News & Analysis as of

Financial Services Industry Regulation Technical Standards (RTS)

A&O Shearman

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

A&O Shearman on

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

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

Hogan Lovells on

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

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

Goodwin

EU Commission Regulations on Digital Operational Resilience: A Reminder That DORA is Less Than Three Months Away and Will Apply to...

Goodwin on

The European Commission’s adoption on 23 October 2024 of the two regulations (Regulations) supplementing the [the Regulation on digital operational resilience for the financial sector Publications Office (europa.eu)] (DORA)...more

Morgan Lewis - Tech & Sourcing

Preparing for DORA: Subcontracting ICT Services – Contract Requirements

Beginning January 17, 2025, financial entities based in the European Union must have in place processes and policies, and mandatory contract provisions with their third-party technology vendors, that comply with the EU...more

Hogan Lovells

Final report on DORA subcontracting RTS published

Hogan Lovells on

On 26 July 2024, the three European Supervisory Authorities (EBA, EIOPA and ESMA) published the final report on the draft Regulatory Technical Standards relating to subcontracting ICT services supporting critical or important...more

Mayer Brown

European Commission adopts delegated regulation relating to sustainability disclosures for STS securitisations

Mayer Brown on

On 5 March 2024, the European Commission adopted a delegated regulation that will supplement the EU Securitisation Regulation with regulatory technical standards ("RTS") in relation to simple, transparent and standardised...more

Goodwin

What DORA Means for Fund Managers

Goodwin on

Q: What is DORA? “DORA” stands for the Digital Operational Resilience Act, an EU regulation that creates a new framework for the EU financial sector with regard to information and communications technology (ICT)....more

Cadwalader, Wickersham & Taft LLP

EBA’s Final Report on Draft Technical Standards on the Identification of a Group of Connected Clients

On 20 December 2022, the European Banking Authority (“EBA”) published the final report on its draft Regulatory Technical Standards on the identification of a group of “connected clients” under Article 4(4) of the Capital...more

Cadwalader, Wickersham & Taft LLP

European Supervisory Authorities Publishes 2023 Work Programme

On September 30, the Joint Committee of the European Supervisory Authorities (“ESAs”) (being the EBA, EIOPA and ESMA) published its work programme for 2023 (dated 5 September 2022) (JC 2022 28). The stated priorities include...more

Jones Day

Further Clarifications on Anti-Greenwashing Standards for Financial Products in the European Union

Jones Day on

In its Sustainable Finance Roadmap 2022-2024, European Securities and Markets Authority ("ESMA") has recently underscored the importance of developing a cohesive supervisory approach in the area of sustainable finance across...more

Proskauer Rose LLP

Regulation Round Up - February 2022

Proskauer Rose LLP on

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. 28 February - The Financial Conduct Authority (“FCA”) published Handbook Notice...more

Dechert LLP

Application of RTS under the SFDR – further delayed to 1 January 2023

Dechert LLP on

In a letter dated 25 November 2021, the European Commission’s Director-General for Financial Stability, Financial Services and Capital Markets Union (the Director-General) confirmed that the date of application of the...more

A&O Shearman

Latest RTS for taxonomy and SFDR – detailed product disclosure regime

A&O Shearman on

As the start date for the EU Taxonomy Regulation looms, the ESAs have published their final draft of the RTS for the taxonomy’s product disclosure requirements. ...more

Proskauer Rose LLP

Regulation Round Up - September 2021

Proskauer Rose LLP on

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

Latham & Watkins LLP

FCA Consults on Post-Brexit Changes to PRIIPS Regulation

Latham & Watkins LLP on

UK rules will diverge from the much-criticised EU framework. On 20 July 2021, the FCA published a Consultation Paper (CP21/23) on amending the UK PRIIPs Regulation. The FCA has long held concerns about the PRIIPs...more

Hogan Lovells

Payments regulatory news, March 2021 # 2

Hogan Lovells on

Contactless payments: FCA PS21/2 on amendments to single and cumulative transaction thresholds - Following its consultation in CP21/3, the UK Financial Conduct Authority (FCA) has published a policy statement ...more

Hogan Lovells

Payments regulatory news, March 2021

Hogan Lovells on

SEPA direct debit schemes: EPC guidelines for appearance of mandates - The European Payments Council (EPC) has published revised guidelines on the appearance of mandates for the Single Euro Payments Area (SEPA) Direct Debit...more

Jones Day

Capital Relief for Software Assets: European Commission Amends Own Fund Requirements

Jones Day on

The Development: New Regulation (EU) 2020/2176 (the "Regulation") provides regulatory capital relief, allowing certain software assets to be considered when calculating Common Equity Tier 1 ("CET1") capital. It entered into...more

Dechert LLP

ESA’s consultation on the draft regulatory technical standards of the Sustainable Finance Disclosure Regulation

Dechert LLP on

The draft regulatory technical standards (RTS) set out detailed information relating to the content, methodology and presentation of certain environmental, social, and governance (ESG) disclosures required under the EU...more

White & Case LLP

ESMA's consultation on draft technical standards on the provision of investment services and activities in the EU by non-EU firms...

White & Case LLP on

On 31 January 2020 - the very date of the UK's withdrawal from the EU - the European Securities and Markets Authority (ESMA) issued a consultation on draft technical standards underpinning the recently revised EU market...more

Barnea Jaffa Lande & Co.

Latest Developments in the Israeli Payments Market

Barnea Jaffa Lande & Co. on

The Bank of Israel recently led several important developments in the Israeli payments market. These developments are designed to encourage competition in the payment services market and to advance the implementation of...more

BCLP

Investment Firms: A new prudential framework

BCLP on

What is it? The EU has finalised and issued a new framework for the prudential regulation of investment firms. It will set new classification for investment firms that will in turn determine which of the new capital...more

A&O Shearman

UK Regulator Publishes Final Technical Standards on Strong Customer Authentication in the Event of a No-Deal Brexit

A&O Shearman on

The U.K. Financial Conduct Authority has published a Policy Statement, final Technical Standards and changes to the Handbook rules on strong customer authentication and common and secure open standards of communication to be...more

A&O Shearman

European Commission Publishes Commission Delegated Regulation on the Electronic Central Register Under Payment Services Directive

A&O Shearman on

The European Commission has adopted Regulatory Technical Standards on the development, operation and maintenance of the electronic central register and access to the information it contains under the Payment Services...more

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