UNITED KINGDOM: Discontinuation of LIBOR
On 09th March 2020, the Financial Conduct Authority (FCA) and Bank of England published a statement regarding how the discontinuation of LIBOR may affect members and stakeholders. On February, the Financial…
LUXEMBOURG: CSSF Publish Updated FAQs on UCITS
The Commission de Surveillance du Secteur Financier (CSSF) has published the updated FAQs concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment. The following questions…
UNITED KINGDOM: FCA Begins Review on Data in Wholesale Markets
The Financial Conduct Authority (FCA) has begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future. The…
EUROPE: ESMA’s Supervision Focuses on Outstanding Credit Ratings, Data Quality and Third Country CCPs
The European Securities and Markets Authority (ESMA) has published its 2020 Supervision Work Programme, detailing the areas of focus for its supervision of Credit Rating Agencies (CRAs), Trade Repositories (TRs)…
UNITED KINGDOM: OEICs – FCA Proposals for a more Proportionate Listing Regime
The European Securities Market Authority (ESMA) has published translation to the guidelines on stress test scenarios under the MMF Regulations. The guidelines apply to competent authorities, money market funds and…
UNITED KINGDOM: FCA Encourages Firms to Develop Purposeful Cultures
The FCA have published a discussion paper on driving purposeful cultures. The paper is a set of essays which present a range of views from industry leaders, professional bodies and culture experts…
NORWAY: Deficient Management of Mutual Funds
In a class action brought by the Norwegian Consumer Council as class representative for 180 000 unitholders in three mutual funds managed by DNB Asset Management AS, the Supreme Court found,…
IRELAND: Central Bank Liquidity Questionnaire Now Available on ONR
The Central Bank of Ireland (CBI) has released the liquidity questionnaire on the Central Bank’s Online Reporting System (ONR). The questionnaire ties in with the Common Supervisory Action (CSA) on…
UNITED KINGDOM: FCA Policy Statement on Amendment of COBS 21.3 Permitted Link Rules
The Financial Conduct Authority (FCA) has published a Policy Statement (PS) setting out their responses to the feedback they received to the consultation on proposed amendments of COBS 21.3 permitted…
EUROPE: ESMA Publishes Translations to Guidelines on Stress Test Scenarios Under the MMF Regulations
The European Securities Market Authority (ESMA) has published translation to the guidelines on stress test scenarios under the MMF Regulations. The guidelines apply to competent authorities, money market funds and…