CSD Regulation for Considering Securities Settlement in the EU to be Considered by European Parliament in April 2014
On January 23, the European Parliament's procedure file on the proposed CSD Regulation for considering securities settlement in the EU was updated to indicate that it will now be discussed at the April 2-3, 2014 plenary session.
This update postpones the original timetable, as the Parliament had initially indicated that the CSD Regulation would be considered at the March 2014 plenary session. Procedure File.
PRA Issues Consultation Paper on PRA Rulebook
On January 21, the PRA issued a consultation paper on the proposed redrafting of certain areas of the PRA Rulebook, including the Supervision Manual, the Financial Stability and Market Confidence Sourcebook and the Principles for Business.
The new PRA Rulebook will eventually replace the current PRA Handbook, and the consultation paper sets out the approach to existing parts of the PRA Handbook and their potential destinations in the new rules. In particular, the consultation states that statements of policy required under FSMA will be published as separate documents. The PRA also intends to update its website with guidance on process issues currently contained in the PRA Handbook.
Responses to the consultation must be sent by March 14, 2013, with the final version of the new rules due later in the year. Consultation Paper.
EPC Publishes the Final Version of the White Paper on Mobile Wallet Payments
On January 21, the European Payments Council (EPC) published the final version of its white paper on mobile wallet payments. It focuses on the use of mobile wallets as an enabler for mobile payments in the Single Euro Payments Area (SEPA). White Paper.