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The clearer view on financial services regulation

RegZone provides you with expert analysis and daily news from the fast-changing world of European financial institution regulation.  Created by CMS regulatory lawyers for those working in banking and finance, insurance, funds and asset management and securities and derivatives.  Sign up here for events, news digest and alerts (relevant to your areas of interest).

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Latest Reports

  • European Parliament, Strasbourg

    The week in outline: The week was dominated by the debates in the HoC and amendments to the EU (Withdrawal) Bill. UK Parliamentary committees continue to raise issues in the FS sector. In our last update, we looked at the UK’s position during the proposed transition period under the draft ...

  • Europe from space

    The week in outline: Verena Ross of ESMA has emphasised that Brexit requires ESMA to strengthen the Capital Market Union and reform third country treatment. This begs the question whether the EU is toughening its third country regime in financial services as a negotiation strategy and a failsafe against a ...

  • EU flag

    On 22 May 2018, the European Securities and Markets Authority (“ESMA”) adopted two decisions implementing temporary product intervention measures. These decisions restrict the marketing, distribution and sale of contracts for difference (“CFDs”) and binary options to retail clients in the European Union. These decisions only apply for a period of ...

  • Euro notes & coins

    The Belgian government recently endorsed a series of legal initiatives jointly tabled by the Minister of Economic Affairs and the Minister of Finance. One of the main objectives is to make it easier for SMEs to raise funds through public offerings. A company wishing to raise less than EUR 5 ...

  • Europe from space

    This week in outline: There has been speculation as to how the UK proposals for financial services might evolve in the light of continued opposition from the EU. This has rekindled the debate about the UK as a ‘rule-taker’. A speech from the ECB has explained the central bankers’ perspective ...

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RegZone Toolkit

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Future Dates

* Estimated date

  • 30 June 2018

    Date on which EBA/ESMA Guidelines on the assessment of the suitability of members of the management body and key function holders under CRD IV and MiFID II take effect.

  • 30 June 2018

    Date on which the EBA's Guidelines on internal governance under CRD IV take effect.

  • 30 June 2018

    Date by which EIOPA is to submit first draft RTS under Article 10(7) of the IDD, relating to adapting certain amounts in euro, to the European Commission.

News Wizard

  • 22/06/2018

    ESMA: Speech by Steven Maijoor: MiFID II implementation – achievements and current priorities

    ESMA: Speech by Steven Maijoor: MiFID II implementation – achievements and current priorities
    News Date:
    22/06/2018
    News Text:
    Text of Steven Maijoor's speech, given on 21 June 2018, follows. Specific areas covered include: the double volume cap mechanism; the systematic internaliser regime; bond liquidity; market data issues; tick size regime and the need for a third country regime for trading venues in MiFID II.
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  • 22/06/2018

    HMT: Speech by Philip Hammond

    HMT: Speech by Philip Hammond
    News Date:
    22/06/2018
    News Text:
    Text of Philip Hammond's Mansion House speech given on 21 June 2018 follows. Philip Hammond discusses aspects of Brexit and financial services, saying " although I have heard talk of ‘enhanced equivalence’, I have not yet seen a credible proposal for what it might mean or a clear articulation of how it might work. So, as of tod...
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  • 22/06/2018

    Law Commission/Scottish Law Commission: Insurable Interest Bill

    Law Commission/Scottish Law Commission: Insurable Interest Bill
    News Date:
    22/06/2018
    News Text:
    The Law Commission and the Scottish Law Commission have today published for consultation updated draft legislation. The intention is to broaden the concept of insurable interest, with a particular focus on life insurance, accident and health cover. Proposed amendments include: confirming in law that pension trustees and other ...
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  • 22/06/2018

    EC: MiFID ancillary activity test

    EC: MiFID ancillary activity test
    News Date:
    22/06/2018
    News Text:
    ESMA has published the text of a letter from Valdis Dombrovskis, which responds to the regulator's request for clarification with regard to Article 2(1)(j) of MiFID.
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  • 22/06/2018

    EBA: Online Interactive Single Rulebook and Q&A tools

    EBA: Online Interactive Single Rulebook and Q&A tools
    News Date:
    22/06/2018
    News Text:
    EBA has updated the Rulebook and Q&A tool to include PSD2.
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