Author Archives: ETE

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today a joint report following their workshop on the use of behavioural insights by supervisory authorities in their day-to-day oversight and policy work. The report provides a high-level overview of the main topics discussed during the workshop held on 14 and 15 February […]

Trials have been scheduled after the FCA charged 9 individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media. On 11 July 2024 at a plea and trial preparation hearing at Southwark Crown Court, Holly Thompson, Biggs Chris, Jamie Clayton, Lauren Goodger, Rebecca Gormley, Yazmin Oukhellou and Scott Timlin each pleaded […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published the update of its Reporting Manual on the European Single Electronic Format (ESEF) supporting a harmonised approach for the preparation of annual financial reports. ESMA has also updated the Annex II of the Regulatory Technical Standards (RTS) on ESEF. […]

The new rules are the biggest changes to the listing regime in over 3 decades. They aim to support a wider range of companies to issue their shares on a UK exchange, increasing opportunities for investors. In rules published today, the Financial Conduct Authority (FCA) has set out a simplified listings regime with a single […]

ASIC acknowledges royal assent of the Treasury Laws Amendments (Delivering Better Financial Outcomes and Other Measures) Act 2024 (DBFO Act). Royal assent of the DBFO Act marks an important step in advancing reforms to financial advice regulation as part of the Commonwealth Government’s response to recommendations 7, 8, 10, 13.1–13.5 and 13.7–13.9 of the Quality […]

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR). The FAR already applies to the banking industry, and takes effect for the insurance and superannuation industries from 15 March 2025. […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today issued a public statement on deprioritising supervisory actions linked to the eligibility of uncollateralized public guarantees, public bank guarantees, and commercial bank guarantees for Non-Financial Counterparties (NFCs) acting as clearing members, pending the entry into force of EMIR 3.

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter. Your one-stop-shop in the world of EU financial markets focused in June on ESMA’s Final Report on Greenwashing, the 2023 Annual Report and other important updates in the realm of the Regulation on […]

The Federal Court today found that Firstmac Limited breached the new design and distribution provisions by failing to take reasonable steps that would have resulted in, or would have been reasonably likely to have resulted in, the distribution of one of its investment products being consistent with its target market determination (TMD) for the product. […]

ASIC has cancelled the Australian credit licence of Accumulus Capital Pty Ltd (Accumulus). The Australian credit licence was cancelled because Accumulus had failed to pay ASIC Industry Funding Levies (levies) and related late payment penalties within 12 months after the due date for payment. Accumulus had also not engaged in credit activities since the licence […]