1 min read
Includes developments in relation to: BigTech; MiCA; the digital pound; PRA waivers; quantum security; CRR; securitisation; CSDR; UK public offers and trading regime; overseas fund regime; client communications; and depositor protection.
General
- BigTech and financial services - ESAs publish stocktake of provision
- MiCA - ESMA launches consultation on reverse solicitation (ESMA35-1872330276-1619)
- The Data Reporting Services Regulations 2024
- The case for a digital pound - House of Commons Treasury Committee publishes HM Treasury and Bank of England’s response to the Committee’s Report
- Approach to rule permissions and waivers - PRA launches consultation (CP3/24)
- Quantum security in the financial sector - FCA and WEF publish white paper
Banking and Finance
- Capital Requirements Regulation - RTS on calculation of the stress scenario risk measure published in the OJ
- The Securitisation Regulations 2024
Securities and Markets
- CSDR - ESMA publishes report on cross-border services and passport applications
- The Public Offers and Admissions to Trading Regulations 2024
Asset Management
- Overseas fund regime - House of Commons and House of Lords publish statement on UK equivalence assessment of EEA states
- The Financial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024
Financial Crime
- Misleading customer communications - FCA publishes Market Watch No. 76
Enforcement
- Approach to enforcement - Bank of England and PRA publish Policy Statement (PS1/24)
- Failures in deposit protection identification and notification - PRA publishes final notice and imposes financial penalty on HSBC Bank PLC and HSBC UK Bank PLC