When implemented, revisions to the EU’s Markets in Financial Instruments Directive (MiFID II) will radically change the regulation of EU securities and derivatives markets, and significantly impact the investment management industry. MiFID II is expected to come into effect in or around January 2018, a year later than originally planned. This memorandum gives more information about the upcoming regulation. [Read More]
Source: Skadden LLP
The Senior Managers and Certification Regime (SMCR), affecting banks and PRA authorised investments firms, comes into effect on March 2016. This video dissects the purpose of the new regime and the implications and challenges arising for affected firms [Watch Now]
Source: Berwin Leighton Paisner
The FCA issued its first MiFID II consultation paper (CP 15/43) [Read Full Paper] on 15 Dec 2015, related to secondary marker trading of financial instruments. [Read More]
Source: Dechert LLP
FCA has published the minutes of the MiFID2 implementation roundtable meeting it held on 6 Jan [Read Full Minutes]. FCA confirmed at the roundtable application date and transposition deadline, implementing measures and consultation on implementation. [Read More]
Source: Denton
The new Market Abuse Regulation (“MAR”) and the Criminal Sanctions for Market Abuse Directive (“CSMAD”), will replace the 2003 Market Abuse Directive (“MAD”). MAR and CSMAD have been developed in close tandem with other post-financial crisis measures to regulate markets and financial instruments, such as MiFID II/MiFIR, and alongside other national and internationally-coordinated initiatives to tackle misconduct and restore market confidence such as the Fair and Effective Markets Review. This article discusses the key provisions, challenges and impacts of MAR. [Read More]
Source: Berwin Leighton Paisner
In September, the European Securities and Markets Authority (ESMA) published the final draft of its technical standards for the Market Abuse Regulation (EU MAR), which will replace the current civil regime Market Abuse Directive (MAD) on 3 July 2016. See the updates proposed. [Read More]
Source: Herbert Smith Freehills
The Senior Mangers Regime and Certification Regime will come into force on 7 March 2016. The Bank of England has published a new webpage [View Now] that details the forms and accompanying guidance notes for the new regime. Links to the new forms are also contained in the new rules are published. Firms should refer to the rules, supervisory statement and statement of policy to determine which forms they need to submit. [Read More]
Source: Eversheds LLP
Some of the key themes that we expect to drive growth, disruption and deal volume in the fintech and insurtech sectors in 2016 are discussed in this insight. [Read More]
Source King & Wood Mallesons
The European Market Infrastructure Regulation will take effect in relation to margin on uncleared derivative, mandatory clearing, margin period of risk (MPOR), trade repository data and indirect clearing. [Read More]
Source: Holman Fenwick Willan
The European Market Infrastructure Regulation will take effect in relation to margin on uncleared derivative, mandatory clearing, margin period of risk (MPOR), trade repository data and indirect clearing. [Read More]
Source: Holman Fenwick Willan
