Europe

Market Infrastructure

FMSB Drafts Standard for Sharing Standard Settlement Instructions

By Editors | 20/07/2024

The draft standard aims to increase the adoption of electronic solutions for sharing SSIs and address errors and inefficiencies in current processes.

Crypto / Digital Assets

ANNA, DTIF to Streamline Digital Asset Regulatory Reporting

By Editors | 19/07/2024

ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.

AML / KYC

UK FCA Directs FIs to Review Treatment of PEPs

By Editors | 19/07/2024

The FCA has also issued a new consultation proposing changes to its guidance on the treatment of PEPs to ensure they are not treated unfairly.

Securities / Derivatives

UK FCA Finalises New Access Regime for Overseas Funds

By Editors | 19/07/2024

The UK will offer a streamlined process for non-UK domiciled funds to market to UK retail customers, based on an equivalence determination by the government.

Enforcement

Switzerland Has Pursued 56 Cases Involving Russia Sanctions Violations

By Editors | 19/07/2024

Out of 56 administrative penal proceedings, 26 were dropped, 15 resulted in penalties, and the others remain under investigation.

Market Infrastructure

ESMA Consults on MiFID II Order Execution Policies

By Editors | 17/07/2024

The consultation seeks input on draft technical standards for how investment firms establish and assess the effectiveness of their order execution policies.

Sanctions

EU Sanctions Five Israeli Individuals and Three Entities

By Editors | 17/07/2024

The sanctions were imposed under the EU’s Global Human Rights Sanctions Regime for human rights abuses against Palestinians.

Market Infrastructure

UK FCA Finalises Guidance for New Derivatives Reporting Framework

By Editors | 17/07/2024

The FCA finalised Q&As and validation rules to support implementation of the new framework from 30 September 2024.

Sanctions

Czech Republic Convicts Local Resident for Sanctions Violation

By Editors | 15/07/2024

A Czech national of Russian origin tried to export three luxury cars to Russia, which has been prohibited since March 2022.