Derivatives

Reports, news and data relating to the derivatives sector.

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Status:

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

  • office abstract

    In the recent Holmcroft appeal, the Court of Appeal held that the Divisional Court had been correct in deciding that KPMG, acting as Independent Reviewer in a misselling redress scheme approved by what was then the Financial Services Authority (“FSA”), was not amenable to judicial review. As such, the question ...

  • On 29 June 2017, the European Securities and Markets Authority (ESMA) announced that it is considering using its forthcoming temporary product intervention powers under MiFID II to impose conditions on the way contracts for differences (CFDs) and financial spread bets, binary bets and other speculative products are sold and marketed ...

  • Newspapers

    Brexit Monitor

    14.09.2016

    We have published a Brexit Monitor (24 June - 14 September 2016) capturing the latest publications and announcements from HM Treasury, the UK Government, UK Parliament, the EU institutions, and others.

  • Forex screen

    We have published an EMIR Monthly Monitor (May - August 2016), which covers UK and EU-level developments. To view or download the EMIR Monthly Monitor, please click here.

  • Chart

    In furtherance to our eAlert on the “Distribution of certain derivative financial instruments to retail clients: a prospective ban?”, the Financial Services and Markets Authority’s (“FSMA”) Regulation on the distribution of derivatives contracts (the “Regulation”) was approved by a Royal Decree dated 21 July 2016. Although the Regulation kept a ...

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Agency Database

Future Dates

* Estimated date

  • 1 December 2019

    End of four-year transitional period for RTS on risk-mitigation techniques for OTC derivatives contracts not cleared by a CCP under EMIR.

  • 1 January 2023

    Article 3(1) CSDR (on book-entry form requirements for issuers established in the EU) will begin to apply to transferable securities issued after 1 January 2023.

  • 1 January 2025

    Article 3(1) CSDR will apply to all transferable securities (i.e. Those issued both before and after 1 January 2023).