Events listed in regulation
S.I. No. 565 of 2023
ID 25973
S.I. No. 565 of 2023 was published under the long title „CENTRAL BANK (SUPERVISION AND ENFORCEMENT) ACT 2013 (SECTION 48(1))(UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES) (AMENDMENT) REGULATIONS 2023“, outlining amendments to the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1))(Undertakings for Collective Investment in Transferable Securities) Regulations 2019 (S.I. No. 230 of 2019). These amendments cover the **requirements ...
FCA 2023/39: Sustainability Labelling and Disclosure of Sustainability-Related ...
ID 25972
In view of new policy statement (PS23/16) on the disclosure requirements and labeling of sustainability-related investment products (please see EventID 24131 for a detailed description), the Financial Conduct Authority has published a corresponding instrument, FCA 2023/39: Sustainability Labelling and Disclosure of Sustainability-Related Financial Information Instrument 2023 to implement the final provisions of the policy statement. In this instrument, the FCA sets out the ch ...
Council Regulation (EU) 2023/2694 of 27 November 2023 amending certain Council ...
ID 25963
Council Regulation (EU) 2023/2694 as regards the insertion of provisions in various sanction regulations to enable humanitarian aid was published in the Official Journal (OJ) of the EU. Specifically, the regulation modifies those regulations noted under „Other regulatory spec. affected“ – all imposing asset freezing and other restrictive measures in view of human rights abuses, violence against the own population, the threatening of democracy, ...
PS23/16: Sustainability Disclosure Requirements (SDR) and investment labels
ID 25960
The Financial Conduct Authority (FCA) has published a new policy statement (PS23/16) on the disclosure requirements and labeling of sustainability-related investment products, including investment fund shares. The Policy Statement follows a corresponding consultation in 2022 (EventID 17994) aims to help investors navigate the ESG product jungle in an effort to make well informed investment decisions and to prevent greenwashing in the financial market. Specifically, ...
The Short Selling (Notification Threshold) Regulations 2023
ID 25954
The Short Selling (Notification Threshold) Regulations 2023 were recently published in the Official Journal of the UK at legislation.gov.uk. The regulations raise the threshold of reportable net short positions that must be notified to the Financial Conduct Authority (FCA) as outlined in Article 5 of the Retained Short Selling Regulation (UK SSR) from 0.1% to 0.2% of an issuer’s total issued share capital. This ...
Federal Reserve Board announces annual indexing of reserve requirement exemption ...
ID 25950
The Board of Governors of the Federal Reserve System (FED) has announced its upcoming amendments to statutory instrument 12 CFR Part 204, § 204.4 to adjust the amounts of reservable liabilities, including net transaction accounts, exempt from reserve requirements for 2024. Because the reserve ratio was set to zero at the onset of Covid-19 in 2020 (even beyond the limits), the new boundaries are actually ...
Verordnung der Finanzmarktaufsichtsbehörde (FMA) über die Berechnungsgrundlagen zur ...
ID 25947
Die FMA hat ihre Beitragsparameterverordnung 2023 veröffentlicht. Diese betrifft die Parameter, die bei der Berechnung der Beiträge zum nationalen Abwicklungsfinanzierungsmechanismus gemäß den Kriterien gemäß § 126 Abs. 5 BaSAG zu berücksichtigen sind. Des Weiteren werden darin die Berechnungsgrundlagen ausgewiesen und die Methodik zur Festlegung der angemessenen Mittelausstattung gemäß § 125 Abs. 1 BaSAG konkretisiert. In Österreich zugelassene Unternehmen müssen Beiträge zu ...
Verordnung der Finanzmarktaufsichtsbehörde (FMA), mit der die CRR-Begleitverordnung ...
ID 25941
Die FMA hat eine Verordnung veröffentlicht, mit der die CRR-Begleitverordnung 2021 geändert wird, um die Vorabgenehmigung für die Rückzahlung gekündigter Genossenschaftsanteile für das Kalenderjahr 2024 zu verlängern. Diese Verlängerung beinhaltet verschiedene Anpassungen, darunter die Änderung von Datumsverweisen in § 2 der CRR-BV 2021 von 2023 auf 2024. Speziell werden §2 Abs. 1 Z 3, Z 4 und Z 5, sowie Abs. 4 Z 1 ...
Regulatory Capital Rules: Risk-Based Capital Requirements for Depository ...
ID 25937
As announced in October 2023 (EventID 23337), the Board of Governors of the Federal Reserve System (FED) has now published in the Federal Register its final rule with respect to the capital requirements for Depository Institution Holding Companies (DIHCs) significantly engaged in insurance activities. These institutions were so far exempt from capital requirements which is why new rules were sought to enhance the resilience ...
SEC Adopts Rule to Prohibit Conflicts of Interest in Certain Securitizations
ID 25935
Following a corresponding consultation earlier this year (please see EventID 19373 in this context), the U.S. Securities and Exchange Commission has announced the adoption of a final rule to enhance the conflicts of interest requirements pertaining to securitizations. To recall, the Commission sought to implement a new rule under the Securities Act of 1933, namely 17 CFR Part 230 § 230.192, to prohibit sponsors, ...