News

Search Filters

Advanced Search Advanced Search
Date range:

Showing 121 - 130 of 2195 matches filtered by 'Brexit'

  • HMT: Financial services statement

    09/11/2020
    Rishi Sunak has announced plans relating to green finance, fintech, equivalence and the UK’s approach to regulation outside of the EU.... Specific plans include: establishing a taskforce that will propose reforms to the UK listings regime; a call for evidence on the UK’s overseas regime to ensure it supports the UK’s position as an open global financial centre and a consultation on reforming the UK’s funds regime. HMT has published guidance on equivalence decisions.
    Support Information
    Show more Show less
  • FCA/BoE: Financial services statement

    09/11/2020
    FCA and BoE have published their responses to Rishi Sunak's statement. FCA has published a webpage on equivalence decisions (via... the first link below).
    Support Information
    Show more Show less
  • ESMA: Transparency Directive

    09/11/2020
    ESMA has updated its Q&A document with questions relating to Brexit.
    Support Information
    Show more Show less
  • HoL EU Services Sub-Committee: Financial services after Brexit

    05/11/2020
    The Committee has issued a call for evidence on the priorities for the future UK-EU relationship in the financial services sector... and the potential consequences if no free trade agreement is reached. It is inviting stakeholders to submit written evidence, to be received by 20 November 2020.
    Support Information
    Show more Show less
  • HMT: Crowdfunding Regulation

    05/11/2020
    This letter from John Glen to the HoL EU Committee responds to a query concerning the implementation of the Crowdfunding Regulation... (and the associated Directive amending MiFID) in the UK. It is stated that “at this time there is no evidence to suggest their implementation would result in material benefit to the UK Crowdfunding sector … we do not envisage it being necessary for the EU to apply third country rules to the UK sector in this space”.
    Support Information
    Show more Show less
  • HoC: Financial Services Bill

    05/11/2020
    This HoC Library briefing provides an overview on the Bill ahead of the second reading, scheduled to take place on 9... November 2020.
    Support Information
    Show more Show less
  • FCA: Approach to the share trading obligation

    04/11/2020
    FCA has confirmed its approach to the share trading obligation at the end of the transition period, if mutual equivalence is... not agreed. FCA also notes current discussions with market participants and trading venues, including with regard to MiFID II transparency calibrations. FCA states that it remains “open to discussing with ESMA how to minimise any disruption that could arise in relation to overlapping requirements on financial counterparties resulting from the derivatives trading obligation”.
    Support Information
    Show more Show less
  • FCA: PS20/13: Amendments to the open banking identification requirements (eIDAS certificate)

    03/11/2020
    Further to CP20/18, FCA has now published feedback and near final rules. The changes to the rules will permit UK-based... third-party providers to use an alternative to eIDAS certificates to access customer account information from account providers, or initiate payments, after Brexit. FCA emphasises that firms must review the changes immediately and implement any necessary changes as soon as possible. However, FCA has provided a transition period until 30 June 2021 for complying with the rules.
    Support Information
    Show more Show less
  • EC: Joint Consultative Working Group

    03/11/2020
    Council Decision (EU) 2020/1599 of 23 October 2020 on the position to be taken on behalf of the EU in the... Joint Consultative Working Group established by the Agreement on the withdrawal of the UK as regards the adoption of its rules of procedure has been published in the Official Journal.
    Support Information
    Show more Show less
  • European Parliament: Covid-19 recovery: balance investor protection and compliance costs for firms

    30/10/2020
    MEPs have adopted targeted changes to MiFID which are intended to facilitate economic recovery by removing unnecessary administrative burdens during the... pandemic. The changes apply mostly to professional clients and eligible counterparties such as insurers, pension funds, or public institutions. MEPs have also asked the EC to present a proposal for a review MiFID/MiFIR by 31 July 2021. It should consider issues related to market structure, data, trading and post trading, research rules, rules on payment of inducements to advisors, the level of professional qualifications of advisers in Europe, client categorisation and Brexit.
    Support Information
    Show more Show less