European Union: Key Regulatory Developments In The EU - May 30, 2019

Last Updated: 14 June 2019
Article by Michael Huertas, Kai Goretzky and Holger Schelling
Source/Date Brief description

OJ of the EU
22/05/2019

Commission Delegated Regulation (EU) 2019/820 supplementing Regulation (EU) No 345/2013 with regard to conflicts of interest in the area of European venture capital funds – published in the OJ

Entry into force: 11/06/2019.

For further information, click here.

OJ of the EU
22/05/2019

Delegated Regulation (EU) 2019/819 supplementing Regulation (EU) No 346/2013 with regard to conflicts of interest, social impact measurement and information to investors in the area of European social entrepreneurship funds – published in the OJ

Entry into force: 11/06/2019.

For further information, click here.

ESAs13
22/05/2019

ESAs launched consultation on technical standards on the reporting of intra-group transactions and risk concentration for financial conglomerates

The three European supervisory authorities launched a consultation on draft Implementing Technical Standards (ITSs) on the reporting of intra-group transactions and risk concentration for financial conglomerates.

For further information, click here.

ESAs13
20/05/2019

ESAs published amended technical standards on the mapping of External Credit Assessment Institutions (ECAIs) under the Capital Requirements Regulation

The Joint Committee of the three European Supervisory supervisory Authorities authorities published a second amendment to the Implementing Technical Standards on the mapping of ECAIs' credit assessments of for credit risk under the Capital Requirements Regulation (CRR).

For further information, click here.

ESMA1
20/05/2019

ESMA published translations of its Guidelines on the application of the endorsement regime for Credit Rating Agencies (CRAs)

ESMA has issued the official translations of its Guidelines on the application of the endorsement regime under Article 4(3) of the Credit Rating Agencies Regulation.

For further information, click here.

ESMA1
15/05/2019

ESMA Risk Dashboard

ESMA published its latest risk dashboard for the European Union's securities markets, covering the first quarter of 2019.

For further information, click here.

ESMA1
15/05/2019

ESMA's working group on Euro risk-free rates launched consultation on EONIA to €STR transition

The EUR risk-free rates working group published a consultation paper on the "EONIA to €STR legal action plan", reaching out to market participants about the need to implement a legal action plan to ensure a smooth transition from EONIA to €STR in new and legacy contracts.

For further information, click here.

OJ of the EU
14/05/2019

Delegated Regulation (EU) 2019/758 supplementing Directive (EU) 2015/849 with regard to regulatory technical standards for the minimum level of action and the type of additional measures credit and financial institutions must take to mitigate money laundering and terrorist financing risk in certain third countries – published in the OJ

Entry into force: 03/06/2019.

For further information, click here.

Council of the EU11
14/05/2019

Banking Union: Council adopted measures to reduce risk in the banking system

The Council adopted a comprehensive legislative package which will reduce risks in the banking sector and further reinforce banks' ability to withstand potential shocks.

For further information, click here.

Council of the EU11
14/05/2019

Capital Markets Union: Council adopted updated rules for financial derivative products and clearing

The Council adopted a regulation improving the existing regulatory framework applying to the over-the-counter (OTC) derivative market.

For further information, click here.

European Commission5
13/05/2019

The Commission adopted a draft Delegated Regulation amending Directive (EU) 2016/97 with regard to regulatory technical standards, adapting the base euro amounts for professional indemnity insurance and for the financial capacity of insurance and reinsurance intermediaries

For further information, click here.

ECB3
13/05/2019

ECB amended monetary policy implementation guidelines

The ECB published amendments to its guidelines on the implementation of monetary policy in the Eurosystem. The new guidelines (Guidelines ECB/2019/11, ECB/2019/12 and ECB/2019/13) amended (i) the Guideline on the implementation of the Eurosystem monetary policy framework (ECB/2014/60), (ii) the Guideline on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2015/35), and (iii) the Guideline on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (ECB/2014/31).

For further information, click here.

ESMA1
13/05/2019

ESMA issued two positive opinions on national product intervention measures

ESMA has issued two positive opinions on proposed product intervention measures taken by the Austrian Financial Market Authority (Finanzmarktaufsicht - (FMA)).

For further information, click here.

ESMA1
10/05/2019

MiFID II: ESMA published data for the systematic internaliser (SI) calculations for equity, equity-like instruments and bonds

ESMA has published an update of SI regime data. The updated publication covers equity, equity-like instruments and bonds.

For further information, click here.

ESMA1
08/05/2019

MIFID II: ESMA issued latest double volume cap data (DVC)

ESMA has updated its public register with the latest set of DVC data under MiFID II.

For further information, click here.

OJ of the EU
07/05/2019

Implementing Regulation (EU) 2019/699 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2019 until 29 June 2019 in accordance with Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance – published in the OJ

Entry into force: 08/05/2019.

