News & Analysis as of October 19, 2024

European Union › Policy Statement

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

UK Prudential Regulation Authority Policy Statement on its Approach to Rule Permissions and Waivers

A&O Shearman on 8/5/2024

The U.K. Prudential Regulation Authority has published a policy statement on its approach to rule permissions and waivers. The policy statement provides feedback to responses the PRA received to CP3/24 published in January....more

UK Regulator Finalizes Payment Optionality Rules

A&O Shearman on 8/2/2024

Under the revised U.K. rules, from August 1, 2024, third-party research will not be an inducement if it is received in return for one of the following: The FCA has confirmed that research services are not a factor in...more

A View from Abroad: Unpacking DOJ’s M&A Safe Harbor Policy, Part II

White & Case LLP on 12/4/2023

On October 4, 2023, United States Deputy Attorney General (DAG) Lisa Monaco announced a new Department of Justice (DOJ) Mergers & Acquisitions Safe Harbor policy that encourages companies to self-disclose criminal misconduct...more

2024 Annual Reporting Season: Key Considerations

White & Case LLP on 11/1/2023

Planning for the 2024 annual reporting season is underway. We summarise the key legislative changes affecting London-listed companies for the upcoming season along with best practice recommendations....more

Quarterly Cartel Catch-Up: Recent Developments in Criminal Antitrust for Busy Corporate Counsel ‒ 2nd Quarter 2023

Morrison & Foerster LLP on 7/12/2023

At this mid-point of 2023, and now several months on from the ABA’s Spring Antitrust conference, there have been several notable developments concerning cartel enforcement, as new leadership settles in at the U.S. Department...more

FCA Confirms New Rules to Improve Oversight of Appointed Representatives - Insights

Proskauer Rose LLP on 8/16/2022

On 3 August 2022, the UK’s Financial Conduct Authority (“FCA”) published a policy statement (PS22/11) on improvements to the appointed representatives (“ARs”) regime. The FCA consulted on amendments to the AR framework in...more

Covid-19 Key EU Developments, Policy & Regulatory Update No. 79

Jones Day on 4/8/2022

COMPETITION & STATE AID- Competition- European Commission publishes 2021 General Report on Activities of the European Union - On 9 March 2022, the Commission published “The EU in 2021 – General Report on the Activities of...more

EU Competition Enforcers Permit "Necessary and Temporary" Cooperation to Mitigate Disruption from Ukrainian Conflict

Jones Day on 3/24/2022

The European Competition Network ("ECN") issued a policy statement indicating that member agencies will not intervene in legitimate, cooperative efforts to address disruptions caused by the conflict in Ukraine and related...more

Regulation Round Up - October 2021

Proskauer Rose LLP on 11/4/2021

The Financial Stability Board published its final report on the lessons learnt from the COVID-19 pandemic from a financial stability perspective. The Financial Conduct Authority (“FCA”) published a report on climate change...more

Regulation Round Up - September 2021

Proskauer Rose LLP on 10/6/2021

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

Financial institutions general regulatory news, September 2020 # 2

Hogan Lovells on 9/15/2020

PRA PS20/20: response to CP3/20 occasional paper - Following its March 2020 occasional consultation paper (CP3/20), the UK Prudential Regulation Authority (PRA) has published a policy statement, PS20/20, setting out its...more

Regulation Round Up - July 2020

Proskauer Rose LLP on 8/7/2020

30 July - The Financial Conduct Authority (“FCA”) updated its webpage on the High Court business interruption insurance test case. The Prudential Regulation Authority (“PRA”) published a consultation paper (CP11/20)...more

The European Antitrust Enforcers’ response to the Covid-19 outbreak: Antitrust rules will bend, but will not break

Orrick - Antitrust Watch on 3/26/2020

In a welcomed attempt to align their approaches, the antitrust enforcers of the European Competition Network (ECN) have published a brief joint statement on the application of competition law during the Covid-19 crisis....more

Coronavirus (COVID-19): UK FCA and EU ESMA Issue Statements on Pandemic

Morgan Lewis on 3/17/2020

The EU watchdog, The European Securities and Markets Authority (ESMA), which coordinates securities market supervision across the 27 countries of the European Union, announced on March 11 that it was prepared to use its...more

UK Government Releases Policy Statement on Points-Based Immigration System

Ogletree, Deakins, Nash, Smoak & Stewart,... on 3/10/2020

The United Kingdom (UK) formally left the European Union (EU) on January 31, 2020, and entered a transition period that will officially end on December 31, 2020. The UK and EU have agreed that EU nationals who move to the UK...more

SEC Staff Publishes Statement on Risks of Transition Away from LIBOR

Dorsey & Whitney LLP on 8/1/2019

As a continuation of our previous update on the phase-out of the London Interbank Overnight Rate (“LIBOR”) (April 30, 2019: What the LIBOR Phase-out Means for Debt Capital Market Participants), the Securities and Exchange...more

UK Prudential Regulator Finalizes Supervisory Approach for New EU Securitization Framework

A&O Shearman on 11/30/2018

The U.K. Prudential Regulation Authority has published a Policy Statement setting out its approach to supervision under the new EU securitization framework that will take effect from January 1, 2019. The PRA consulted on its...more

UK Financial Conduct Authority Publishes Near-Final Rules for Implementation of the EU Benchmarks Regulation

A&O Shearman on 1/12/2018

The UK Financial Conduct Authority has published a Policy Statement setting out responses to its earlier consultation in June 2017 on proposed Handbook changes to ensure that the Handbook is consistent with the provisions of...more

FCA Publishes Policy Statement Setting Out Changes to the Listing Rules, European Capital Markets Update

Jones Day on 12/7/2017

The United Kingdom's Financial Conduct Authority ("FCA") published a policy statement on 26 October 2017 setting out certain amendments to the Listing Rules ("LRs") and related technical notes ("Policy Statement"). The FCA...more

Regulation Round Up - September 2017

Proskauer Rose LLP on 10/11/2017

1 September - The Prudential Regulation Authority (PRA) updated its April 2017 public disclosure with Template A (Disclosure of Aggregate Statistical Data with regard to Insurance and Reinsurance Undertakings) and Template...more

MiFID II – Second Policy Statement and Further Consultation

Latham & Watkins LLP on 7/5/2017

The FCA has published its second Policy Statement on MiFID II implementation, plus a further Consultation Paper on residual issues. Key Points: ..The FCA has made significant changes to some proposals, particularly in...more

FCA’s Latest Papers on the Implementation of MiFID II

Latham & Watkins LLP on 4/4/2017

Fifth Consultation Paper and first Policy Statement issued, with the FCA’s second Policy Statement due in June. The FCA has just published two further papers on its approach to implementing MiFID II. The first, which is...more

UK Prudential Regulator Confirms Increase in Deposit Protection Limit

A&O Shearman on 1/23/2017

The Prudential Regulation Authority published a Policy Statement and final rules on raising the deposit protection limit. The Policy Statement follows the consultation paper published by the PRA in November 2016. It is...more

UK Banking Regulator Finalizes Rules Requiring Adherence to Contractual Stay

Eversheds Sutherland (US) LLP on 11/25/2015

On November 13, the Bank of England’s Prudential Regulation Authority (PRA) published a final policy statement titled “Contractual Stays in Financial Contracts Governed by Third-Country Law” (the PRA Policy Statement). These...more

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European Union › Policy Statement

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