Financial Regulation Weekly Bulletin - 29 October 2020

Click on the headings below to access each section:

General

• UK/US Financial Regulatory Working Group Meeting – HM Treasury publishes policy paper
• CMCs – FCA publishes Dear CEO letter
• Directory of certified and assessed persons – FCA updates webpage
• SMCR - Certification Regime and Conduct Rules – FCA extends deadlines
• GFIN – FCA announces participation in cross-border testing
• Ombudsman News - FOS publishes issue 154

Brexit

• Trade agreements – Department for International Trade announces UK agreement with Japan
• BRRD II transposition - PRA publishes Consultation Paper
• Securitisation – FCA updates webpage
• Handbook Notice (No 81) – published by the FCA
• Market making exemptions and net short positions reporting – FCA publishes webpages
• MiFIR – share trading obligation – ESMA publishes statement
• Endorsement of credit ratings – ESMA publishes statement

Banking and Finance

• LIBOR transition – ISDA launches Fallbacks Supplement and Protocol
• TLAC and MREL instruments – EBA issues first monitoring report
• Remuneration – EBA publishes Consultation Paper
• ECMS – ECB publishes new launch date
• Eurosystem oversight framework for electronic payment instruments, schemes and arrangements – ECB publishes public consultation
• SEPA – the EPC publishes participation criteria for non-EEA jurisdictions
• ISO 20022 migration – BoE publishes revised approach and final schemas document
• Resolvability Assessment Framework and resolution assessments - PRA publishes Consultation Paper and amendments to reporting and disclosure dates
• Operational continuity in resolution - PRA publishes Consultation Paper
• Operational continuity in resolution– BoE publishes Consultation Paper
• Unsecured credit market – FCA announces new review
• Mortgage lending – FCA publishes Policy Statement on intra-group mortgage switching, maturing interest only mortgages, and part and part mortgages (PS20/11), and updates webpage
• Mortgage Intermediaries – FCA publishes Dear CEO letter
• Fintech regulation – the FCA and RBI sign co-operation agreement
• LIBOR transition and SME customers – LSB and UK Finance publish joint guidance

Securities and Markets

• Climate-related financial disclosures – TCFD publishes 2020 status report
• CSDR – settlement discipline – EC publishes amending Commission Delegated Regulation
• EMIR – CCP supervision – ESMA launches consultation
• EMIR – reporting validation rules – ESMA postpones application date
• MiFID/MiFIR - post-trade transparency and position limits - ESMA updates list of third country venues
• MAR – ESMA publishes final report on MAR amendments for the promotion of the use of SME Growth Markets
• Cryptoassets – FMLC publishes response to government consultation
• LIBOR transition – FMLC publishes report on issues of legal uncertainty

Asset Management

• Cyber resilience – EFAMA publishes updates to cyber security standards

Financial Crime

• Counter proliferation financing – FATF publishes statement on Recommendations’ amendments
• Economic crime – Treasury Committee launches new inquiry
• FinCen Papers – Treasury Committee publishes letter from the FCA
• Deferred Prosecution Agreements – the SFO publishes guidance

Enforcement

• Risk management - FCA and PRA publishes final notice in respect of risk management failures