On 1 October 2021, the European Securities and Markets Authority (ESMA) published a call for evidence (CfE) on certain retail investor protection issues. The CfE is described in detail below.
The Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructure, and the International Organization of Securities Commissions (collectively, the "regulators") late last month published a joint consultation ("report") .
On 10 November 2021, Mairead McGuinness, the European Commissioner for Financial Services, Financial Stability and Capital Markets Union announced a proposed way forward for central clearing, including European Union (EU) recognition of UK-based central counterparties (CCPs).
On 2 November 2021, the Board of the International Organization of Securities Commissions (IOSCO) published a report setting out five recommendations for securities regulators and policymakers in improving sustainability-related practices, policies, procedures and disclosures in the...
On 3 November 2021, the UK Financial Conduct Authority (FCA) released a discussion paper (paper) on Sustainability Disclosure Requirements (SDR) and investment labels. The FCA is asking for comments on this paper by 7 January 2022.
On 7 October 2021, the G20 Sustainable Finance Working Group (SFWG) released their 2021 Synthesis Report (Report). The Report aims at characterizing challenges, reviewing existing practices, and proposing a set of recommendations to further progress in specific priority areas set out...
ICI today filed the attached complaint with the European Commission (EC) against Italy for violating European law by withholding tax on dividends paid to investment funds organized in the United States and certain other countries when tax is not imposed on comparable Italian funds.
The Financial Stability Board (FSB) issued its final report (Report) on policy proposals to enhance money market fund resilience, including with respect to the appropriate structure of the sector and of underlying short-term funding markets.
On 18 October 2021, HM Treasury published its latest policy paper titled, "Greening Finance: A Roadmap to Sustainable Investing" ("Roadmap"). It refers to the UK Government's long-term goal to green the financial system and align it with the HK's net-zero commitment.
This memorandum summarizes the most significant aspects of the updated implementation guidance published by the Financial Stability Board's Task Force on Climate-related Financial Disclosures ("TCFD").
