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10/06/2019
1. FCA/AFM: JOINT AGREEMENT FCA and the Dutch Authority for the Financial Markets (AFM) met on 3 June 2019 and have signed a joint agreement of cooperation (the text of which has not been published). FCA notes that, in addition to building cooperation and information sharing post-Brexit, the agreement also ...
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29/05/2019
1. PRA: Speech by Sam Woods: Stylish regulation Text of this speech, given on 16 May 2019 follows, in which Sam Woods considers the UK system of regulation post-Brexit, including comparing the UK and EU approaches to regulation. He sets out six principles for an effective regulation framework and suggests ...
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10/05/2019
1. HoC European Scrutiny Committee: 64th Report of Session 2017-19 Section 7 of the report discusses recent developments with regard to the powers of the EU’s supervisory authorities. Although the matter is no longer under scrutiny by the Committee, it has referred the matter to the attention of TSC. The ...
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29/04/2019
1. FCA: THE FUTURE OF FINANCIAL CONDUCT REGULATION A speech delivered by Andrew Baily on 23 April 2019 discussing, amongst other things, Brexit. The full speech can be accessed here. “Our regulatory landscape can be viewed as comprising two spaces, an EU and a non-EU one. By this I mean ...
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18/04/2019
In outline: On 11th April the EU published the text of the decision of the European Council in response to the UK’s request for a further extension of the Article 50 notice period (see Document 1 below and the UK acceptance at Document 2 below). The decision provides a second ...
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09/04/2019
In outline: The flow of Brexit related FS publications has slowed as we await the outcome of the UK’s application for a further extension of the Article 50 notice period (see Other publications below) and the special European Council on 10 April. The House of Commons European Scrutiny Committee published ...
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01/04/2019
In outline: This was due to be the week of the UK's departure from the EU and, despite the postponement of Brexit, there was a flurry of activity to complete the financial services (FS) regulatory regime for a no-deal scenario (the ND regime). Most of the measures were on the ...
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29/03/2019
On 25 March 2019, the Law Decree no. 22 (the “Decree”) on urgent measures to guarantee the continuity of the markets in case of no-deal Brexit applicable was published in the Italian Official Journal (Gazzetta Ufficiale). The said measures will take effects on the date of withdrawal of the United ...
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28/03/2019
On 25 March 2019 the Law Decree no. 22 (the “Decree”) on urgent measures to guarantee the continuity of the markets and of the intermediaries in case of no-deal Brexit was published on the Italian Official Gazette. The purpose of the Decree is to preserve the stability of the Italian ...
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25/03/2019
In outline: The start of European Council summit on Thursday 21 March provided the opportunity for the EU to set out the basis for delaying the date (currently 29 March) when the UK will leave the EU - by an extension of the Article 50 period. If the House of ...