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May 26, 2021
Info 26 May 2021 by eub2 -- last modified 26 May 2021 As of 26 May, new EU rules on medical devices (MDR) enter into application, establishing a modern and more robust regulatory framework to protect public health and patient safety. Advertisement 1. Why is there a need for new rules on medical devices? The EU rules on the safety and performance of medical devices were created in the 1990s. To reflect the substantial technological and scientific progress in this sector over the last 20 y...
May 24, 2021
To embed, copy and paste the code into your website or blog: Reports on key recent regulatory developments focussing on banking and finance. See also our Financial institutions general regulatory news and other sector news in the Related Materials links. Contents LIBOR transition: Working Group recommends successor rate for fallbacks in bond documents Securitisation requirements: ECB to supervise bank compliance SSM reporting of supervisory financial information: ECB adopts amendments EU crisis...
May 21, 2021
Our weekly update on key regulatory topics affecting the financial services sector.
May 5, 2021
Recent regulatory developments of interest to most financial institutions.ย Contents Tackling financial exclusion: House of Lords Liaison Committee follow-up report Safe harbour provisions to support the wind-down of critical benchmarks: RFRWG letter Net zero and the future of green finance: Treasury Committee report UK Future Regulatory Framework Review: BoE speech on PRA policymaking UK MiFID research and best execution reporting requirements: FCA CP21/9 Strengthening financial promotion rul...
April 29, 2021
Introduction Since the EU Commission Implementing Regulation (2019/947/EU) on the rules and procedures for the operation of unmanned aircraft systems (UAS) (24 May 2019) took effect on 31 December 2020, air operations with UAS (also known as drones) have been governed by EU legislation. The EU legal framework leaves member states with a certain level of flexibility to regulate matters outside the scope of the EU Commission Implementing Regulation. Further, within the transitional period and unt...
April 26, 2021
To embed, copy and paste the code into your website or blog: Reports on key recent regulatory developments focussing on banking and finance. See also our Financial institutions general regulatory news and other sector news in the Related Materials links. Contents Mortgage Guarantee Scheme: PRA statement on regulatory treatment of mortgage loans LIBOR transition in sterling structured products: Working Group paper EU CRR: Implementing Regulation on ITS on public disclosures Targeted review of in...
April 26, 2021
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April 19, 2021
To embed, copy and paste the code into your website or blog: This week, reports on recent UK and EU regulatory developments of interest to insurers and their intermediaries. See also our Financial institutions general regulatory news in the Related Materials links. Contents IDD single rulebook launched by EIOPA Insurance product manufacturers: EIOPA consults on framework to address value for money risk in EU unit-linked market Solvency II: EIOPA annual report on limitations and exemptions from ...
April 5, 2021
This week reports on recent EU regulatory developments focussing on banking and finance.ย Contents EU CRR: Corrigendum to Commission Implementing Regulation containing ITS on reporting requirements for market risk CRD: Delegated Regulation amending RTS on methodology for identification of G-SIIs and definition of subcategories of G-SIIs Bail-in for international debt securities: SRB guidance Delegated Regulation amending arrangements for payments of contributions to SRBs administrative expendi...
April 1, 2021
Brexit HoL EU Services Sub-Committee report on trade in services On 24 March, the HoL European Union Committee published a new report on UK-EU trade in services. The report concludes that despite the agreement of the Trade and Cooperation Agreement (TCA), the UK and EU still have work to do in overcoming the significant challenges that remain for trade in services. The report focuses on the implications on sectors including: (i) financial services, the TCA does not include substantive provision...