The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
Letter to Chief Risk Officers of life insurers
ACER has issued the latest “REMIT Quarterly” newsletter, which can be found here. Points of note include: New reporting formats – this is suspended for 2019 until ACER receive more budget. XBID – An article on page 2 about how ACER are surveying activity following the XBID implementation. Use of and sharing of data – … Continue reading
Wednesday 31 July 2019 20:31
The European Securities and Markets Authority (ESMA), the EU securities markets’ regulator, will not renew the temporary restriction on the marketing, distribution or sale of contracts for differences to retail clients in the European Union (EU).
On 29 July, FIA, ISDA and AFME responded to the ESMA consultations (i) draft technical advice on criteria for tiering under Article 25(2a) of EMIR 2.2; and (ii) Technical Advice on Comparable Compliance under article 25a EMIR.
The response outlines that the indicators proposed by ESMA, that shall assist with the determination of whether a Third-County CPP (TC-CCP) is systemically important, are so broad as to effectively preclude legal certainty and therefore ESMA’s technical advice would benefit from:
Bonds bounce back as net retail sales top £5.5 billion in Q2
Thursday 1 August 2019
The Investment Association (IA), the trade body that represents UK investment managers, has today published figures on how savers invested in June.
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.
Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.
ISDA today announced that Bloomberg Index Services Limited (BISL) has been selected to calculate and publish adjustments related to fallbacks that ISDA intends to implement for certain interest rate benchmarks in its 2006 ISDA Definitions.