Shareholder Rights Directive II
On 30 May 2019, the FCA published Policy Statement 19/13 (“PS19/13”) in relation to the Shareholders Directive II (“SRD II”). As per PS19/13, SRD II requires asset owners and asset […]
Brexit — Ireland and Luxembourg Potential Fund Manager Site Inspections
Reports were circulating during late May that both the Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg are to undertake checks on […]
Financial Times — FCA investigations into City Directors rises sharply
The Financial Times (19 May 2019) has reported that the number of directors being investigated by the FCA has more than doubled in two years with nearly half of those […]
FCA and PRA jointly fine Raphaels Bank £1.89m for outsourcing failings
Raphaels Bank (“Raphaels”) has received separate fines of £775,100 from the FCA and £1,112,152 from the PRA in respect of failures in the systems and controls supporting the oversight and […]
FCA update on Share Trading Obligations
ESMA has published a statement on the revised scope of the EU’s share trading obligation under a no-deal Brexit scenario following its initial announcement on 19 March 2019. According to […]
FCA confirms extension of the Temporary Permissions Regime deadline
The FCA has confirmed the deadline for notifications for the temporary permissions regime (TPR) will be extended to the end of 30 October 2019. The TPR allows EEA-based firms passporting […]
ESMA updates Q&As on MiFID II and MiFIR Investor Protection and Intermediaries
ESMA has updated in Questions and Answers (“Q&As”) on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The updated Q&As […]
ESMA updates EMIR Q&As
ESMA has updated its Questions and Answers (Q&As”) on the implementation of the European Markets Infrastructure Regulation (EMIR). The updated Q&As provide clarifications on the new framework introduced by Regulation […]