ESAs launch second public consultation on joint Guidelines on the system for the exchange of information relevant to fit and proper assessments 07 December 2023 Investor protection Joint Committee The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today launched a second consultation related to the joint Guidelines on the system for […]
FCA sets out new rules to maintain access to cash in increasingly digital world
The FCA has proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new powers granted to the FCA by the Financial Services and Markets Act 2023. Under the FCA’s proposals, designated banks and building societies will need to assess gaps in access to cash. These […]
ESMA publishes an update to the ESEF XBRL taxonomy 2022 files and the ESEF Conformance Suite 2023
ESMA publishes an update to the ESEF XBRL taxonomy 2022 files and the ESEF Conformance Suite 2023 07 December 2023 Electronic reporting The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published an update to the European Single Electronic Format (ESEF) XBRL taxonomy 2022 files and the ESEF […]
FCA writes to the Treasury Committee on Blackmore Bonds
The FCA has written to the Treasury Committee about its decision not to take enforcement action following investigations into NCM Fund Services Ltd and Northern Provident Investments Ltd, the two organisations that approved the financial promotions of Blackmore’s mini-bonds. A copy of our letter has been published by the Treasury Committee. Original Article Here
FCA publishes update on the cash savings market
We have published a data update on the cash savings market. We have seen some indications of a more competitive cash savings market emerging, with higher rates being paid to savers and data indicating people are moving their money to take advantage of them. From July 2023 to October 2023, both the volume of deposits […]
Scammers looking to exploit financial stress at Christmas, FCA warns
The FCA is warning of the risk of loan fee fraud as almost two-thirds of parents feel pressured to spend above their means at Christmas. 40% of UK adults are concerned about being able to afford Christmas spending this year, rising to half of parents (52%) with young children under the age of 18. Over […]
SEC Office of the Investor Advocate Publishes Its Policy Recommendations on Mandatory Arbitration and Registered Index-Linked Annuities Research
The Office of the Investor Advocate of the Securities and Exchange Commission today published its Report on Activities for the Fiscal Year 2023 to Congress. The report highlights the work of the Office during the fiscal year. Notable highlights from the… Original Article
Making finance work for a sustainable future
Making finance work for a sustainable future 05 December 2023 Benchmarks CCP Credit Rating Agencies Fund Management Investor protection Issuer disclosure Press Releases Sustainable finance The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, contributes to the transition towards a more sustainable economy in line with the European Green Deal and […]
Financial watchdog sets out credit information market improvements
People will find their credit files better reflect their financial circumstances, under proposals announced by the Financial Conduct Authority (FCA). The change is one of a range of measures to improve the quality of the information collated by credit reference agencies (CRAs), which is used to inform lending decisions, and boost competition in the market. […]
ESAs put forward amendments to sustainability disclosures for the financial sector
ESAs put forward amendments to sustainability disclosures for the financial sector 04 December 2023 Joint Committee Sustainable finance The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) are today publishing their Final Report amending the draft Regulatory Technical Standards (RTS) to the Delegated Regulation supplementing the Sustainable Finance Disclosure Regulation (SFDR). The ESAs […]