Financial Regulation Weekly Bulletin - 11 August 2022

Click on the headings below to access each section:

General

• Occasional consultation paper CP3/22 - PRA publishes policy statement (PS7/22)
• Change in control and cryptoasset firms - FCA publishes notification forms
• Net-zero transition - GFANZ publishes guidance on portfolio management for consultation

Banking and Finance

• CRR - EBA publishes consultation paper on draft RTS on the determination by originator institutions of the exposure value of SES in securitisations
• ‘Strong and simple’ prudential framework - House of Commons Treasury Sub-Committee publishes letter
• Financial Services and Markets Bill - House of Commons Treasury Committee publishes letter from Bank of England
• Algebris (UK) Ltd and another v Single Resolution Board (Case T 570/17) [2022]

Securities and Markets

• CCP Recovery and Resolution - European Commission publishes report on treatment of CCP equity in the write-down and conversion tool
• EMIR - ESMA publishes Memorandum of Understanding with South African authorities
• Digital securities - UK Jurisdiction Taskforce publishes legal statement for consultation

Asset Management

• UCITS and AIFM Directives - ECB publishes opinion on proposed amendments
• Supervision of alternative investment funds - FCA publishes portfolio letter

Insurance

• Solvency II - Commission Implementing Regulation on technical information for calculating technical provisions and basic own funds for Q3 2022 reporting published in OJ
• RAO - FMLC publishes report on “similar contracts of guarantee” in definition of a “contract of insurance”

Enforcement

• Disclosure of inside information - FCA publishes final notice
• Carrying on regulated activities without authorisation - FCA publishes statement