Warum eine 5. (EU)-Geldwäscherichtlinie?

Warum eine 5. (EU)-Geldwäscherichtlinie, wenn die 4. gerade umgesetzt wurde?
The regulatory chronicle of Eric de Nexon

Main market initiatives - General Overview
Main market initiatives - General Overview
Transparency rules on tax intermediaries
On 5 June 2018, Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation...
International and European news
On 5 June 2018, Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements in order to disclose potentially aggressive tax planning arrangements (also commonly referred to as DAC6) was...
Transparency rules on tax intermediaries
Clarification on safekeeping duties of fund depositaries
On July 12, 2018, the European Commission adopted revisions to the Delegated Regulations on the safekeeping duties of...
International and European news
On July 12, 2018, the European Commission adopted revisions to the Delegated Regulations on the safekeeping duties of depositaries under both the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities Directive (UCITS).
Clarification on safekeeping duties of fund depositaries
Final guidelines on MiFID2 suitability requirements
On 28 May 2018, the European Securities and Markets Authority published its Final Report – Guidelines on certain aspects...
International and European news
On 28 May 2018, the European Securities and Markets Authority published its Final Report – Guidelines on certain aspects of the MIFID II suitability requirements.
Final guidelines on MiFID2 suitability requirements
EMIR & EMIR REFIT: beginning of the trialogue
On 12 June 2018, the European Parliament, in a plenary session, voted for its version of the draft revision of the EMIR...
International and European news
On 12 June 2018, the European Parliament, in a plenary session, voted for its version of the draft revision of the EMIR (EU) regulation no. 648/2012 REFIT.
EMIR & EMIR REFIT: beginning of the trialogue
SRD II - Preparation of the Implementing Acts
From 11 April to 9 May 2018, the European Commission launched a consultation on its plan to implement the revised...
International and European news
From 11 April to 9 May 2018, the European Commission launched a consultation on its plan to implement the revised Shareholder Rights Directive (SRD II).
SRD II - Preparation of the Implementing Acts
CSDR: publication of delegated regulation on settlement discipline
On 25 May 2018, the European Commission adopted the text on the settlement discipline (last level 2 text of the CSDR...
International and European news
On 25 May 2018, the European Commission adopted the text on the settlement discipline (last level 2 text of the CSDR regulation).
CSDR: publication of delegated regulation on settlement discipline
European Commission issues legislative package on sustainable finance
On 24 May 2018, the European Commission adopted a package of news regulations on Financing a Sustainable Growth in...
International and European news
On 24 May 2018, the European Commission adopted a package of news regulations on Financing a Sustainable Growth in Europe.
European Commission issues legislative package on sustainable finance
Securitisation Regulation: final draft of technical standards
On 16 July 2018, The European Securities and Markets Authority (ESMA) has issued a first set of technical standards...
International and European news
On 16 July 2018, The European Securities and Markets Authority (ESMA) has issued a first set of technical standards under the Securitisation Regulation (SR) containing both draft regulatory and implementing standards (RTS/ITS).
Securitisation Regulation: final draft of technical standards
BCBS-IOSCO criteria for identifying short-term STC securitisations
On 14 May 2018, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities...
International and European news
On 14 May 2018, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) issued “Criteria for identifying simple, transparent and comparable short-term securitisations » (the short-term STC criteria).
BCBS-IOSCO criteria for identifying short-term STC securitisations
BREXIT - White Paper on Legislating for the Withdrawal Agreement
On 24 July 2018, The UK Department for Exiting the EU has published a White Paper explaining how the UK’s Withdrawal...
International and European news
On 24 July 2018, The UK Department for Exiting the EU has published a White Paper explaining how the UK’s Withdrawal Agreement will be put into law.
BREXIT - White Paper on Legislating for the Withdrawal Agreement
5th anti-money laundering and financing of terrorism directive
On 14 May 2018, the European Council adopted a directive amending the 4th AML/CFT Directive which strengthens EU rules...
International and European news
On 14 May 2018, the European Council adopted a directive amending the 4th AML/CFT Directive which strengthens EU rules to prevent money laundering and terrorist financing.
5th anti-money laundering and financing of terrorism directive
HK - OTC derivatives regulatory regime in Hong Kong
On 27 June 2018, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued...
National news
On 27 June 2018, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued conclusions to a joint consultation on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong.
HK - OTC derivatives regulatory regime in Hong Kong
US - Standards of conduct for investment advisers and broker dealers
On 18 April 2018, the US Securities and Exchange Commission (“SEC”) issued three documents with the stated goal of...
