Financial Services Europe and International Update

June 30, 2011

The latest edition of Financial Services Europe and International Update from Dechert’s Financial Services Practice covers the following regulatory developments:

EU Regulatory Developments

  • EVCA Consults on New Professional Standards Handbook
  • The ECB President’s Proposal for a European Ministry of Finance
  • EU Contract Law: Optional Instrument
  • EMIR: Hungarian Presidency Produces Further Compromise Text
  • Polish EU Presidency’s Priorities Published
  • ESMA and Japan FSA Sign Exchange of Letters on CRA Supervision and Information-Sharing
  • New Indicative Dates for European Commission Legislative Proposals on MAD and MiFID Revisions
  • BCBS Documentation on Basel III Implementation Monitoring
  • Venture Capital Funds: EU Commission Consultation
  • Prospectus Directive: ESMA Consultation on Technical Advice to European Commission
  • Taxation: Commission Requests Poland to Amend Discriminatory Tax Legislation for Foreign Investment and Pension Funds

UK Regulatory Developments

  • AIMA’s Guide to Institutional Investors’ Views and Preferences on Hedge Fund Operational Infrastructures
  • FSA Clarification on RDR Passporting Issues
  • Private Equity: Good Practice Reporting by Portfolio Companies
  • Tax Transparent Funds
  • FSA Secures High Court Orders Against Unauthorised Land Banks
  • Home Office Plan for National Crime Agency: Financial Services Implications
  • Draft Regulations Implementing UCITS IV
  • Government Consults on Amending Money Laundering Regulations 2007
  • FSA “Dear CEO” Letter Following Wealth Management Review
  • FSA Updates Guide to the EU and Its Legislative Processes V
  • HM Treasury White Paper and Draft Parliamentary Bill of the New UK Regulatory Structure
  • Near-Final Draft FSA Handbook Rules and Guidance Implementing UCITS IV
  • Chancellor of the Exchequer Endorses ICB Retail Banking Proposals in Mansion House Speech
  • FSA Announces £54m Payment Scheme of CF Arch Cru Investors