Events listed in information
ESMA to launch and participate in Common Supervisory Action on ESG disclosures for ...
ID 26228
ESMA is set to initiate a CSA in collaboration with NCAs on ESG disclosures within the framework of the BMR. This marks ESMA’s first CSA as a direct supervisor of Benchmarks Administrators. The CSA will primarily focus on evaluating compliance with ESG disclosure requirements in the BMR for supervised Benchmarks Administrators, whether located in the EU or a third country. Key areas of scrutiny ...
Consultation Paper on Proposals to Mandate Reference Checks
ID 26221
The Monetary Authority of Singapore (MAS) has published a consultation outcome paper on a consultation that was launched back in 2021 on proposed requirements to perform and respond to mandatory reference checks for certain employees of a company (please see EventID 10912 for a detailed description of the consultation). The requirements would apply to a large number of supervised firms, including brokers, fund management ...
FCA writes to firms about the treatment of retained interest on customers’ cash ...
ID 26220
The FCA has investigated 42 firms on their practices in dealing with earned interest on customers‘ cash balances, as these have risen in the last 18-24 months with the rise of the interest rates. Most of these investment platforms and SIPP operators retain part of the earned interest and additionally charge a fee for the cash, which is a practice called „double dipping“. Customers ...
EBA issues revised list of ITS validation rules
ID 26216
EBA has issued a revised list of validation rules in its ITS on supervisory reporting, thereby focusing on data fields that have been deactivated either for incorrectness or for triggering IT problems. Failure to comply with validation rules of type „error“ when submitting data to EBA will result in the file being rejected and thus the transmission not being processed. If reporting entities consider ...
Banking package close to completion
ID 26213
The last parts of Basel III will be implemented as per the „banking package“ approved in December 2023 (see eventid=24579 for details). In this light, FI plans to thoroughly analyse the impact and changes, which will be put in place starting 1 January 2025, ensuring that capital requirement is not likely to be increased immediately. Moreover, FI is taking a conservative approach and claims ...
List of market makers and authorised primary dealers [pdf]
ID 26208
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. The list is updated following a new notification; however, the FCA has the right to disallow ...
Engagement feedback on the new public offers and admissions to trading regime
ID 26204
The Financial Conduct Authority (FCA) has issued an „Engagement feedback paper“ which outlines the responses the Authority has received to a number of so-called „engagement papers“ it published earlier this year to collect views on aspects to be considered in the design of a new public offers and admissions to trading regime. — ##### Background To recall, in May and July 2023, the FCA ...
Protokoll Sonderfachgremium IT am 27.11.2023 (IT Notfallmanagement)
ID 26201
Die BaFin veröffentlicht das Protokoll der Videokonferenz des Sonderfachausschusses IT vom 27. November 2023 zum Thema „Cloud/IT-Notfallmanagement“. Das Gremium, bestehend aus Experten des Finanzsektors, erörterte detailliert die Prozesse und Verfahren zur Fortführung und Wiederherstellung zeitkritischer IT-Aktivitäten und -Prozesse, die in Kapitel 10 der BAIT/VAIT behandelt werden. Es wurde betont, dass die Diskussionsergebnisse nicht als abgeschlossener Implemen ...
Protokoll Sonderfachgremium IT am 27.11.2023 (Ausstieg)
ID 26200
Die BaFin veröffentlicht das Protokoll der Videokonferenz des Sonderfachausschusses IT vom 27. November 2023 zum Thema „Cloud/Ausstieg“, das die Herausforderungen und aufsichtsrechtlichen Anforderungen beim Ausstieg aus wesentlichen IT-Auslagerungen an Cloud-Anbieter für Banken und Versicherungen thematisiert. Der Fokus liegt auf der Erstellung und Überprüfung von Ausstiegsstrategien und -plänen, die die spezifischen Herausforderungen und Risiken des Cloud-Ausstie ...
FACT SHEET: U.S. Department of the Treasury Actions to Prevent and Disrupt ...
ID 26195
The U.S. Department of the Treasury (USDT) has published a „fact sheet“ in which it outlines its efforts in the last two years and upcoming initiatives to combat corruption and illicit finance. These efforts and initiatives focus around three key themes: – the prevention of money laundering; – holding individuals and firms accountable for their doing; and – the strengthening of global anti-corruption efforts. ...