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UK Brexit European Securities and Markets Authority (ESMA)

A&O Shearman

EU and UK Sign Memorandum of Understanding on Financial Services Cooperation

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On June 27, 2023, the EU and U.K. signed a Memorandum of Understanding on Financial Services Cooperation, a high-level agreement on future cooperation in the regulation of financial services. The MoU provides for - -...more

Dechert LLP

Upcoming Regulatory Initiatives Impacting Private Fund Managers - September 2022

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This latest edition of the regulatory initiatives paper sets out at a high level the core regulatory issues that are likely to impact private fund managers in the coming months, including an overview of the key actions needed...more

Proskauer Rose LLP

Regulation Round Up - January 2022

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. ...more

A&O Shearman

Key Regulatory Topics: Weekly Update May 2021

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Our weekly update on key regulatory topics affecting the financial services sector....more

Morrison & Foerster LLP

EMIR 2020-21 Update: REFIT, Benchmarks, Brexit, And Beyond

A recap of the key updates to the regime established by Regulation (EU) No 648/2012 of the European Parliament and of the Council of July 4, 2012 on OTC derivatives, central counterparties, and trade repositories (the...more

Skadden, Arps, Slate, Meagher & Flom LLP

Crowdfunding Regulation: Major Reform in the EU, No Change in the UK

Although crowdfunding has existed in various forms since the late 1990s, the global financial crisis in 2008 accelerated the trend of channelling consumer and business lending through crowdfunding platforms. This mode of...more

Latham & Watkins LLP

Private Bank Briefing – March 2021

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ESMA reminds firms on rules of reverse solicitation - In a statement published on 13 January 2021, ESMA reminded firms not established or situated in the EU of the MiFID II requirements on the provision of investment...more

A&O Shearman

Key Regulatory Topics: Weekly Update 19 - 25 March 2021

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HoL EU Services Sub-Committee report on trade in services On 24 March, the HoL European Union Committee published a new report on UK-EU trade in services. The report concludes that despite the agreement of the Trade and...more

Katten Muchin Rosenman LLP

Corporate & Financial Weekly Digest, Featuring Articles on SEC launches new website page on ESG investing and UK FCA launches new...

BROKER-DEALER - SEC Issues Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act - On March 24, the Securities and Exchange Commission adopted interim final amendments to implement...more

Hogan Lovells

Operational resilience regulatory framework in Europe

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In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new regulation. The sheer number of publications on this topic can be confusing for...more

K&L Gates LLP

Brexit: Is the Clock Still Ticking for Asset Managers?

K&L Gates LLP on

INTRODUCTION - On 24 December 2020, Michael Barnier, the European Union’s chief negotiator said, “The clock is no longer ticking”. Four and a half years after the Brexit referendum, the United Kingdom and the European Union...more

Hogan Lovells

Brexit and derivatives transactions – some practical perspectives

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EU and UK derivatives counterparties are now having to grapple with different sets of rules in the EU and the UK when trading derivatives with each other, following the end of the Brexit transition period on 31 December 2020....more

Dechert LLP

International Capital Markets Newsletter - March 2021 - Issue 3: Recent UK and EU Capital Markets Developments

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A flurry of changes to stock exchange rules and capital markets regulation and practice have been introduced following the end of the Brexit transition period in the UK on 31 December 2020, as well as new initiatives launched...more

Hogan Lovells

Securities and markets regulatory news, March 2021 # 2

Hogan Lovells on

Brexit and Debt Capital Markets transactions: some practical perspectives -Following the end of the Brexit transition period, debt capital markets participants may now need to consider both EU rules and the parallel UK rules...more

A&O Shearman

Key Regulatory Topics: Weekly Update February 2021 #2

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Brexit - Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January....more

Skadden, Arps, Slate, Meagher & Flom LLP

Navigable Challenges for Private Funds

The negotiations that culminated in the establishment of the Trade and Cooperation Agreement (TCA) at the end of 2020 concluded with no meaningful agreement in relation to the provision of financial services between the...more

Hogan Lovells

Banking and finance regulatory news, March 2021

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Resolvability Assessment Framework: BoE Dear CEO letter The Bank of England (BoE) has published a letter sent by Dave Ramsden, BoE Deputy Governor for Markets and Banking, to the CEOs of the eight UK banks in the scope of the...more

A&O Shearman

Key Regulatory Topics: Weekly Update February 2021

A&O Shearman on

Brexit - Please see our Brexit financial services webpage, which contains, amongst other things, tables detailing Brexit statutory instruments, equivalence decisions, EEA transitional regimes and UK regulators’...more

A&O Shearman

UK Regulation post-Brexit - Adjusting to the landscape for UK equity capital market participants

A&O Shearman on

With the EU and the UK having reached a free trade agreement which sets out a framework for the substantial agreements to be put in place to govern their future relationship and the UK having left the single market and the...more

Hogan Lovells

Securities and markets regulatory news, January 2021 # 2

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EMIR: European Commission consults on draft Implementing Decisions on equivalence - The European Commission has published for consultation the following draft Implementing Decisions on equivalence made under Article 13(2) of...more

Hogan Lovells

Financial institutions general regulatory news, January 2021

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UK-EU trade and cooperation agreement After extensive negotiations, and within a week of the Brexit transition period ending on 31 - December 2020, the UK and the EU finally announced on 24 December 2020 that they had agreed...more

Proskauer Rose LLP

Regulation Round Up - December 2020

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31 December - The Brexit Transitional Period (pursuant to which the UK stayed in the Single Market and European Customs Union came to an end. The FCA updated its Brexit webpages to remind firms of the potential impact...more

Proskauer Rose LLP

UK Short Selling Notification Threshold Reduced to 0.1% and to Apply to Both Regulated Markets and MTFs...

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On 6 January 2021, the HM Treasury published the Short Selling (Notification Thresholds) Regulations 2021 (the “Regulations”). The FCA has updated its webpage on the notification and disclosure of net short positions to...more

Hogan Lovells

Beyond Brexit transition - changes for listed companies

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The Brexit transition period ended at 11:00 pm on 31 December 2020 and at the end of this transition period, the European Union (Withdrawal) Act 2018 converted existing EU legislation which had direct effect in the UK into UK...more

Akin Gump Strauss Hauer & Feld LLP

ESMA and the FCA Extend the Temporary 0.1% Net Short Position Reporting Threshold

In response to the unprecedented circumstances caused by the COVID-19 pandemic, the EU and the UK temporarily lowered the reporting threshold under the EU Short Selling Regulation (“EU SSR”) for net short positions in shares...more

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