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Brexit Next: Legal Implications
The impact of Brexit - click here for the latest news on the impact in the financial services sector and here for a broader view for all businesses operating in, and trading with, the UK
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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
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
See more reports
Future Dates
* Estimated date
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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.
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30 June 2018
Date on which the EBA's Guidelines on internal governance under CRD IV take effect.
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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
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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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