Publication Date: 19/10/2020 Theme: Financial Markets; Investor Protection Topic: Benchmarks and Indices Original Article
ESMA Newsletter – Nº17
12 October Steven Maijoor speaks at the ESAs Annual ECON Committee Hearing The Chair of the European Securities and Markets Authority (ESMA), Steven Maijoor, participated in the annual hearing of the European Parliament’s Economic and Monetary Affairs Committee (ECON), together with the Chairmen of the European Banking (EBA) and European Occupational Pensions Authority (EIOPA). […]
Public Consultation on Article 15 and 49 EMIR
This Consultation Paper (CP) covers the technical standards on conditions which require an extension of authorisation for a CCP, conditions which require validations of CCP’s changes to models and parameters by the NCA and ESMA and the procedure for consulting the college on whether or not those conditions are met. Responding to this paper All […]
FCA proposes additional measures to help insurance customers in financial difficulty
This guidance follows the temporary measures that have been in place since May this year. The proposed guidance sets out how firms should provide tailored support to consumers who have already had a payment deferral and those newly in financial difficulty due to changed circumstances relating to coronavirus. For insurance arrangements, this includes measures […]
SEC Updates Auditor Independence Rules
Washington D.C., Oct. 16, 2020 — The Securities and Exchange Commission today announced that it adopted final amendments to certain auditor independence requirements in Rule 2-01 of Regulation S-X. Informed by decades of staff experience applying the auditor independence framework, the final amendments modernize the rules and more effectively focus the analysis on relationships and […]
SEC Releases Agenda for October 26 Roundtable on Regulation Best Interest and Form CRS
Washington D.C., Oct. 16, 2020 — The Securities and Exchange Commission today announced the agenda and panelists for the October 26, 2020, roundtable where Commission staff and FINRA will discuss initial observations on Regulation Best Interest and Form CRS implementation. The event will be webcast to the public. No registration or pre-registration is required. The […]
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Publication Date: 16/10/2020 Theme: Investor Protection Topic: Sustainable Finance Original Article
FCA proposes additional measures to help insurance customers in financial difficulty because of coronavirus
This guidance follows the temporary measures that have been in place since May this year. The proposed guidance sets out how firms should provide tailored support to consumers who have already had a payment deferral and those newly in financial difficulty due to changed circumstances relating to coronavirus. For insurance arrangements, this includes measures […]
SEC and CFTC to Hold a Joint Open Meeting on October 22
FOR IMMEDIATE RELEASE2020-259 Washington D.C., Oct. 15, 2020 — The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission today announced their agencies will hold a joint open meeting on Thursday, Oct. 22, 2020, at 10:00 a.m. (EDT). The meeting will be held virtually. The Commissions will consider the following: Joint Final Rule: Customer Margin Rules Relating to […]
SEC Charges Andeavor for Inadequate Controls Around Authorization of Stock Buyback Plan
Washington D.C., Oct. 15, 2020 — The Securities and Exchange Commission today announced settled charges against Andeavor LLC for controls violations relating to a stock buyback plan it implemented while it was in discussions to be acquired by Marathon Petroleum Corp. in 2018. Andeavor agreed to pay a $20 million penalty to settle the charges. According […]