Events listed in regulation
The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations ...
ID 26375
The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 were recently published on legislation.gov.uk, the official journal of the United Kingdom. As noted in the title, the regulations make further consequential amendments to other regulations in an effort to transpose the provisions of the Financial Services and Markets Act 2023 and to repeal or replace EU retained law (REUL) so as to ...
The Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) ...
ID 26374
On December 19, 2023, the Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023 were published on legislation.gov.uk, the official UK website for the publication of legal documents. The regulations make targeted changes to retained EU legislation in relation to the capital requirements of small CRR firms and in relation to the third country benchmarks regime. Specifically, the regulations (1) ...
PS19/23 – Responses to proposed minor amendments in CP8/23, Chapter 11 of CP12/23 ...
ID 26373
The Prudential Regulation Authority (PRA) has issued a Policy Statement which responds to (parts of) three previous consultations of the Authority, namely: 1. CP8/23 – Occasional consultation paper – April 2023 which consulted on proposes changes to the definition of „accounting principles“ in the Glossary, to the definition of „participating Solvency II undertaking“ also in the Glossary, one rule in the „auditor’s section“ of . ...
FCA 2023/44: FCA Standards Instrument: The Technical Standards (Bilateral ...
ID 26362
The Financial Conduct Authority (FCA) has published a new legal instrument (FCA 2023/44) to transpose the regulatory changes noted in the FCA’s and the PRA’s joint policy statement as regards the margin requirements for non-centrally cleared derivatives (please see EventID 24491 in this context for more detailed information). Specifically, the instrument modifies Article 38 of the Retained Commission Delegated Regulation (EU) 2016/2251, a retained ...
PS23/19: Margin requirements for non-centrally cleared derivatives: Amendments to ...
ID 26360
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have jointly published a policy statement as regards the margin requirements for non-centrally cleared derivatives. The policy statement follows a corresponding consultation in July 2023 (EventID 22205) in which they sought to extend the temporary exemption from the UK bilateral margining requirement for single-stock equity and index options up to January 4, 2026. ...
The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023
ID 26359
The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 were recently published on the official journal of the UK. They serve to amend the Payment and Electronic Money Institution Insolvency Regulations 2021 (SI 2021/716) to apply the 2021 Regulations to the insolvency of payment institutions and electronic money institutions formed under the law of Northern Ireland and to institutions that are limited liability ...
The Financial Services and Markets Act 2023 (Digital Securities Sandbox) ...
ID 26358
On December 18, 2023, the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 were published on legislation.gov.uk, the official UK platform for the publication of legal texts. The regulations introduce a framework for testing the use of developing technology in the carrying on of financial market infrastructure (FMI) activities. The FMI sandbox, also known as the Digital Securities Sandbox (DSS), thereby ...
Council Regulation (EU) 2023/2873 concerning restrictive measures in respect of ...
ID 26347
New Council Regulation (EU) 2023/2873 as regards sanction measures with respect to persons and entities that threaten or undermine the safety, independence, and sovereignty of Ukraine was published in the Official Journal (OJ) of the EU. The regulation modifies Council Regulation (EU) No 269/2014 in that it – extends the grounds for sanctioning persons, entities, and bodies which are subsequently listed in Annex I ...
Council Regulation (EU) 2023/2878 concerning restrictive measures in view of ...
ID 26331
New Council Regulation (EU) 2023/2878 concerning restrictive measures with respect to Russia’s action to destabilize the situation in Ukraine was published in the Official Journal (OJ) of the EU. The regulation modifies Council Regulation (EU) No 833/2014 primarily to implement further trade restrictions or restrictions relating to the provision of ancillary services. The key provisions of the new regulation are briefly described below: ##### ...
S.I. No. 630 of 2023
ID 26327
S.I. No. 630 of 2023, the European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2023, issued under the authority of section 3 of the European Communities Act 1972 (No. 27 of 1972) has the objective to further implement Directive 2011/61/EU (AIFMD) of the European Parliament and of the Council of 8 June 2011. The regulations specifically target the **amendment of paragraph (7A) of Regulation ...