UNITED KINGDOM: FCA Publishes list of Regulated Markets
The Financial Conduct Authority (FCA) published the List of third-country markets considered as equivalent to a UK regulated market in accordance with article 2a of UK EMIR. Please see the FCA…
NETHERLANDS: DNB Published Updated UCITS FAQs
De Nederlandsche Bank (DNB) has issued updated FAQs which provide information on whether a Dutch undertaking for collective investment (UCITS) may invest assets under management after Dec. 31, 2020 at a bank…
JERSEY: JFSC Code of Practice for AIFs
The JFSC has published Position Paper 2020 regarding consequential changes to the Code of Practice for Alternative Investment Funds and AIF Services Business Certified Funds and Fund Services Business to…
UNITED KINGDOM: Statement on use of the Temporary Transitional Power to Modify the UK’s Derivatives Trading Obligation
The UK has implemented the G20 commitment to improve over-the-counter derivatives markets by onshoring the Markets in Financial Instruments Regulation (MiFIR) derivatives trading obligation (DTO) under the EU Withdrawal Act.…
UNITED KINGDOM: Regulatory Change for Firms as Brexit Transition Period Ends
The Financial Conduct Authority (FCA) has announced that the transition period has ended, and EU law no longer applies in the UK. For many financial services businesses, this means changes…
LUXEMBOURG: Publication of CSSF Regulation No 20-09 on the Equivalence of the United Kingdom for the Purpose of the MiFIR third Country National Regime
On 24th December 2020, the Commission de Surveillance du Secteur Financier (CSSF) announced that it would like to draw the attention of the public to the publication of the CSSF…
UNITED KINGDOM: Reporting of Securities Financing Transactions under UK SFTR after the Transition Period
The Financial Conduct Authority (FCA) has published a statement explaining what Trade Repositories (TRs), and UK counterparties that use them, should do to make sure they are compliant with UK…
ITALY: New Procedure for Accessing the KIDs of the PRIIPS and Related Structured Data
The Italian Regulator, Consob, has published a new procedure for accessing documents containing key information, the so-called KID of the PRIIPs – Packaged Retail and Insurance Investment Products – was…
EUROPE: ESMA Updates Q&A on Costs and Charges
The European Securities and Markets Authority (ESMA) has updated its Questions and Answers on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID…
IRELAND: Investment Limited Partnerships (Amendment) Bill 2020
The Investment Limited Partnerships (Amendment) Bill 2020, passed in the Dáil, is set to accelerate Irish fund industry growth, help firms facilitate the green recovery, and open the door for new…