB21) has been replaced by ...
ESG-risico’s hoog op de agenda van pensioenfondsbesturen, maar meer actie en ...
ID 26517
There’s an increasing urgency to manage ESG risks due to rapid climate change, biodiversity loss, and evolving societal norms. These pose financial risks affecting long-term investments, alongside highlighted social risks like reputational damage from ethical issues in supply chains. Therefore, the DNB has conducted a survey and on-site inspections regarding ESG risk management among 39 pension funds in April 2023. The urgency to manage ...
Council Regulation (EU) No 401/2013 concerning restrictive measures in view of the ...
ID 26515
A new consolidated version of Council Regulation (EU) No 401/2013 relating to sanctions measures in light of the situation in Myanmar/Burma was published in the Official Journal (OJ) of the EU. This consolidated version includes the modifications made by Council Regulation (EU) 2023/2694 which inserted new or modified existing provisions to disapply the terms and regulations on the freezing of funds or the making ...
Newsletter: 2023 reporting on continuing professional education
ID 26510
The FSMA published a newsletter, aimed at financial intermediaries and credit providers concerning the 2023 reporting on continuing professional education. In this context, the FSMA had previously simplified procedures for the 2022 reporting, introducing a declaration of honor. Building on this, the administrative simplification for reporting on recycling obligations in 2023 goes a step further. Notably, the need for document uploads in the Cabrio ...