Financial Regulation Weekly Bulletin - 22 February 2024

Click on the headings below to access each section:

General

• MiCA - European Commission adopts Delegated Regulations on classification of ARTs and EMTs, product intervention powers, supervisory fines and fees
• Strategic approach to AI - Information request sent to FCA and Bank of England
• Operating a pensions dashboard service - new regulated activity
• Review of PRA rules - Policy statement published
• Consumer duty implementation and closed products - FCA publishes review findings and speech
• Digital assets and personal property rights - Law Commission consults

Banking and Finance

• CRR III - EBA consults on amendments to operational risk supervisory reporting requirements and business indicator
• ECB internal models under SSM - Final guide published
• Supervision of third-country banks in EU - ECB publishes memorandum of cooperation
• Interest-only mortgages - FCA launches industry working group
• Fair business banking - APPG publishes report on de-banking

Securities and Markets

• MiFID II market data access and transparency - Council of EU adopts proposed Directive and Regulation
• Approach to discretionary payments by CCPs - Bank of England publishes policy statement

Asset Management

• Proposed Directive amending AIFMD and UCITS Directive - Council of EU publishes text

Financial Crime

• Proposed AMLA Regulation - Council of EU publishes text of political agreement

Enforcement

• Insider dealing and fraud - Investment analyst found guilty