After the Council, which voted last December to amend the European Commission's (EC) proposal, it is up to Parliament (EP) to formalise its vision of the future CSDR Refit*.

The Pilot Regime comes into force in a few days’ time on Thursday, 23 March.

In recent years, we have seen a significant increase in the importance of CSR issues within the finance industry, driven by the urgency of certain major challenges such as climate change and the decline in biodiversity, as well as an awareness of the levers we have as investors and the potential for value creation within the companies in which we invest.

Payments in EURO on the TARGET 2, EURO1/STEP1 payment systems will be required to adopt the new SWIFT ISO20022 standard as of 20 March 2023. The SWIFT ISO 20022 standard thus becomes the new defined standard for financial messages, in particular payment messages, which will be deployed between March 2023 and November 2025 (due to the delayed start announced in...

On the 15 February 2023, the Securities and Exchange Commission adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1).

The AMF proposes that the European Commission introduce in European law minimum environmental standards that financial products should meet to be categorised “Article 9” or “Article 8” under SFDR*.

The Spanish settlement process is on the cusp of another reform, underpinned by the latest Securities Law which removes the post trade interface.

The difficulties encountered following the implementation of the penalties in February 2022 (whether on daily and monthly reporting or on the payment itself) led to the creation of three Task Forces bringing together the various players in the industry.

Swiss L-QIF: this new type of fund should be deployed in 2023 and could compete with the Luxembourg RAIF. How do these two types of funds work?

The AMF, the French Financial Market Authority expressed its support in 2022 for the generalisation of the three liquidity management tools: Gates, Swing Pricing and Anti-Dilution Levies (ADL). On 24 November 2022, the AMF, following October’s update of its DOC-2017-05 policy on Gates, published another update on the introduction of Swing Pricing or ADL...

Let's take advantage of the end of the year to look back at the 2022 regulatory developments. The year was marked by some progress, much debate and some delays. Let's take a closer look at this regulatory news with a major theme: ESG for all.

As part of its sustainable finance action plan with the publication and entry into force of two major regulations (SFDR, EU Regulation 2019/2088, and Framework Regulation, EU Regulation 2020/852, known as the Taxonomy Regulation), the European Commission has had to make changes to other regulations in order to take account of sustainability factors.

On 24 November 2022, the AMF (Autorité des Marchés Financiers), following October’s update of its DOC-2017-05 policy on Gates, published another update relative to the introduction of swing pricing or acquired adjustable rights mechanisms.

The SFDR technical standards apply from 1 January 2023.

In the context of the entry into application on 1 January 2023 of new transparency requirements for the non-financial approaches of UCITS and AIF managers, the AMF amended on 10 November 2022 its policy on the investor letters.