Topic: MiFID

New ESMA passporting proposals target aggressive marketing

The European Securities and Markets Authority has proposed new standards for cross-border passporting, after national regulators complained of “aggressive” marketing activities in their jurisdictions from investment firms located elsewhere in the EU single market.

23 November 2022

“A global regulatory consensus is a pipe dream”: GBRR Live considers divergence and its implications

Last month, the UK government revealed its deregulation plan to reform financial markets in the form of the Big Bang 2.0, setting the UK further along the path of regulatory divergence from the European Union. Natasha Teja reports from GBRR Live London, where participants discussed the implications of a divergent regime.

24 October 2022

Data availability concerns persist as ESG amendments to MiFID II enter force

New EU rules integrating ESG into MiFID II requirements have come into force, despite warnings from industry that the data needed for effective compliance is still not available.

08 August 2022

EU pilots crypto regulatory exemption regime

After a two-year legislative process, the European Union has finally piloted an “out of character” EU-wide sandbox that will grant some crypto firms “momentous” regulatory exemptions.

08 June 2022

AMF licenses first crypto-based asset manager, with Osborne Clarke advising

France’s financial regulator has granted crypto asset platform Arquant Capital authorisation to manage alternative investment funds.

26 May 2022

“We are at a crossroads”: what’s next for regulation in the UK?

CityWeek’s 12th annual Financial Services Forum heard keynotes from the chief executives of the Financial Conduct Authority and Prudential Regulation Authority, along with discussions of the UK’s ambitions as a crypto hub and its potential for regulatory divergence post-Brexit.

09 May 2022

ESMA critiques national regulators for cross-border supervision shortcomings

The European Union’s securities regulator has found several of the bloc’s regulators are not meeting required standards when supervising firms that carry out cross-border activities, singling out Cyprus’ securities watchdog for numerous deficiencies in the area.

14 March 2022

UK Treasury moves to scrap share trading obligation after review

The UK Treasury has confirmed the abolition of regulations including the share trading obligation following the response to its post-Brexit Wholesale Markets Review.

07 March 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

National authorities must cooperate more, say EBA standards

The European Banking Authority has finalised its standards for supervisory colleges to coordinate national regulators’ supervision of investment firms operating within multiple EU member states.

07 July 2021

Unlock unlimited access to all GBRR content