Securities & derivatives

Reports, news and data relating to the securities & derivatives sector.

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The Market Abuse Regulation (596/2014) (MAR) and Directive on criminal sanctions for insider dealing and market manipulation (2014/57/EU) (CSMAD), were adopted in July 2014. In June 2016, the legislative package giving effect to MiFID II postponement (including amendments to MiFIR, MAR, and CSDR) was published in the OJ. On 3 July 2016 MAD II entered into force. Provisions in MAR that refer to organised trading facilities (OTFs), small and medium-sized enterprises (SME) growth markets, emission allowances or auctioned products based on those allowances, do not apply until 3 January 2018

Latest Reports

  • City, London

    The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and ...

  • Glass sky

    Will Dibble (CMS Partner, UK) and Michael Cavers (CMS Partner, UK) held a seminar on PRIIPs Key Information Document requirements.

    Please click on the link in the title to download the PDF version of the seminar slides.

  • Europe from space

    With the start of negotiations on the future EU/UK relationship, RegZone is launching a weekly update on Brexit developments for financial services firms. The weekly updates provide analysis and commentary on significant developments during the week in question. The updates will be supplemented by occasional thematic reports. A daily digest ...

  • circuit board

    On 9 April 2018, the Financial Conduct Authority (FCA) published its Business Plan 2018/19 (link), in which it identified cryptocurrencies as one of its cross-sector priorities for the year ahead. Shortly before, on 6 April 2018, the FCA also published a statement on cryptocurrency derivatives and their regulatory status under ...

  • ABC

    The Fifth EU Anti Money Laundering Directive provides for the first time for the inclusion of exchange platforms for virtual currencies and digital wallet providers in the group of obliged entities under money laundering law. In addition, new requirements are imposed on the group of obliged entities. This concerns, among ...

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Agency Database

Future Dates

* Estimated date

  • *Spring 2018

    Bank of England suggests Shari'ah compliant deposit facility may be in place by this period. This follows from the April 2017 BoE consultation on Shari'ah compliant liquidity facilities.

  • 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.

  • 21 July 2018

    Money Market Fund Regulation enters into force and effect from this date.