The European Commission published a
30 March
FSB”) published a
speech made by Randal Quarles, FSB Chair, that sets out details of the FSB s areas of focus for 2021.
European Securities and Markets Authority (“
ESMA”) published an updated version of its
Q&As (ESMA34-32-352) on the application of the Alternative Investment Fund Managers Directive (EU/2011/61) (“
AIFMD”).
HM Treasury published a
statement concerning the first meeting of the Joint Committee established under the UK-US bilateral agreement on insurance and reinsurance prudential measures.
ESMA published its
final report (dated 23 March 2021) (ESMA74-362-1013) on reference data and transaction reporting obligations under the Markets in Financial Instruments Regulation (600/2014) (“
On 14 January 2021, the Central Bank of Ireland issued the much anticipated CP135: Consultation on Competent Authority Discretions in the Investment Firms Directive and the Investment Firms Regulation, signaling its .
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EU Markets Watchdog Wants More Staff For 3rd Country Rules
Law360, London (January 28, 2021, 12:50 PM GMT) Europe s markets regulator has said it might need to spend up to €8.7 million ($10.5 million) to hire up to 47 full-time staff to deal with a change in the bloc s rules about which countries outside the EU are allowed to participate in its financial markets.
The European Securities and Markets Authority said on Wednesday that the new Investment Firms Regulation, which introduces tougher standards for countries outside the bloc that hope to trade in European Union markets, will require it to expand its resources.
ESMA Reports On The Resources And Staffing It Will Need To Apply New Rules For Third-Country Firms Under MiFIR Date
27/01/2021
The European Securities and Markets Authority’s (ESMA), the EU securities markets regulator, has published its Report containing the assessment of ESMA’s staffing and resources needs arising from the assumption of powers and duties in accordance with the new MiFIR regime for third-country firms.
This report is published following the changes to MiFIR regime for the provision of investment services and activities in the EU by third-country firms, introduced by the Investment Firms Regulation (IFR), which entrusted ESMA with new responsibilities and powers for the supervision of third country firms providing investment services.
a multilateral MoU with EU and EEA NCAs covering supervisory cooperation, enforcement and information exchange between UK and EU/EEA national supervisors in the field of insurance regulation and supervision;
an MoU with the European Insurance and Occupational Pensions Authority (EIOPA) covering information exchange and mutual assistance between the UK authorities and EIOPA in the field of insurance regulation and supervision;
an MoU with the European Banking Authority (EBA) covering information exchange and mutual assistance between the UK authorities and the EBA in the field of banking; and
individual MoUs with EU and EEA NCAs covering supervisory cooperation and information-sharing arrangements in the field of banking. These can be found on the PRA website.