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The clearer view on financial services regulation

RegZone provides you with expert analysis and daily news from the fast-changing world of European financial institution regulation.  Created by CMS regulatory lawyers for those working in banking and finance, insurance, funds and asset management and securities and derivatives.  Sign up here for events, news digest and alerts (relevant to your areas of interest).

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Latest Reports

  • EU sales image

    SWISS- EU RELATIONS: SWITZERLAND LOSES STOCKMARKET EQUIVALENCE The EU failed to renew its trading venue equivalence decision for Switzerland under MiFID/MiFIR. The previous short term decision expired at the end of June. The Swiss Federal Department of Finance (FDF) responded with measures announced in their press release here.  The Financial Times reported on market reaction in its article of 30...

  • Europe from space

    PRA:PS5/19 THE BANK OF ENGLAND'S AMENDMENTS TO FINANCIAL SERVICES LEGISLATION UNDER THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 An updated version of this PS has been published. The updated version can be found here.

  • Trade image

    On 02 July 2019 IVASS (the Institute for the Supervision of Insurance) issued a letter addressed to UK Insurers pursuing business in Italy, asking to submit a plan on the measures adopted in case of hard Brexit (the “Letter”).

  • Pile of coins

    On 26 June 2019, the Council for the European Union published a compromise proposal in relation to the European Commission’s draft framework to regulate crowdfunding platforms in the EU (the "Crowdfunding Regulation"). The proposed regulation is part of the Council’s efforts to improve access by investors and businesses to new financing sources.  The compromise proposal published follows the European...

  • City, London

    On 12 June 2019 the PRA published a new ‘Dear CEO’ letter summarising the regulator’s findings from a review of 20 non-systemic deposit taking firms that it has undertaken over the past year. The firms reviewed are mostly growing faster than the market as a whole, so the PRA refers ...

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Future Dates

* Estimated date

  • *31 October 2019

    Exit date is:

    •  31 October 2019 if the UK holds European Elections, but UK Parliament has not ratified the WA before that date; or
    •  The 1st day of the month after ratification if UK Parliament ratifies the WA before October 2019.

  • 1 December 2019

    End of four-year transitional period for RTS on risk-mitigation techniques for OTC derivatives contracts not cleared by a CCP under EMIR.

  • 31 December 2019

    Following PRA's policy statement (PS10/17) - operational continuity firms are expected to submit the template (PRA109) 45 business days after the first reporting period ending 31 December.

News Wizard

  • 17/07/2019

    ESMA: Impact of the inducements and costs and charges disclosure requirements under MiFID II

    ESMA: Impact of the inducements and costs and charges disclosure requirements under MiFID II
    News Date:
    17/07/2019
    News Text:
    ESMA has published this call for evidence on certain investor protection topics included in the EC mandate to ESMA on the reports to be submitted by the EC under Article 90 of MiFID II. Responses are required by 6 September 2019.
    Support Information:
  • 17/07/2019

    ESMA: Report on sanctions and measures imposed under MiFID II in 2018

    ESMA: Report on sanctions and measures imposed under MiFID II in 2018
    News Date:
    17/07/2019
    News Text:
    ESMA's report sets out information submitted by national competent authorities all sanction and measures imposed in 2018.
    Support Information:
  • 17/07/2019

    ESRB: EU Non-bank financial intermediation risk monitor 2019

    ESRB: EU Non-bank financial intermediation risk monitor 2019
    News Date:
    17/07/2019
    News Text:
    This report considers risk-taking, liquidity risk and risks associated with leverage among some types of investment funds and other non-bank financial institutions; interconnectedness and the risk of contagion across sectors and within the non-bank financial system, including domestic and cross-border linkages and activities-rel...
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  • 17/07/2019

    ESMA: Opinion in relation to MiFIR

    ESMA: Opinion in relation to MiFIR
    News Date:
    17/07/2019
    News Text:
    ESMA has issued an opinion concerning product intervention measures in relation to CFDs taken by the Czech national competent authority.
    Support Information:
  • 17/07/2019

    HoC: Brexit – parliamentary scrutiny of UK replacement treaties

    HoC: Brexit – parliamentary scrutiny of UK replacement treaties
    News Date:
    17/07/2019
    News Text:
    This updated HoC Library briefing considers the Government's treaty continuity programme. It includes a table showing the current status with regard to the scrutiny of these treaties and what sort of scrutiny they have undergone, both in their precursor form as EU treaties and currently as replacement treaties.
    Support Information: