Detmar Loff

Oct 15, 2024 | lexology.com | Tim Cant |Detmar Loff |Hubert Blanc-Jouvan |Tobias Bauerfeind |Sid Ulker |Vidhi Mahajan | +3 more

ESMA has published a consultation paper on the transaction data reporting and order book record keeping requirements introduced by Regulation (EU) 2024/791 (Updated MiFIR). This is the latest in a series of consultations published by ESMA as it fulfils its various mandates as part of the MIFID Review (see our briefing here) in light of Updated MiFIR entering into force (see our briefing here).

Jul 9, 2024 | lexology.com | Detmar Loff |Tobias Bauerfeind |Sophie Skeet |Cornelius Hille

Financial MarketsNo new entries. Banking and Prudential1. BaFin: Updated information sheet on external bail-in implementationBaFin has published an expanded information sheet on external bail-in implementation which now covers all mandatory information required by the European Banking Authority.

Jun 11, 2024 | lexology.com | Lorraine Johnston |Detmar Loff |Hubert Blanc-Jouvan |Antonios Nezeritis |Arnaud Julien |Marc Hirtz | +1 more

On 14 May 2024, ESMA published its final report on Guidelines on funds' names using ESG or sustainability-related terms (ESMA/34-472-440) (the "Guidelines"). This follows on from ESMA's original consultation (see our previous briefing here). The objective of the Guidelines is to combat greenwashing and ensure that where the name of funds indicate an ESG objective or criteria, the portfolio and investment process reflects that profile.

Jun 3, 2024 | lexology.com | Jake Green |Hubert Blanc-Jouvan |Detmar Loff |Pilar Lluesma |Bradley Rice |Lorraine Johnston | +2 more

ESMA has published a statement on the use of AI systems by investment firms and relevant MIFID considerations. This appears to be the most detailed and significant statement so far by ESMA for investment firms in relation to this area, (although ESMA officials have published speeches on the increasing use of AI systems by investment firms and the importance of investor protection) and contains important information for firms.

Mar 28, 2024 | lexology.com | Etay Katz |Jake Green |Lorraine Johnston |Tim Cant |Bradley Rice |Detmar Loff | +9 more

Legislative amendments to MIFIR (Updated MiFIR) and MIFID (Updated MiFID) have been published in the Official Journal. The texts were introduced by the European Commission in November 2021 (see our briefing here).