For further information, click here.

BCBS7
07/05/2019

Basel Committee reported on Basel III implementation progress

The Basel Committee on Banking Supervision issued the 16th progress report on adoption of the Basel regulatory framework.

For further information, click here.

EIOPA9
03/05/2019

EIOPA submitted advice on Sustainable Finance to the European Commission

EIOPA published its advice to the European Commission on sustainability in the areas of risk management, investment strategy, stewardship and product oversight.

For further information, click here.

ESMA1
03/05/2019

ESMA submitted technical advice on sustainable finance to the European Commission

ESMA has published its technical advice to the European Commission on sustainable finance initiatives to support the EC's Sustainability Action Plan in the areas of investment services and investment funds.

For further information, click here.

OJ of the EU
02/05/2019

Implementing Decision (EU) 2019/684 on the recognition of the legal, supervisory and enforcement arrangements of Japan for derivatives transactions supervised by the Japan Financial Services Agency as equivalent to the valuation, dispute resolution and margin requirements of Article 11 of Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories – published in the OJ

Entry into force: 22/05/2019.

For further information, click here.

OJ of the EU
02/05/2019

Decision (EU) 2019/685 of the European Central Bank on the total amount of annual supervisory fees for 2019 – published in the OJ

For further information, click here.

EBA2
02/05/2019

EBA launched consultation on technical standards on the standardised approach for counterparty credit risk

The EBA launched a consultation on four draft Regulatory Technical Standards (RTS) on the Standardised Approach for Counterparty Credit Risk (SA-CCR).

For further information, click here.

ESMA1
01/05/2019

MiFID II: ESMA made new bond liquidity data available

ESMA has started to make available new data for bonds subject to the pre- and post-trade requirements of MiFID II and MiFIR through its data register.

For further information, click here.

ESMA1
01/05/2019

MiFID II: ESMA delayed the publication of the systematic internaliser regime data for equity, equity-like instruments and bonds

ESMA has decided to delay the publication of the Ssystematic Iinternaliser (SI) regime data for equity, equity-like instruments and bonds.

For further information, click here.

European Commission5
30/04/2019

Report on the application and review of the bank recovery and resolution directive (BRRD) and the single resolution mechanism regulation (SRMR) adopted

The Commission adopted the report assessing the implementation of BRRD and the SRMR.

For further information, click here.

ESMA1
30/04/2019

ESMA agreed position limits under MiFID II published

ESMA has published five opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).

For further information, click here.

ESMA1
30/04/2019

ESMA published translations for the Central Securities Depositories regulation (CSDR) Guidelines on internalized settlement reporting

ESMA has issued the official translations of its Guidelines on internalised settlement reporting under Article 9 of CSDR.

For further information, click here.

EBA2
30/04/2019

EBA published report on the functioning of supervisory colleges in 2018

The EBA published its 2018 Report on supervisory colleges, which summarises its findings on the monitoring of supervisory colleges for the main cross-border European banking groups.

For further information, click here.

OJ of the EU
29/04/2019

Delegated Regulation (EU) 2019/667 amending Delegated Regulations (EU) 2015/2205, (EU) 2016/592 and (EU) 2016/1178 to extend the dates of deferred application of the clearing obligations for certain OTC derivative contracts – published in the OJ

Entry into force: 30/04/2019.

For further information, click here.

FSB10
29/04/2019

FSB published peer review on bank resolution planning

The FSB published a thematic peer review on bank resolution planning.

For further information, click here.

EBA2
26/04/2019

EBA published clarifications to a third set of issues raised by its Working Group on APIs under PSD2

The EBA published clarifications to a third set of issues that had been raised and discussed by participants of its Working Group (WG) on APIs under PSD2.

For further information, click here.

OJ of the EU
25/04/2019

Regulation (EU) 2019/630 amending Regulation (EU) No 575/2013 as regards minimum loss coverage for non-performing exposures – published in the OJ.

Entry into force: 26/04/2019.

For further information, click here.

European Commission5
25/04/2019

Commission adopted EMIR equivalence decision for derivatives transactions in Japan

The Commission has determined certain rules of Japan to be equivalent to the EMIR in terms of the legal, supervisory and enforcement arrangements for non-centrally cleared over-the-counter (OTC) derivatives transactions.

For further information, click here and here.

EBA2
25/04/2019

EBA added the Mortgage Credit Directive (MCD) to its online Interactive Single Rulebook and Q&A tools

The EBA has updated its online Interactive Single Rulebook and Q&A tool with the inclusion of the MCD.

For further information, click here.

EBA2
24/04/2019

EBA published opinion on the nature of passport notifications for agents and distributors of e-money

The EBA published an opinion on the nature of passport notifications of Payment Institutions (PIs) and Electronic Money Institutions (EMIs) using agents and distributors located in another member state.

For further information, click here.

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