This month's roundup of developments affecting banks, wealth managers, brokers and funds sees: The FCA publishing an update on the Regulation on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and the FCA and HM Treasury publishing a joint report outlining their progress towards implementing each of the 28 Financial Advice and Markets Review (FAMR) recommendations
New guidance urges FTSE companies to demonstrate how they act long-term to get better returns for savers and investors
FCA publishes its 2017-2018 Business plan, Sector Views and Mission Statement
EMMI report on outcome of EURIBOR pre-live verification programme
European Commission communication on future legislative proposals
OECD report on investment governance and integration of environmental, social and governance factors
Council of EU Presidency compromise proposal on Regulation on CCP recovery and resolution dated 28 April 2017
ECB contribution to European Commission's CMU mid-term review 2017
ECON table's amendments on proposed pan-European covered bonds framework
SONIA recommended as the sterling near risk-fee interest rate benchmark
ESMA advises commission on fees for trade repositories
IA welcomes the FCA's Mission Statement
EMMI adopts governance framework for EONIA
FCA update on Benchmarks Regulation: April 2017
ESMA speech at CMU Mid-Term Review Public Hearing: work on Brexit and calls for stronger power and tools
ESMA to hold CRA Regulation open hearing
FCA guidance consultation on implementation of FAMR
Financial Advice Working Group recommendations following FAMR
Bank of England launches UK Money Markets Code
EMIR & Derivatives
European Commission adopts legislative proposal to amend EMIR
Delegated Regulation delaying EMIR clearing obligation for financial counterparties with a limited activity volume published in the Official Journal
European Parliament does not object to Delegated Regulation delaying EMIR clearing obligation for financial counterparties with a limited activity volume
ESMA final report: Technical advice to EC on fees for trade repositories under SFTR and EMIR
ESRB report on revision of EMIR
ESMA signs MoU on CCPs with New Zealand regulators under EMIR
Funds
Final text of the proposed Regulation on Money Market Funds
Investments & Investment Services
FCA reporting instructions for trading venues and investment firms submitting position reports under MiFID II
PRA second policy statement on implementation of MiFID II
AFME publishes MiFID II fixed income and currencies trading venues questionnaire
BBA guidance on MiFIR transaction reporting short selling indicator
European Parliament concerns about MiFID II systematic internalisers operating broker crossing networks
Market Conduct
ESMA publishes opinion on points for convergence and accepted market practices on liquidity contracts under MAR
