APR
25

EUROPEAN REGULATORY FRAMEWORK: Delegated Regulation (EU) 2019/358 on the collection, verification, aggregation, comparison and publication of data on securities financing transactions (SFTs) by trade repositories

EUROPEAN REGULATORY FRAMEWORK: Delegated Regulation (EU) 2019/358 on the collection, verification, aggregation, comparison and publication of data on securities financing transactions (SFTs) by trade repositories

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© CySEC

APR
25

EUROPEAN REGULATORY FRAMEWORK: Delegated Regulation (EU) 2019/359 with regard to the details of the application for registration and extension of registration as a trade repository

EUROPEAN REGULATORY FRAMEWORK: Delegated Regulation (EU) 2019/359 with regard to the details of the application for registration and extension of registration as a trade repository

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© CySEC

APR
25

EUROPEAN REGULATORY FRAMEWORK: Implementing Regulation (EU) 2019/363 with regard to the format and frequency of reports on the details of securities financing transactions (SFTs) to trade repositories and amending Implementing Regulation (EU) 1247/2012 with regard to the use of reporting codes in the reporting of derivative contracts

EUROPEAN REGULATORY FRAMEWORK: Implementing Regulation (EU) 2019/363 with regard to the format and frequency of reports on the details of securities financing transactions (SFTs) to trade repositories and amending Implementing Regulation (EU) 1247/2012 with regard to the use of reporting codes in the reporting of derivative contracts

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© CySEC

APR
25

EUROPEAN REGULATORY FRAMEWORK: Implementing Regulation (EU) 2019/364 with regard to the format of applications for registration and extension of registration of trade repositories

EUROPEAN REGULATORY FRAMEWORK: Implementing Regulation (EU) 2019/364 with regard to the format of applications for registration and extension of registration of trade repositories

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© CySEC

APR
25

EUROPEAN REGULATORY FRAMEWORK: Implementing Regulation (EU) 2019/365 with regard to the procedures and forms for exchange of information on sanctions, measures and investigations

EUROPEAN REGULATORY FRAMEWORK: Implementing Regulation (EU) 2019/365 with regard to the procedures and forms for exchange of information on sanctions, measures and investigations

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© CySEC

APR
25

EUROPEAN REGULATORY FRAMEWORK: Delegated Regulation (EU) 2019/463 with regard to the list of exempted entities

EUROPEAN REGULATORY FRAMEWORK: Delegated Regulation (EU) 2019/463 with regard to the list of exempted entities

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APR
24

BOARD DECISIONS: CySEC Decision for the imposition of an administrative fine to AIFM Bluehouse Investment Advisors Ltd

BOARD DECISIONS: CySEC Decision for the imposition of an administrative fine to AIFM Bluehouse Investment Advisors Ltd

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© CySEC

APR
23

The future of financial conduct regulation

Speaker: Andrew Bailey, Chief Executive
Event: The Future of Financial Conduct Regulation, Bloomberg, London
Delivered: 23 April 2019
Note: this is the speech as drafted and may differ from the delivered version

Highlights

  • There should be a debate about the future of regulation but this needs to be in a public interest framework.
  • The FCA will undertake further work to examine the role of our principles.
  • The FCA will consider the most efficient and proportionate options for achieving the substance of a duty of care.

You may quite reasonably think that a title of ‘The future of financial conduct regulation’ is overly dramatic in an environment where we have quite enough drama in the world of public policy thank you very much. Or, you may think that it is typical of a regulator to over promise and under deliver. We shall see, but it is a reasonable ask that I should start by explaining why this subject and why now?

Let me go back to 2017 when we published the FCA Mission statement, which continues to be the centrepiece, the glue, that holds together our approach to the large landscape of activity that the FCA covers to meet its statutory objectives. It shapes our culture too, for example we have re-done our statement of values in the light of The Mission. What we did with The Mission was to set out a much-needed framework to explain and interpret why we regulate conduct across the markets for finance. At the heart of it was a very simple point – but simple is I believe a source of strength – that we always and only regulate in the public interest, and we must always and only do just that.

We have therefore set out to explain how we interpret the public interest in the light of the objectives given to us in statute by Parliament. And, we also recognise that while those objectives are timeless, or should be, how we put them into practice will change with time as the world around us changes. The public interest is therefore our anchor, and it needs to be a strong one.

I was careful a moment ago to say that our objectives should be timeless, which implies an element of doubt. That’s right, because the record of history indicates that broad attitudes towards public interest regulation have changed in what can appear to be long waves. Those changes can be large and destabilising for both the regulator and the regulated. Prior to the financial crisis, the light touch era reflected a view that a greater emphasis on the private interests of firms, their owners and managers would benefit all and thus the public interest. I tend to call this the ‘rising tide lifts all boats’ view of our world. But it didn’t turn out that way – there were very clear losers, and the scale of that problem has emerged over a long period of time.

Continue reading

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© FCA

APR
23

Financial Conduct Authority (FCA) publishes feedback statement on Duty of Care

The FCA has today published a Feedback Statement summarising the responses received to its Discussion Paper – ‘A duty of care and potential alternative approaches’ – published in July 2018, and setting out next steps.

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© FCA

APR
19

CIRCULARS TO ISSUERS: C310 Issuers, Persons responsible for the prospectus – Reminder regarding the application of the European Securities and Markets Authority‘s (‘ESMA’) Guidelines on Alternative Performance Measures (in Greek)

CIRCULARS TO ISSUERS: C310 Issuers, Persons responsible for the prospectus – Reminder regarding the application of the European Securities and Markets Authority‘s (‘ESMA’) Guidelines on Alternative Performance Measures (in Greek)

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© CySEC

 
     
 
     
 

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