08 Dec, 2023 Maintaining ‘orderly’ markets in disorderly times: the English High Court finds in the LME’s favour in relation to the nickel crisis By Emma Probyn James Smethurst Harry White In a judgment that will be of interest to exchanges and those who trade on them, the English High Court dismissed judicial review...
09 Nov, 2023 UK FCA’s Market Watch 75 – potential market abuse in market soundings By Tom Godwin Richard Ho Tricia Moffat Christopher Bernard +1 more... Show less On 31 October 2023, the Financial Conduct Authority (FCA) issued Market Watch 75, in which it raised concerns over possible abuses of the...
21 Jul, 2023 Understanding the definition of investment advice under MiFID – ESMA revises 13-year-old guidance By Marius Raetz Alicia Hildner It has been a while since the CESR guidelines on “Understanding the definition of advice under MiFID” were published. To be precise, 13...
07 Jul, 2023 Feels like MiFID III? - The Commission Proposal on the EU Retail Investment Strategy and what it means for firms By Marius Raetz Falko Glasow Alicia Hildner Alexander Glos +1 more... Show less In the heated discussion around the ban on payment for order flow, the proposal on the Retail Investment Package (the Proposal), adopted...
02 Aug, 2022 Building a more permanent sandcastle in the FMI sandbox By Claire Harrop Claudia Rugue In April 2022, in the response to its consultation on regulatory approach to, among other things, distributed ledger technology (DLT) in...
08 Jun, 2022 Does history repeat itself in market misconduct? By Simon Orton Thomas Clark Sharon Grennan The Financial Markets Standards Board (FMSB) believes so. Or at least the recent FMSB report indicates that there are common broad...
06 Sep, 2021 Hong Kong to introduce new (i) investor identification regime and (ii) OTC securities transactions reporting regime By Kenneth Hui Matthew O'Callaghan On 10 August 2021, the Securities and Futures Commission (SFC) issued its consultation conclusions (Consultation Conclusions) on its...
02 Jul, 2021 Wholesale Markets Review: Openness, competitiveness and high regulatory standards By Elisabeth Overland With focus on the UK’s role as a global centre for financial services, the much-anticipated post-Brexit UK Wholesale Markets Review has...
01 Mar, 2021 Memorandum of understanding on financial services: A stepping stone to ensuring equivalence? By Elisabeth Overland The current negotiations on financial services regulation between the UK and the EU is the talk of the town on both sides of the Channel....
21 Dec, 2020 OPE springs eternal: UK Treasury calls for evidence on how financial services can be provided by overseas persons By Claire Harrop James Smethurst The UK has long allowed non-UK institutions to provide financial services to customers in the UK under a variety of different regimes. ...
01 May, 2020 A matter of equivalence: UK government proposes new overseas funds regime By Emma Rachmaninov Jonas Zenger The UK government has launched a consultation on how overseas retail and money market funds can be sold to UK investors following the end...
11 Jun, 2019 Staying Positive + More on ISDA CSAs By Rupert Macey-Dare The Court of Appeal has confirmed that negative interest is NOT payable under ISDA Credit Support Agreements CSAs, unless there is a...