Regulatory Focus – June 2020

The experts in Duff & Phelps’ UK Compliance and Regulatory Consulting team, provide a detailed synopsis of the recent news and publications issued by the Financial Conduct Authority (FCA) including advice for firms on COVID-19. 

Voice

The Growing Importance of ESG 

Regulatory Updates  

Extension of SM&CR Implementation Periods for Solo-Regulated Firms

New Prudential Regime for UK Investment Firms

Update on Short Selling Restrictions

Are You Affected by the Securities Financing Transaction Regulation?

U.S. Regulatory Update – Q2

Brexit

FCA’s Response to COVID-19 and Brexit

Supervision

ESMA Promotes Convergence in the Supervision of Costs in UCITS and AIFS

Other

Firms' Handling of Complaints During COVID-19

EMIR Margin Requirements Amended in Response to the COVID-19 Outbreak

Update of Position Limits for Certain Commodity Derivative Contracts

Period to Cover Absent Senior Managers Extended Due to COVID-19

ESMA Extends Registrations of Four Trade Repositories to Include SFTR

Regulatory Initiatives Grid

Statement on How Firms Should Handle Post and Paper Documents

ESMA Supports ESRB Actions to Address COVID-Related Systemic Vulnerabilities

ESMA sees Potential Decoupling of Financial Market Performance and Underlying Economic Activity