Financial Regulation Weekly Bulletin - 13 June 2024

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Includes developments in relation to: MiCA; the UK Government Mortgage Charter; reasonableness under UCTA; the Benchmarks Regulation; MiFIR; the Omnibus Directive; the PRIIPS Regulation; and the Labour manifesto.

General

  • Own funds, liquidity requirements, and recovery plans under MiCA - EBA publishes final reports on draft RTS and guidelines

Banking and Finance

  • Mortgage Charter - FCA publishes new webpage
  • AF Kopp Limited v HSBC UK Bank PLC, [2024] EWHC 1004 (Ch)

Securities and Markets

  • BMR and extension of power to adopt delegated acts - European Commission publishes report
  • MiFIR and OTC derivatives identifying reference data - European Commission launches consultation on draft Delegated Regulation

Asset Management

  • Negotiating mandate on retail investment package - agreed by Council of the EU

Insurance

  • Pensions review and 'wealth creation' - Labour launches manifesto