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European Commission Financial Services Industry

A&O Shearman

EC adopts Delegated Regulations on RTS under MiCAR

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The European Commission has adopted a number of Commission Delegated Regulations supplementing the Markets in Crypto-Assets Regulation (MiCAR): - Commission Delegated Regulation (C(2025)1206) adopted in accordance with...more

A&O Shearman

EBA opinion on EC's partial rejection of RTS on information required in application for authorisation of ARTs

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The European Banking Authority (EBA) has published an opinion (dated 25 February) on the European Commission's (EC's) amendments relating to the final draft regulatory technical standards (RTS) on the information to be...more

Hogan Lovells

EU Payments: What's in the regulatory pipeline for 2025?

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As the evolution of payments continues at a rapid pace it is important that industry participants are up to date on the regulatory developments supporting and guiding these developments. This publication outlines the key...more

A&O Shearman

EU T+1 Coordination Committee meeting summary published

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The EU T+1 Coordination Committee has published its summary of a meeting held on 6 February 2025. At the meeting, the European Commission representative indicated that the proposal to amend EU CSDR to shorten the securities...more

A&O Shearman

EU CSDR Refit first set of technical standards published

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The European Securities and Markets Authority (ESMA) has published technical standards in relation to the Central Securities Depositories Regulation (CSDR) Refit. There are three final reports with the draft technical...more

Hogan Lovells

European Commission confirms narrower scope of e-money acceptance under EMD2

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In a recent response to an EBA Q&A and with reference to existing ECJ case law, the European Commission has stated that the condition of acceptance in the definition of e-money in the second E-Money Directive (2009/110/EC)...more

Walkers

Irish Asset Management & Investment Funds ESG Newsletter: October 2024 – January 2025

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The Platform on Sustainable Finance has published its report on categorisation of products under SFDR ahead of the European Commission's proposal for review of the SFDR, expected in Q4 2025. ESMA released new Q&As...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday February 27, 2025

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February 26, 2025- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday February 26, 2025

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February 25, 2025- The Financial Deposit Insurance Corporation released the Quarterly Banking Profile for Q4 2024 with reports from 4,487 commercial banks and savings institutions insured by the FDIC which reported a...more

A&O Shearman

European Commission call for evidence on amending net stable funding ratio treatment of securities financing transactions under...

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The European Commission (EC) has published a call for evidence on targeted amendments to the Capital Requirements Regulation (CRR) to adjust the prudential treatment of securities financing transactions (SFTs) under the net...more

A&O Shearman

European Commission consultation on draft Delegated Regulation amending Delegated Regulation on fees relating to supervision of...

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The European Commission (EC) has published a draft Delegated Regulation amending Commission Delegated Regulation (EU) 2022/930 regarding fees relating to the supervision by ESMA of consolidated tape providers (CTPs)....more

Walkers

ESMA Consults on Simplified Disclosure Templates for Private Securitisations

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ESMA has launched a Consultation on a draft simplified disclosure template for "European private securitisations". The stated objective of the Consultation is to streamline disclosure templates for private...more

A&O Shearman

European Commission adopts Delegated Regulation on RTS on threat-led penetration testing under DORA

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The European Commission (EC) has adopted a Commission Delegated Regulation supplementing the Digital Operational Resilience Act (DORA) with regard to RTS specifying the criteria used for identifying financial entities...more

A&O Shearman

European Commission legislative proposal for shortened settlement cycle in EU

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The European Commission (EC) has published a legislative proposal it has adopted for a Regulation amending the Central Securities Depositories Regulation (CSDR) to shorten the settlement cycle for EU transactions in...more

Hogan Lovells

The EUs Markets in Crypto-Assets MiCA Regulation a status update

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The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) (henceforth “MiCA”), which entered into force in June 2023, seeks to establish a comprehensive regulatory framework for crypto-assets across the EU. However,...more

A&O Shearman

Commission Implementing Decision extends temporary equivalence of UK CCPs

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Commission Implementing Decision (EU) 2025/215 has been published in the Official Journal of the European Union, extending EU equivalence for U.K. CCPs under the European Market Infrastructure Regulation (EMIR)...more

A&O Shearman

European Commission rejects draft technical standards on sub-contracting ICT services under Digital Operational Resilience Act

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The European Commission has published a letter (dated 21 January 2025) addressed to the Joint Committee of the European Supervisory Authorities (ESAs) rejecting certain draft regulatory technical standards (RTS) the ESAs...more

A&O Shearman

UK central counterparty equivalence extension published in the Official Journal of the European Union

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The European Commission has extended its equivalence determination for U.K. central counterparties under the European Market Infrastructure Regulation until June 30, 2028...more

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European Commission communication on EU competitiveness compass

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The European Commission has published a communication on a Competitiveness Compass for the EU, which sets out an action plan in response to the Draghi report published in September 2024. The communication sets out the...more

Katten Muchin Rosenman LLP

European Commission Rejects Draft DORA RTS on Sub-contracting

The European Commission (Commission) recently published a letter (Letter) that it sent to the European Supervisory Authorities (ESAs) rejecting certain draft regulatory technical standards (RTS) under the EU Digital...more

A&O Shearman

European Commission adopts Delegated Regulation on over-the-counter derivatives identifying reference data under EU Markets in...

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The European Commission has adopted a Delegated Regulation supplementing the EU Markets in Financial Instruments Regulation on OTC derivatives identifying reference data to be used for the purposes of the transparency...more

A&O Shearman

Regulatory monitoring: EU version Newsletter - January 2025

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1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) EU - EC: Communication on EU competitiveness compass - Status: Final - The EC has published a communication on a Competitiveness Compass for the EU,...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday February 3, 2025

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January 31, 2025 - The Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency will hold a virtual public outreach meeting on March 6, 2025, as part of their review of...more

Katten Muchin Rosenman LLP

European Commission Clarifies Definition of “ICT Services” under DORA

The European Insurance and Occupational Pensions Authority recently published the European Commission’s response (Q&A 2999) on the question of which services fall under the definition of “ICT services” under Article 3(21) of...more

Hogan Lovells

The European Commission rejects draft Regulatory Technical Standards on subcontracting under the Digital Operational Resilience...

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What has happened: On 21 January 2025, the European Commission sent a letter to the Chair of the Joint Committee of the ESAs with its decision to reject the draft Regulatory Technical Standards (“RTS”) on subcontracting...more

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