~versionWeb~
 

December 2020 & January 2021

 
 

INVESTMENT SERVICES

 
 
 

Europe

 
 
   
 

ESMA

 
 

ESMA issues latest double volume cap data

ESMA agrees position limits under MiFID II

ESMA supports IFRS Foundation’s efforts on international standardisation in sustainability reporting

ESMA reminds firms of the MiFID II rules on reverse solicitation

ESMA consults on the appropriateness and execution-only requirements under MiFID II

 

ASSET MANAGEMENT

 
 
 

Europe

 
 
   
 

ESMA

 
 

ESMA updates guidelines on stress tests for money market funds

ESMA publishes final guidance to address leverage risk in the AIF sector

ESMA updates reporting under the MMFR

ESMA calls for legislative action on ESG ratings and assessment tools

ESMA launches a Common Supervisory Action with NCAs on the supervision of costs and fees of UCITS

 
 

Spain

 
 
   
 

CNMV

 
 

CNMV approves technical guide on non-professional advisors of collective investment schemes (CIS)

Draft accounting circular for investment firms, management companies of collective investment institutions and management companies of venture capital entities repealing Circular 7/2008

 

MARKET INFRASTRUCTURES

 
 
 

Europe

 
 
   
 

ESMA

 
 

ESMA publishes draft technical standards under EMIR REFIT

ESMA updates Guidelines on written agreements between CCP college members

ESMA publishes transparency calculations update after the end of the Brexit transition period

ESMA recognises Euroclear UK & Ireland Limited (EUI) after Brexit transition period

ESMA recommends more time to implement a mix of solutions for PSAs to clear

CFTC and ESMA sign enhanced MOU related to certain recognised central counterparties

ESMA updates EMIR Q&A’S

ESMA updates SFTR Q&A’S

 

LEGISLATION

 
 

Targeted consultation on the review of the Regulation on improving securities settlement in the EU and on central securities depositories

 

OTHERS

 
 
 

Europe

 
 
   
 

ESMA

 
 

ESMA renews its decision requiring net short position holders to report positions of 0.1% and above

ESMA withdraws the registrations of six UK-based credit rating agencies and four trade repositories

ESMA reminds users of scheduled IT operations at the end of the Brexit transition period

 

EUROPEAN SUPERVISORY AUTHORITIES

 
 

ESAs highlight the change in the status of simple, transparent and standardised (STS) securitisation transactions at the end of the UK transition period

 
 

Spain

 
 
   
 

LEGISLATION

 
 

Royal Decree-Law 38/2020 of 29 December adopting measures to adapt to the UK’s third State status

 

CNMV

 
 

CNMV newsletter: includes the market situation report and three articles on investment fund stress testing, the sandbox and the central counterparty resolution regime

The Ministry of Consumer Affairs, Bank of Spain and the CNMV sign an agreement to improve consumer protection through financial education

CNMV’s Q&A regarding the scope of Articule 13 of the RDL 38/2020

     
 

In case of any doubts or comments, please do not hesitate to contact

 

Isabel Aguilar Alonso
isabel.aguilar@uria.com

 

Pilar Lluesma Rodrigo
pilar.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

 

Subscribe to this Newsletter