Tag Archives: Commission
The RTS under MiFID 2 on information to be notified by investment firms, market operators and credit institutions when applying for a MiFID 2 passport has been published in the OJ. The RTS include the information required for a tied agent passport notification.
The EP has published a draft report on the Action Plan for retail financial services. The report: says the EU retail financial services market is still underdeveloped and fragmented, but recognises that such a market will work only if it delivers real customer value; welcomes the Commission’s action plan working towards a single technology-enabled market; […]
The Commission has written to the EBA explaining why it plans to amend the draft RTS under PSD2 on customer authentication and standards of communication. The key areas of change are: to ensure statutory audit of the risk analysis methodology; a new exemption to the application of strong customer authentication for certain corporate payments which […]
Unsurprisingly, the European Parliament has again rejected the Commission’s proposed list of high risk third countries under MLD4.
The College of Commissioners has sent a recommendation to the Council to open Article 50 negotiations, following on from the political guidelines adopted a few days ago. The negotiating directives focus on: safeguarding the rights and status of citizens and their families; agreement on the principles of the financial settlement (before anything else); not undermining […]
The Council has decided not to object to the Commission’s revised list of high-risk jurisdictions for the purposes of MLD4. This means the Regulation can enter into force unless the European Parliament objects. The list is as originally suggested by the Commission except that Guyana is deleted and Ethiopia takes its place.
The EP is to debate the Commission’s revised draft Delegated Regulation under MLD4 that identifies high-risk third countries. The Commission has removed Guyana from its list and added Ethiopia. EP has asked for more time to consider the amended draft (having rejected its predecessor).
The European Commission has published a consultation document on the CMU action plan in connection with its planned mid-term review. The consultation provides an opportunity for stakeholders to provide targeted input to update and reframe the programme of actions required. Among actions that the Commission is keen to identify are those that strengthen non-bank sources […]