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| 1 | Hot topics: Exchange traded funds (ETFs) An outline of the regulatory initiatives at an international, EU and UK level relating to exchange traded funds (ETFs). This note also tracks developments in this area, and sets out the milestones for future development. It includes a key primary source material table which contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties. | Practice Note: Overview | Maintained |
| 2 | MiFID: overview In this practice note, Hugh Merritt, Senior Associate at Hogan Lovells, provides an overview of the purpose and key provisions of the Markets in Financial Instruments Directive (2004/39/EC). It covers: MiFID's structure. How MiFID was implemented in the UK. Whom MiFID affects. Key aspects of MiFID for investment firms. The regime for markets. Cross-border activities (that is, the EU passport). | Practice Note: Overview | Maintained |
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| 1 | Consultation responses: MiFID II and MiFID review This tracker contains links to the key responses to the MiFID II legislative proposals and related consultation papers, including those pre-dating publication of the proposals. It includes links to responses from trade and consumer bodies as well as other interested stakeholders, including the FSA and UK government. | Practice Notes | Maintained |
| 2 | International Banking This Note discusses the regulation of international banking activities in the US, including: (i) the US activities of foreign banks through representative offices, branches, Edge corporations, and other forms of subsidiaries; and (ii) the foreign activities of US banks through branches, agencies, Edge corporations and other forms of foreign subsidiaries and investments. International banking facilities are also discussed. | Practice Notes | Maintained |
| 3 | MiFID II: legislative proposals This practice note outlines the European Commission's legislative proposals to amend the Markets in Financial Instruments Directive (2004/39/EC), which were published on 20 October 2011 (MiFID II). For a summary of, and links to, PLC Financial Services MiFID materials, see Practice note, A guide to PLC Financial Services MiFID materials. | Practice Notes | Maintained |
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| 1 | The Vickers Report's Proposal to Ring Fence UK Banks ... This Article analyzes the UK Vickers Report's ring-fencing proposals for commercial banks and compares those proposals with the analogous restrictions under US banking law. | Articles | 22-Nov-2011 |
| 2 | Resolving the dilemma of British banking: the final report of ... In this article, based on a briefing, the Financial Regulation Group at Slaughter and May considers the final report of the Independent Commission on Banking (ICB), published on 12 September 2011, commenting on the practical implications of the ICB's recommendations and suggesting that some of the initial criticisms levelled at the report have been misplaced. An analysis of the practical implications of the ICB's recommendations for the insurance sector can be found in a related Slaughter and May article, see Article, The final report of the Independent Commission on Banking: implications for the insurance sector. | Articles | 23-Sep-2011 |
| 3 | EU financial reforms: impact on OTC derivative and ... A consideration of the impact of the EU financial reforms on the OTC derivative and commodities market and a comparison with the US Dodd-Frank Act proposals for reform in this area. | Articles | 01-Dec-2010 |
| 4 | Adapting to tough times: current trends in hedge funds This article considers the liquidity mismatch that funds have faced as a result of the financial crisis, and examines the solutions they have found to deal with the problem. It also looks at trends that are emerging in the area, such as the introduction of longer lock-up periods by funds, the increasing popularity of hybrid funds and changing investor preferences. | Articles | 23-Jul-2009 |
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| 1 | FSB reports to G20 on progress of financial regulatory reforms The Financial Stability Board (FSB) has published a letter (dated 15 April 2013) sent to the G20 ahead of its meeting on 18 to 19 April 2013, reporting on the progress being made in financial regulatory reforms. | Legal Update: archive | 22-Apr-2013 |
| 2 | FSB reports on progress of financial regulatory reforms to G20 The Financial Stability Board (FSB) has published a letter (dated 12 February 2013) sent to the G20 ahead of its meeting on 15 to 16 February 2013, reporting on the good progress being made in financial regulatory reforms. | Legal Update: archive | 18-Feb-2013 |
| 3 | IOSCO and IFSB to develop international regulatory standards ... The International Organization of Securities Commissions (IOSCO) has published a press release jointly with the Islamic Financial Services Board (IFSB) and the Securities Commission Malaysia, on the increasing need to enhance and harmonise disclosure requirements in the Islamic capital market. | Legal Update: archive | 18-Sep-2012 |
| 4 | European Parliament adopts EMIR The European Parliament has published a press release announcing it has adopted the European Market Infrastructure Regulation (EMIR) (also known as the Regulation on over-the-counter (OTC) derivative transactions, central counterparties (CCPs) and trade repositories). (Free access.) | Legal Update: archive | 29-Mar-2012 |
| 5 | IOSCO consults on principles for the regulation of ETFs The Technical Committee of the International Organization of Securities Commissions (IOSCO) has published a consultation report on principles for the regulation of exchange traded funds (ETFs). | Legal Update: archive | 14-Mar-2012 |
| 6 | Trialogue reach agreement on EMIR The European Parliament, Council of the European Union and European Commission have reached agreement on the proposed European Market Infrastructure Regulation (EMIR). | Legal Update: archive | 10-Feb-2012 |
| 7 | Trade associations commission study into viability of mutual ... An article has been published on ft.com, reporting that a coalition of trade associations has jointly commissioned a study into the viability of establishing a mutual recognition regime between US and European regulators. | Legal Update: archive | 17-Jan-2012 |
| 8 | FSB progress reports endorsed by G20 leaders at Cannes ... On 4 November 2011, the FSB published a number of papers, which were endorsed by the G20 leaders at the Cannes summit. | Legal Update: archive | 04-Nov-2011 |
| 9 | European Commission publishes MiFID II legislative ... The European Commission has published legislative proposals to amend the Markets in Financial Instruments Directive (2004/39/EC). The proposals (referred to as MiFID II) consist of a Directive and a Regulation. They are intended to make financial markets more efficient, resilient and transparent, strengthen investor protection, increase the supervisory powers of regulators and provide clear operating rules for all trading activities. (Free access) | Legal Update: archive | 20-Oct-2011 |
| 10 | ISDA Publishes 2011 Equity Derivatives Definitions An update on the publication of ISDA's 2011 Equity Derivatives Definitions. | Legal Update: archive | 12-Jul-2011 |
| 11 | ISDA response to FSB progress report on OTC derivative ... The International Swaps and Derivatives Association (ISDA) has published its response to the Financial Stability Board's (FSB) April 2011 progress report on implementing the G20 over-the-counter (OTC) derivatives market reforms. | Legal Update: archive | 13-May-2011 |
| 12 | Government announces new structure for UK financial ... The government has announced major changes to the UK's financial services regulatory structure including the abolition of the FSA in its current form. | Legal Update: archive | 17-Jun-2010 |
| 13 | FSB publishes implementation standards for its compensation ... On 25 September 2009, the Financial Stability Board published implementation standards for its principles for sound compensation practices. | Legal Update: archive | 28-Sep-2009 |
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| 1 | ECJ holds that Article 6 of the Unfair Terms Directive is ... A report about the ECJ judgment in the case of Asturcom Telecommunications SL v Maria Cristina Rodriguez Nogueira, Case C-40/08, in October 2009. | Legal Update: Case Report | 08-Oct-2009 |