Sid Ulker

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).

Aug 20, 2024 | lexology.com | Tim Cant |Jake Green |Sid Ulker |Vidhi Mahajan

The FCA is making a few changes to the derivatives trading obligation and post-trade risk reduction services. This includes notification and disclosure requirements. Firms should review proposals to ensure adequate arrangements are in place in time for implementation of the rules.

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).

Sep 20, 2023 | lexology.com | Etay Katz |Tim Cant |Lorraine Johnston |Vidhi Mahajan |Bradley Rice |Emma Tran | +6 more

The Financial Services and Markets Act 2023 has been published following Royal Assent on 29 June 2023. The Financial Services and Markets Act Bill was first introduced in July 2022 (see our briefing here) and is the most significant piece of post-Brexit legislation since the Financial Services Act 2021.

Sep 5, 2023 | lexology.com | Emma Tran |Etay Katz |Sid Ulker |Bradley Rice

On 31 May 2022, HM Treasury issued a consultation paper "Managing the failure of systemic digital settlement asset (including stablecoin) firms". The consultation sets out the Government’s proposed approach to managing the failure of systemic digital settlement asset (including stablecoin) firms, by applying a modified Financial Market Infrastructure Special Administration Regime to these firms.