European Union: Key Regulatory Developments In The EU

The ESMA issued latest double volume cap data

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European Commission adopted Delegated Regulation on central contact point under PSD2

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European Financial Stability and Integration Review 2018

The Commission published a staff working document on the European financial stability and integration review (EFSIR).

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The ESMA launched bond liquidity system under MiFID II

The ESMA has published its first liquidity assessment for bonds subject to the pre- and post-trade requirements of MiFID II and MiFIR.

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The ECB published a European framework for testing financial sector resilience to cyber attacks

The ECB published the European Framework for Threat Intelligence-based Ethical Red Teaming (TIBER-EU), which is the first Europe-wide framework for controlled and bespoke tests against cyber attacks in the financial market.

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The EBA consults on Guidelines on disclosure of non-performing and forborne exposures

The EBA launched a consultation on its Guidelines on disclosure by credit institutions of information on non-performing and forborne exposures.

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The ESMA published a Letter to the Commission regarding an exemption from financial obligations under Articles 41 and 42 of EMIR

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The Council of the EU published a note on the outcome of the Parliament's first reading of the Money Laundering Directive 5 (MLD5)

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Report on distribution systems of retail investment products across the European Union

The European Commission has published a final report regarding distribution systems of retail investment products across the EU.

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Corrigendum to PSD2 published in OJ

A Corrigendum to Directive (EU) 2015/2366 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010 and repealing Directive 2007/64/EC has been published in the OJ.

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Whistleblower protection: The Commission sets new, EU-wide rules

The European Commission has proposed a new law to strengthen whistleblower protection across the EU.

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The BCBS published a progress report on the adoption of the Basel regulatory framework

The BCBS issued the Fourteenth progress report on adoption of the Basel regulatory framework.

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The ESMA updated bonds transparency calculations for MiFID II/MiFIR

The ESMA has updated its MiFID II/MiFIR transitional transparency calculations (TTC) for bonds.

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Draft implementing regulation on the extension of the transitional periods related to own funds requirements for exposures to CCPs set out in the CRR and the EMIR

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Draft report on proposed Investment Firms Regulation

The European Parliament's Economic and Monetary Affairs Committee has published its draft report on the proposal for a Regulation on the prudential supervision of investment firms.

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The ESAs published report on risks and vulnerabilities

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The Commission published a draft Delegated Regulation supplementing and amending the Money Market Funds Regulation

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The ESMA updated its double volume cap register

The ESMA has updated its public register regarding the double volume cap (DVC) mechanism under MiFID II.

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The ESMA asked the Commission to clarify ancillary activity test under MiFID II

The ESMA has written a letter to the European Commission regarding the exemption from authorisation as investment firm which non-financial entities are eligible for when their commodity derivative trading activity is ancillary to their main business as set out in MiFID II.

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The ECB launched a public consultation on cyber resilience oversight expectations

The ECB launched a public consultation calling on financial market infrastructures (FMIs) and other interested parties to give their input on draft cyber resilience oversight expectations.

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The ESMA agrees position limits under MiFID II

The ESMA has published three opinions on position limits regarding commodity derivatives under MiFID II/MIFIR.

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The ESMA proposed simplifications to prospectuses format and content

The ESMA published the first Part of its Technical Advice under the Prospectus Regulation.

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