FIN.

Author - Emma Radmore

ESMA updates MiFID 2 FAQs

ESMA has updated its FAQs on MiFID 2 and MiFIR in respect of investor protection and intermediaries.  There is a new question on how to classify financial instruments under RTS 27 for best execution purposes when ESMA...

FCA updates SMCR page

FCA has reminded solo-regulated firms that if they want to opt up to the Enhanced firm category, they must submit their Form K (which all Core and Enhanced firms must submit anyway) together with their Form O, by 24...

FCA makes CFD limiting rules

FCA has confirmed the restrictions it is putting in place for firms that offer CFDs to retail customers. It is requiring all firms that offer  CFDs and CFD-like options to retail consumers to: limit leverage –...

FCA confirms market code recognition

FCA has confirmed it is recognising the FX Global Code and the UK Money Markets Code. These are the first codes to be recognised under its new scheme. While FCA will not supervise firms or individuals directly against...

EP publishes amended funds law changes

The European Parliament has published a new version of the proposed revised funds marketing Regulation and Directive.  Among the changes are: to specify that pre-marketing may be directed at professional investors only;...

FCA consults on fees

FCA’s consultation on fees and levies for 2019/20. Among key proposals are: an increase of minimum fees and flat fees of 2% for the A, and CC1  and 2 fee blocks; unchanged variable fee rates for consumer credit...

ESAs publish PRIIPs KID FAQs

The ESAs have published further Q&As on the KID requirement for PRIIPs. The updates are on both general topics (in respect of calculating the minimum holding period for a product)  and MOPs, in terms of the form and...

FCA makes new rules

FCA’s latest handbook notice outlines all the rules adopted by FCA in its February and March Board meetings, including some not reported on in other FIN items. It includes a fill its of all the Brexit instruments...

FCA finalises CMC SMCR rules

FCA has published its policy statement and final rules explaining how it will apply the SMCR to CMCs.  In the main, it has confirmed the rules it proposed, with a few adjustments following consultation. The key elements...