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National news

26
May
2020
FR - Modernisation of life insurance products and retirement savings products
Once Article 72 of the PACTE Law took effect on 1 January 2020, insurance companies can sell new Eurocroissance products...
National news
Once Article 72 of the PACTE Law took effect on 1 January 2020, insurance companies can sell new Eurocroissance products in their life insurance and retirement savings policies.
FR - Modernisation of life insurance products and retirement savings products
26
May
2020
FR - Amendment of legal framework for funds placed in run-off management
Decree No. 2020-286 implementing the PACTE Law amends provisions on segregated funds for the run-off management of...
National news
Decree No. 2020-286 implementing the PACTE Law amends provisions on segregated funds for the run-off management of assets in a collective investment that are no longer recoverable.
FR - Amendment of legal framework for funds placed in run-off management
26
May
2020
IE - Central Bank of Ireland – Split of the Designated Person (PCF-39) Role
On 25 February 2020 the Central Bank of Ireland issued a Notice of Intention proposing for the persons responsible for...
National news
On 25 February 2020 the Central Bank of Ireland issued a Notice of Intention proposing for the persons responsible for the six key management functions of a UCITS management company or AIFM ("Designated Persons") to be separately classified Pre-Approved Controlled Functions ("PCFs") under its fitness and probity regime.
IE - Central Bank of Ireland – Split of the Designated Person (PCF-39) Role
26
May
2020
LU - CSSF circulars on reporting and stress tests for MMF
On 28 January 2020, the CSSF published the following three Circulars for the attention of all money market funds...
National news
On 28 January 2020, the CSSF published the following three Circulars for the attention of all money market funds (“MMF(s)”) under the supervision of the CSSF and Luxembourg managers of MMFs as well as of those that take part in the functioning and control of these undertakings:
LU - CSSF circulars on reporting and stress tests for MMF
26
May
2020
DE - German regulator publishes guidance notice on sustainability
On 20 December 2019, the German Federal Financial Supervisory Authority (BaFin) has issued a guidance notice on dealing...
National news
On 20 December 2019, the German Federal Financial Supervisory Authority (BaFin) has issued a guidance notice on dealing with sustainability risks (ESG Guidance Notice).
DE - German regulator publishes guidance notice on sustainability
26
May
2020
IT - new rules about transparency and declaration of intentions in Italy
On 9 April 2020, Consob has adopted two measures which, in the context of the new powers given to the Authority by the...
National news
On 9 April 2020, Consob has adopted two measures which, in the context of the new powers given to the Authority by the "Business Decree", provide for a regime of enhanced transparency as regards both the obligation to disclose significant shareholdings in specific Italian companies listed on the Stock Exchange and the "declaration of intentions" in the event...
IT - new rules about transparency and declaration of intentions in Italy
26
May
2020
ES - Approval of a New Spanish Financial Transaction Tax (FTT)
On 28 February 2020, the Bill on the Spanish Financial Transaction Tax (the “Bill”) has been published in the official...
National news
On 28 February 2020, the Bill on the Spanish Financial Transaction Tax (the “Bill”) has been published in the official Gazette of the Spanish Parliament.
ES - Approval of a New Spanish Financial Transaction Tax (FTT)
26
May
2020
UK - LIBOR transition: The roadmap for 2020
On 16 January 2020, the Bank of England (BoE), Financial Conduct Authority (FCA) and the Working Group on Sterling...
National news
On 16 January 2020, the Bank of England (BoE), Financial Conduct Authority (FCA) and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents, outlining priorities and milestones for 2020 on LIBOR transition.
UK - LIBOR transition: The roadmap for 2020
25
May
2020
US - SEC actions to Stand Up Security-Based Swap Regulatory
On 18 December 2019, the Securities and Exchange Commission has adopted a package of rule amendments, guidance, and a...
National news
On 18 December 2019, the Securities and Exchange Commission has adopted a package of rule amendments, guidance, and a related order to expand and improve the framework for regulating cross-border security-based swaps, including single-name credit default swaps.
US - SEC actions to Stand Up Security-Based Swap Regulatory
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