Events listed in regulation
Central Bank extends knowledge and competence standards for credit unions
ID 25113
The Central Bank of Ireland, in a recent announcement dated 28 September 2023, introduced new requirements for specific activities undertaken by credit union staff. These requirements, collectively referred to as the „Standards,“ encompass the Minimum Competency Code 2017 and the Minimum Competency Regulations 2017. Importantly, these Standards will now apply to all credit union services that fall within their scope. **Credit union staff engaged ...
Commission Implementing Regulation (EU) 2023/2056 of 26 September 2023 amending the ...
ID 25091
New Commission Implementing Regulation (EU) 2023/2056 providing a revised list of stock indices that are considered to only pose general risk for an institution for purposes of calculating own funds requirements in relation to equity risk under the Capital Requirements Regulation (CRR) was published in the Official Journal (OJ) of the EU. Specifically, the new implementing regulation replaces Annex I of [Commission Implementing Regulation ...
List of non-legal corrections and clarifications in the FCA Handbook
ID 25082
The Financial Conduct Authority (FCA) has published an updated version of its List of non-legal corrections and clarifications in the FCA Handbook which contains changes the regulator has recently made to its Handbook which were NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current ...
Commission Regulation (EU) 2023/1803 of 13 August 2023 adopting certain ...
ID 25073
On September 26, 2023, new 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 modifies and subsequently repeals and replaces Regulation (EC) No 1126/2008 which sets out the international accounting standards to be applied by public companies in accordance with Regulation (EC) No 1606/2002. ...
Commission Regulation (EU) 2023/1803 of 13 September 2023 adopting certain ...
ID 25071
Following an initial publication on September 26, 2023 (EventID 23052) and a subsequent correction made via this corrigendum on September 28, 2023 (EventID 23108), the new Commission Regulation (EU) 2023/1803 as regards the adoption and application of international accounting standards in the EU was republished in the Official Journal (OJ) of the EU. As mentioned before, **the regulation modifies and subsequently repeals and replaces ...
SR-FINRA-2023-012
ID 25052
The Financial Industry Regulatory Authority, FINRA, has published on its website a proposed rule amendment (SR-FINRA-2023-012) to FINRA Rule 3110 as regards broker-dealers‘ 2024 inspection requirements that was recently filed with the U.S. Securities and Exchange Commission (SEC). Specifically, FINRA seeks (sought) to modify „Supplementary Material .17 (Temporary Relief to Allow Remote Inspections for Calendar Years 2020, 2021, 2022, and 2023)“ under FINRA R ...
SEC Adopts Rule Enhancements to Prevent Misleading or Deceptive Investment Fund ...
ID 25016
Following a corresponding consultation in May 2022 (EventID 15777), the U.S. Securities and Exchange Commission (SEC) has now announced its final rule relating to the naming of investment funds. In this rule, the SEC describes the feedback it has received to its consultation and stipulates the final provisions as they will come into force two months following the rule’s publication in the Federal Register ...
SEC Approves Revised Privacy Act Rule
ID 25014
Following a corresponding consultation in February this year (EventID 19805), the U.S. Securities and Exchange Commission has now published its final amendments to the SEC’s so-called „Privacy Act Rule“ (17 CFR Part 200 – Subpart H) which stipulates requirements as to the access to and the provision and request of information that is held by the SEC about an individual. The final modifications will ...
The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2023
ID 25004
The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2023 (SI 2023/1018) were published on legislation.gov.uk, the official site for regulatory publications. The Regulations modify Part 5, Regulation 12 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 to extend for one year the permission of specified Gibraltar financial service providers to conduct business in the UK AND vice versa under the corresponding transitional ...
National Bank Community Development Investments
ID 24986
The Office of the Comptroller of the Currency (OCC) has published in the Federal Register (FR) a final rule to modify Form CD–1—National Bank Community Development (Part 24) Investments under Statutory Instrument 12 CFR Part 24. The form needs to be used by (foreign) national banks, their subsidiaries, and national savings associations to provide an after-the-fact notice or to seek prior approval for public ...