While certain sections of 5MLD have already been implemented in the U.K., changes required by 5MLD in respect of the registration of the beneficial ownership of trusts have not yet come into force. HM Treasury and HM Revenue and Customs are now jointly consulting on this aspect of the regime.
Tag: Financial Market Infrastructures
Addendum: Recognition and Supervision of Central Counterparties: 3 February 2016
Addendum to the joint Financial Markets Law Committee/Committee on Capital Markets Regulation report entitled Resolving Issues of Legal Uncertainty Relating to the Recognition and Supervision of Central Counterparties, published 3 […]
Letter to European Securities and Markets Authority: Review of Article 26 of RTS No 153/2013 with Respect to Client Accounts: 29 September 2015
A letter from the FMLC—in conjunction with the Committee on Capital Markets Regulation (“CCMR”)—to the European Securities and Markets Authority (“ESMA”), following a review of Article 26 of RTS No […]
Report: Recognition and Supervision of Central Counterparties: 1 September 2015
FMLC report—produced in conjunction with the Committee on Capital Markets Regulation—entitled Resolving Issues of Legal Uncertainty Relating to the Recognition and Supervision of Central Counterparties, published 1 September 2015. Available […]