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IOSCO’s Final Report on Transition Plans
February 2025 Transition plans represent a key element of information related to climate change, as they structure the strategic plans and risk management processes proposed by an entity to address the risks, opportunities and potential changes associated with the transition to a lower carbon economy. Entities increasingly consider such plans necessary to ensure appropriate access…
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IOSCO Consultation Report on Finfluencers
February 2025 The use of social networks to share any type of content, especially among the younger population, is an increasingly common practice. The so-called “finfluencers” are individuals who present themselves as experts who share personal experiences, market analysis and investment advice in an engaging and accessible way. Their growing influence is changing the way…
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European Commission public consultation on the review of the MiFID II/MiFIR regulatory framework. International Bulletin of June 2020.
On 17 February, the European Commission published a consultation to obtain the views of stakeholders on certain aspects of the legal regime for financial markets instruments regulated by MiFID II1/MiFIR2 and, where appropriate, propose any review that is deemed appropriate. The consultation was open until 18 May. The consultation document contains three sections. The first…
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Final report published by the Financial Conduct Authority on its asset management market study
On 28 June, the Financial Conduct Authority (FCA) published the results of its asset management market study and announced a set of remedies to improve competition and to address the concerns identified. The UK’s asset management industry is the second largest in the world, managing around £6.9 trillion of assets. Over £1 trillion is managed…
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The new Prospectus Regulation and its implementing measures
Prospectuses are documents that set out information about an issuer and the securities they intend to issue or wish to have admitted for trading on a regulated market. Prospectuses are mandatory in this latter case and when making a public offering. The prospectus should give investors the information they need to make an informed decision…
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European Commisssion Communication on the Capital Markets Union Mid-term review
In September 2015, the European Commission launched its Capital Markets Union (CMU) Action Plan to boost jobs and growth in the EU. Two years on, in January, the Commission held its scheduled public consultation based on the mid-term review of the Plan. The consultation closed on 17 March having garnered 178 responses. It had three…
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Review of EMIR (European Market Infrastructure Regulation)
Further to the Communication of 4 May 2017, on 13 June the European Commission (EC) published a new proposal of Regulation (EU) XXX, known as EMIR 2.2, amending Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority) and amending Regulation (EU) No 648/2012 as regards the procedures and authorities involved…
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The European Commission proposes new rules for the recovery and resolution of Central Counterparties. February 2017.
On November 28 the European Commission (EC) published its Proposal for a Regulation of the European Parliament and of the Council on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, and (EU) 2015/2365. Central counterparties (CCPs) make an important contribution to financial market stability,…
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IOSCOs Final Report on Cross-Border Regulation
IOSCO published, on 7 September 2015, its Final Report on Cross-Border Regulation, prepared by the Task Force on Cross-Border Regulation established in June 2013. Regulators’ international experience in developing and implementing cross-border regulation in the global securities markets has revealed the challenges they faced in order to ensure the effectiveness of national regulations, while not…
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A common European framework for securitisation as one of the priorities fo building a capital markets union. November 2015.
The European Commission (EC) has published a proposal for a Regulation of the European Parliament and of the Council laying down common rules on securitisation and creating a European framework for simple, transparent and standardised securitisation. In order to achieve consistency of the provisions currently in force on securitisation, the proposal includes amendments of the…