National news
On 18 April 2018, the US Securities and Exchange Commission (“SEC”) issued three documents with the stated goal of improving “the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving investor access to a variety of advice relationships and investment products.
US - Standards of conduct for investment advisers and broker dealers
RS - Serbian Law on Foreign Exchange amended
On 20 April 2018, the amendments to the Law on Foreign Exchange were adopted and entered into force on 28 April 2018.
National news
On 20 April 2018, the amendments to the Law on Foreign Exchange were adopted and entered into force on 28 April 2018.
RS - Serbian Law on Foreign Exchange amended
CH - New clearing obligation for certain OTC products in Switzerland
On 16 May 2018, the Swiss Financial Market Supervisory Authority, FINMA, published the revision of its Ordinance on...
National news
On 16 May 2018, the Swiss Financial Market Supervisory Authority, FINMA, published the revision of its Ordinance on Financial Market Infrastructure (FMIO-FINMA) which introduces a clearing obligation for certain interest rate derivatives.
CH - New clearing obligation for certain OTC products in Switzerland
UK - Implementation of the BEPS multilateral instrument
On 23 May 2018, the UK Government has made a statutory instrument 2018/630 to bring into effect arrangements between the...
National news
On 23 May 2018, the UK Government has made a statutory instrument 2018/630 to bring into effect arrangements between the UK and 77 other jurisdictions following the outcome of the OECD BEPS project (Base Erosion and Profit Shifting).
UK - Implementation of the BEPS multilateral instrument
ES - IBERCLEAR transformation procedure amended
On 11 June 2018, IBERCLEAR, the Spanish central securities depository (CSD), has amended its transformation process in...
National news
On 11 June 2018, IBERCLEAR, the Spanish central securities depository (CSD), has amended its transformation process in order to avoid the need for counterparties to bilaterally agree on reinstructing new trades in the ordinary or new ISIN at the end of a rights issue or any other type of ISIN transformation, when a trade remains unmatched on record date.
ES - IBERCLEAR transformation procedure amended
BE - Draft law introducing the Belgian Code of Companies and Associations
On 5th June 2018, the Belgian Chamber of commercial law published on its website the draft law introducing the Code of...
National news
On 5th June 2018, the Belgian Chamber of commercial law published on its website the draft law introducing the Code of Companies and Associations.
BE - Draft law introducing the Belgian Code of Companies and Associations
IT - Framework agreement between CONSOB and BANCA D'ITALIA
On June 8, the National Commission for Companies and the Stock Exchange (CONSOB) and Banca d'Italia signed a...
National news
On June 8, the National Commission for Companies and the Stock Exchange (CONSOB) and Banca d'Italia signed a Framework-Agreement for collaboration and coordination in the exercise of their supervision and resolution functions.
IT - Framework agreement between CONSOB and BANCA D'ITALIA
DE - German taxability of income on securities lending and repo transactions
15 May 2018 the German Ministry of Finance issued a circular letter giving some guidance with respect to the newly...
National news
15 May 2018 the German Ministry of Finance issued a circular letter giving some guidance with respect to the newly introduced taxation of income from securities lending/repos on investment fund level.
DE - German taxability of income on securities lending and repo transactions
LU - Designation of competent authorities for the supervision of SFTR
On 6 June 2018, the Luxembourgish legislator issued a new law to locally implement the European Securities Financing...
National news
On 6 June 2018, the Luxembourgish legislator issued a new law to locally implement the European Securities Financing Transactions Regulation (SFTR).
LU - Designation of competent authorities for the supervision of SFTR
FR - Amendment of the RGAMF following the application of the Prospectus Regulation
The decree of 11 July 2018 amended Book II of the AMF General Regulation when the provisions of the Prospectus...
National news
The decree of 11 July 2018 amended Book II of the AMF General Regulation when the provisions of the Prospectus Regulation came into effect on 21 July 2018.
FR - Amendment of the RGAMF following the application of the Prospectus Regulation
FR - PACTE Bill and Retirement Savings
On 18 June 2018, the "Action Plan for Business Growth and Transformation", Bill, known as PACTE (Plan d'Action pour la...
National news
On 18 June 2018, the "Action Plan for Business Growth and Transformation", Bill, known as PACTE (Plan d'Action pour la Croissance et la Transformation des Entreprises), was presented to the Council of Ministers.
FR - PACTE Bill and Retirement Savings