Financial Services Europe and International Update - April 2012/Issue 5

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This update summarises current regulatory developments in the European Union and supranationally, and in the UK and certain other jurisdictions focusing on the investment funds and asset management sectors, during the past month.

In This Issue:

p1 EU and Supranational Regulatory Developments; p8 UK Regulatory Developments; and, p17 Other National Regulatory Developments.

Excerpt from EU and Supranational Regulatory Developments

European Council Meetings

European Council met on 1 and 2 March 2012. During the meeting of the Member States adopted the Fiscal Compact which will now go forward for ratification. On financial services reform, the Council called for, amongst other things:

- EMIR and the CRA2 to be adopted as rapidly as possible;

- CRD4 to be agreed by June 2012;

- MiFID2 and MiFIR to be agreed by December 2012...

Please see full alert below for more information.

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Published In: Administrative Agency Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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