Financial Services Europe and International Update

August 03, 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

  • European Parliament Votes on EMIR, Short Selling and Investor Compensation Proposals
  • ESMA Consults on AIFM Directive Implementing Measures
  • European Commission Public Consultation on Social Investment Funds
  • European Commission Initiatives for 2011: Update on Expected Adoption Dates of Financial Services Measures
  • ESMA Consults on Guidelines on Systems and Controls for Highly Automated Trading
  • ESMA Discussion Paper on UCITS Exchange Traded Funds and Structured UCITS
  • European Commission Publishes CRD IV Legislative Proposals
  • EMIR: The Polish Presidency’s Further Compromise Proposal
  • TARGET 2 Securities: Bank of England Decision
  • Stress Tests in the Banking Sector: EBA Results of 2011 Tests
  • European Commission Initiatives for 2011: Update on Adoption of Financial Services Measures

UK Regulatory Developments

  • Authorised Investment Funds: Equalisation
  • The FCA’s Approach to Regulation
  • UCITS IV Implementation in the UK
  • FSA Passporting Forms
  • FSA Issues Modification by Consent to Authorised Fund Managers of NURSs
  • Consolidated Version of FSMA Reflecting the Draft FS Bill
  • Government Announces Timing for the Financial Services Bill Legislative Process
  • Joint Committee Calls for Evidence on Financial Services Bill
  • FSA Consultation on Guidance on Prominence of Financial Promotions
  • Prospectuses: Prospectus Regulations 2011
  • FSA Financial Promotions Industry Update on EIS and VCT Investments
  • Controlled Foreign Companies: HMT Consultation
  • Unauthorised Unit Trusts: HMRC Consultation
  • Finance Act 2011: Provisions of Interest to the Financial Services Industry