InVest - August 2016 | Addleshaw Goddard LLP

In this issue: this month's roundup of developments affecting banks, wealth managers, brokers and funds sees the European Commission adopting multiple delegated regulations relating to the implementation of MiFID II relevant to the tick size regime and more...

Annuity-related complaints handled by FOS fall
AMICE expresses concerns over Commission Delegated Regulation supplementing PRIIPs Regulation
ECB crisis communication exercise for euro area financial market infrastructures report
FCA Handbook Notice No 35 and response to CP16/8
FX remediation programme: new webpage from FCA
FMSB publishes comment on draft binary options standard
Dark pools and broker crossing networks report from FCA
PRA issues "Dear CEO" letter on firm engagement and insurance firms in run-off
Council of EU decision on position on incorporation of financial services legislation into EEA Agreement
FSB: second interim progress report on reforming major interest rate benchmarks
ESMA Q&As on prospectuses published
APFA annual survey of the advice industry
Terms of reference for retirement outcomes review published by FCA
Revised financial services offer in context of TTIP negotiations released by EC
ROC policy document on including data on international/foreign branches in the LEI System
ESMA publishes responses to its consultation on technical advice on benchmarks regulation
Call for further technical advice on prudential requirements
Updated final standard on revisions to Basel III securitisation framework
EIOPA advice on development of EU single market for PPP

EC to endorse amendments to RTS on risk mitigation for uncleared OTC derivative contracts
EMIR implementation Q&As updated by ESMA
EC letter on concerns regarding delay in adoption of RTS on risk mitigation techniques
Corrigendum to Delegated Regulation on EMIR regarding RTS on clearing obligations
Delegated Regulation on RTS on clearing obligation under EMIR published
ISDA protocol to meet Article 55 BRRD requirements
EMIR consultation paper on delaying EMIR clearing obligation for financial counterparties with a limited activity volume
EU Implementing Decision on equivalence of US DCMs under EMIR

EC Implementing Regulation laying down ITS on penalties and measures under UCITS Directive
EBA consults on interim report on MREL
ESMA updates Q&A on application of UCITS Directive
ESMA updates Q&A on application of AIFMD
ESMA advice on extension of application of AIFMD passport to 12 non-EU jurisdictions
Call for evidence on asset segregation and custody services under AIFMD and UCITS V
Fund Suspension Guidance from FCA
Call for input on upcoming post-implementation review of crowdfunding rules

Q&As on CFDs and other speculative products updated by ESMA
EBA press release announces launch of data collection
European Parliament updates procedure file on EC Delegated Directive supplementing MiFID II
Delegated Regulation supplementing MiFIR with regard to RTS on data standards and formats
Delegated Regulation on transparency requirements in respect of equity instruments under MiFIR
Delegated Regulation on RTS specifying organisational requirements for trading venues
Delegated Regulation on RTS transparency requirements in third-country firms registration
EC publishes legislative proposal for amendments to EuVECA and EuSEF Regulations
Delegated Regulation on RTS on information and requirements for investment firms under MiFID II
Delegated Regulation on RTS on tick size regime under MiFID II
Delegated Regulation on RTS for the exchange of information between competent authorities
Delegated Regulation on RTS on transparency requirement in respect of non-equity instruments
Corrigendum on MiFID II Directive
SI 2016/715 amending FSMA published

ESMA final report - Draft ITS on sanctions and measures under MAR
FCA updates statement on closed periods
Speech by Commissioner Jonathan Hill at the European Parliament on the Capital Markets Union
Principles of remuneration amended in line with MAR