The full press release is available here:
ESMA CONSULTS ON THE UPDATE OF ITS MIFID II SUITABILITY GUIDELINES
The full report is available here:
https://www.esma.europa.eu/press-news/esma-news/esma-consults-review-mifid-ii-suitability-guidelines
FCA PUBLISHES UPDATE FOR FIRMS ON PRIIPS RTS ARTICLE 18 AND RELATED RULES
The full statement available from the FCA website:
https://www.fca.org.uk/news/statements/update-firms-priips-rts-article-18-related-rules
ESMA LAUNCHES COMMON SUPERVISORY ACTION ON VALUATION OF UCITS AND OPEN-ENDED AIFS
The full report is available here:
FCA RELEASES STATEMENT ON SUPERVISION OF COMMODITY DERIVATIVES POSITION LIMITS
The full statement available from the FCA website:
https://www.fca.org.uk/news/statements/statement-supervision-commodity-derivatives-position-limits
CSSF PUBLISHES REMINDER OF THE DEADLINE OF 1 JANUARY 2022 FOR CERTAIN UPDATES OF UCITS AND AIFS PRE-CONTRACTUAL DOCUMENTS
FCA PUBLISHES THE FINAL RULES FOR THE INVESTMENT FIRMS PRUDENTIAL REGIME
Full article available from the FCA website:
https://www.fca.org.uk/news/news-stories/investment-firms-prudential-regime-final-rules-published
ESMA PUBLISHES FINAL REPORT ON THE MIFID II/MIFIR OBLIGATIONS ON MARKET DATA
The European Securities and Markets Authority (ESMA) has today published its Final Report on Guidelines on the MiFID II/MiFIR obligations on market data. The Final Report sets out guidelines on the requirements to publish market data on a reasonable commercial basis and to make said data available free of charge fifteen minutes after publication.
The Guidelines, by providing clarity for market participants, will ensure better and uniform application of these MiFID II/MiFIR obligations. The guidelines apply to national competent authorities, trading venues, approved publication arrangements, consolidated tape providers and systematic internalisers.
Next steps
The application date for the Guidelines is set for 1 January 2022 to allow for an adequate period of implementation by market participants. The Guidelines will first be translated into all EU official languages, after which the regular comply or explain procedure will be carried out ahead of full application of the Guidelines.
The final report is available here:
ESMA RELEASES Q&A UPDATES ON VARIETY OF EUROPEAN REGULATIONS
The European Securities & Markets Authority (ESMA) has today updated its Questions and Answers on the following regulatory topics:
· AIFMD
· UCITS
· EMIR Implementation
· MiFID II and MiFIR Investor Protection
· MiFIR Data Reporting
· SFTR Reporting
· CSDR
· Sustainability-related disclosures for benchmarks
· Securitisation
Full Q&As are available from the ESMA website:
https://www.esma.europa.eu/press-news/esma-news/new-qa-available
ESMA CLARIFIES ITS POSITION ON REPORTING SYSTEMIC RISK DATA UNDER AIFMD
The European Securities & Markets Authority (ESMA) has updated its Opinion on Collection of information for the effective monitoring of systemic risk under Article 24(5), first sub-paragraph, of the AIFMD, in the context of AIFMD reporting.
ESMA has updated its opinion in relation to Article 24(5), first sub-paragraph of the AIFMD, on data items they believe the NCAs should require AIFMs to report on a periodic basis. With special attention placed on the clarifications of three risk measures Value-at-Risk, Net FX delta and Net commodity delta. The update provides definitions of these risk measures alongside practical examples.
Further to this, ESMA has also released a new version of their AIFMD Q&As today which aim to provide greater interpretation of the three risk measures Net DV01, NET CS01 and Net Equity Delta.
The full Opinion is available from the ESMA website: