Key Updates and Deadlines

A quick summary of recent publications, consultations or any other relevant NCAs & ESAs initiatives including enforcement actions in the EU, the UK and Switzerland:

February

• 13.02.2024: ESMA publishes the January Newsletter
• 13.02.2024: AMF updates DOC-2008-23 on investment advice and DOC-2018-03 on the placing of financial instruments without a firm commitment basis, investment advice and consultancy services provided to firms to integrate the latest ESMA briefing published in July 2023
• 13.02.2024: ESMA clarifies certain reporting requirements under MiFID II (RTS27 & RTS 28)
• 06.02.2024: ESMA issues a Warning Statement in relation to Investment recommendations posted on social media
• 06.02.2024: AMF publishes the Summary of SPOT inspections on the handling of complaints by investment services providers
• 02.02.2024: ESMA updates its Q&As on Credit Rating agencies, EMIR, MiCA and MiFIR

January

• 30.01.2024: CSSF publishes the January Newsletter
• 29.01.2024: ESMA consults on Reverse Solicitation and Classification of Crypto-Assets under MiCA. Closes on 29 April 2024
• 18.01.2024: EBA consults on Guidelines on the management of ESG risks. It closes on 18 April 2024.
• 18.01.2024: AMF publishes its supervisory priorities for 2024, i.e., asset management, intermediaries and market infrastructures, and the marketing of financial products
• 17.01.2024: ESAs publish the first set of rules under DORA for ICT and Third-Parties risks management and incident classification (RTS on ICT risk management framework and on simplified ICT risk management framework, RTS on criteria for the classification of ICT-related incidents, RTS on ICT TPP policy and ITS on the register of information)
• 16.01.2024: EBA updates its Guidance EBA/GL/2024/01 on ML/TF risks by adding a sectoral guidance for crypto-asset service providers to effectively manage their exposure to ML/TF risks
• 11.01.2024: ESMA publishes the December Newsletter

December

• 21.12.2023: ESMA consults on possible changes to the securitisation disclosure templates. Close on 15^th March 2024.
• 21.12.203: EBA consults on Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national sanctions. Closes on 25^th March 2024.
• 20.12.2024: AMF publishes the Summary of spot inspections on cybersecurity systems within management companies
• 20.12.2023: FINMA publishes Guidance on staking services
• 20.12.203: FCA consults on Listing rules reform. Closes on 16.02.2024 (Sponsors competence) and 22.03.2024 (Listing rules)
• 20.12.2023: FCA consults on proposed changes to the bond and derivative transparency regime in the UK (e.g., revise the transparency framework for the bond and derivative markets in the UK, define scope and calibration of the new framework, clarify exemptions from post-trade transparency, improve the content of post-trade information: fields and flags and refine the definition of a systematic internaliser). Closes on 06.03.2024
• 19.12.2023: ESMA finalises technical standards under the ELTIF Regulation (Final report on RTS specifying obligations concerning hedging derivatives, redemption policy and liquidity management tools, trading and issue of units or shares of an ELTIF, and transparency requirements)
• 19.12.2023: IOSCO Finalises its Policy Recommendations for Decentralized Finance
• 19.12.2023: CSSF publishes the December Newsletter
• 19.12.2023: FCA, PRA and BoE publish the annual CBEST thematic report (Best practices for Firms in relation to cybersecurity)
• 18.12.2023: EBA publishes Guidelines EBA/GL/2023/08 on the benchmarking of diversity practices under the Capital Requirements and Investment Firms Directives (e.g., diversity policies and gender pay gap)
• 15.12.2023: ESMA updates Q&AS on benchmark Regulation, MiFID II & MiFIR investors protection and EU Crowdfunding services
• 15.12.2023: ESMA consults on draft Guidelines for supervision of corporate sustainability information. Closes on 15^th March 2024.
• 15.12.2023: EBA publishes Guidance EBA/GL/2023/09 to assess the knowledge and experience of the management or administrative organ of a credit servicer.
• 15.12.2023: FCA issue PS23/18 to set out the final rules for insurance firms that transfer and replace retained EU law provisions from the Insurance Distribution Directive
• 14.12.2023: ESMA publishes a Discussion Paper on the digitalisation of retail investment services and related investor protection considerations. It closes on 14^th March 2024
• 14.12.203: EBA publishes the roadmap on the implementation of the EU banking package.

A high level summary of new regulations and/or relevant guidelines/circulars can be found on our page: new regulations and regulatory initiatives