October - November 2020
Europe
ESMA
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ESMA publishes its 2021 Work Programme
ESMA issues latest double volume cap data
ESMA publishes new Q&A on product governance
LEGISLATION
Implementing Regulation (EU) 2020/1406 of the Commission of 2 October 2020 laying down technical implementing rules concerning procedures and forms for the exchange of information and cooperation between competent authorities, ESMA, the Commission and other entities on market abuse
Directive (EU) 2020/1504 of the European Parliament and of the Council of 7 October 2020 amending Directive 2014/65/EU on markets in financial instruments
Spain
CNMV
Circular 2/2020 of 28 October from the CNMV on the advertising of investment products and services
Public statement on bad practices in cross-border marketing of investment services by firms located in other EU countries
ESMA announces update to reporting under the Money Market Funds Regulation
ESMA publishes translations of the Guidelines on performance fees in UCITS and certain types of AIFs
ESMA publishes third annual report on use of sanctions for UCITS
ESMA specifies obligations for environmentally sustainable activities
ESMA consults on guidance for funds’ marketing communications
ESMA tells fund managers to improve readiness for future adverse shocks
EUROPEAN COMMISSION
Proposal for a regulation amending Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds
The Commission launches a public consultation on the review of the Alternative Investment Fund Managers Directive (AIFMD)
ESMA publishes updated Q&As on securitisation topics and Guidelines on Portability of Information between Securitisation Repositories
ESMA consults on CCP supervisory reviews and evaluation processes
ESMA consults on standards for CCP activities and model amendments
EMIR Reporting Validation Rules applicable from 8 March 2021
ESMA adds UK venues to opinions on third-country trading venues
ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments, bonds and other non-equity instruments
ESMA makes new bond liquidity data available
ESMA publishes first Q&As on SFTR Reporting
ESMA publishes its first reports on CSDR implementation
ESMA sets out final position on share trading obligation
ESMA updates statements on the impact of Brexit on MiFID II/MiFIR and the Benchmarks Regulation
ESMA publishes translations for Guidelines on securitisation repository data completeness and consistency thresholds
Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European providers of equity financing services to businesses, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937
The CNMV publishes the annual report on investors’ complaints and enquiries for 2019
Law 5/2020 of 15 October on the Financial Transactions Tax
Law 4/2020 of 15 October on the Tax on Certain Digital Services
Law 7/2020 of 13 November for the digital transformation of the financial system
In case of any doubts or comments, please do not hesitate to contact
Isabel Aguilar Alonsoisabel.aguilar@uria.com
Pilar Lluesma Rodrigopilar.lluesma@uria.com
Juan Carlos Machuca juancarlos.machuca@uria.com
The information contained in this Newsletter is of a general nature and does not constitute legal advice
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