The Decision (EU) 2025/1148 of the European Central Bank (ECB) adopted on 2 June, has been published in the Official Journal of the European Union. This decision amends Decision (EU) 2025/222 concerning access by non-bank…
more
/ Administrative Law, Finance & Banking, International Law & Trade
Four industry associations—EFAMA, EACP, ISDA, and FIA—have published a letter addressed to the European Securities and Markets Authority (ESMA) and the European Commission (EC), raising concerns about the implementation of the…
more
/ Administrative Law, Finance & Banking, International Law & Trade, Securities Law
The European Commission has adopted a Delegated Regulation amending Delegated Regulation (EU) No 876/2013, which supplements EMIR (Regulation (EU) No 648/2012) in relation to the functioning and management of colleges for…
more
/ Administrative Law, Finance & Banking, International Law & Trade, Securities Law
The Bank of England (BoE) has published a feedback statement in response to its December 2024 discussion paper on transitioning to a repo-led operating framework. The discussion paper proposed changes to the Sterling Monetary…
more
/ Finance & Banking, International Law & Trade
The European Commission (EC) has adopted a suite of technical standards for the development of consolidated tapes. The creation of consolidated tapes and the removal of obstacles to the development of consolidated tapes, were a…
more
/ Finance & Banking, International Law & Trade, Securities Law
The European Commission (EC) has adopted a Delegated Regulation amending Delegated Regulation (EU) 2016/1675 to update the list of high-risk third countries with strategic deficiencies in their anti-money laundering and…
more
/ Administrative Law, Finance & Banking, International Law & Trade
The European Banking Authority (EBA) has issued an opinion (referred to as the No Action letter) in response to a request from the European Commission (EC) in December 2024, on the interplay between Payment Services Directive…
more
/ Administrative Law, Finance & Banking, International Law & Trade
The UK Financial Conduct Authority (FCA) has published final policy statement PS25/6, accompanied by a press release, setting out the final rules for the Private Intermittent Securities and Capital Exchange System (PISCES)…
more
/ Finance & Banking, International Law & Trade, Securities Law
The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 (SI 2025/666) have been published, alongside an explanatory memorandum. The regulations exempt the transfer of a…
more
/ Finance & Banking, International Law & Trade, Securities Law, Taxation
In early June the UK Information Commissioner’s Office (ICO) launched its AI and Biometrics Strategy (AIBS), the first time it has published a dedicated document setting out its priorities on General Data Protection (GDPR)…
more
/ Administrative Law, Privacy, International Law & Trade, Science, Computers, & Technology
Three Commission Delegated Regulations supplementing Regulation (EU) 2023/1114 (the EU Markets in Crypto Assets Regulation) (MiCAR) have been published in the Official Journal of the European Union, namely:
- Commission…
more
/ Administrative Law, Finance & Banking, International Law & Trade, Securities Law
After years of negotiation and technical debate, the European Union’s Faster and Safer Tax Relief of Excess Withholding Taxes Directive (“FASTER Directive”)—aimed at streamlining and harmonizing withholding tax (WHT) relief…
more
/ Finance & Banking, International Law & Trade, Taxation
The UK Financial Conduct Authority (FCA) has published a press release on its leading international crackdown on illegal financial influencers (finfluencers) in collaboration with regulators from Australia, Canada, Hong Kong,…
more
/ Communications & Media Law, Finance & Banking, International Law & Trade
The draft UK Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 were laid before the UK parliament and have been published, alongside an…
more
/ Administrative Law, Finance & Banking, International Law & Trade
The European Central Bank (ECB) has published a consultation paper (CP) exploring the extension of operating hours for its real-time gross settlement (RTGS) system, T2. This involves both its daily operational hours and its…
more
/ Finance & Banking, International Law & Trade