The Bank Recovery and Resolution Directive (2014/59/EU) (the “BRRD”) was amended by Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 (“BRRD II”), which […]
Tag: HM Treasury
Letter to HM Treasury: Financial Services (Implementation of Legislation) Bill: 23 October 2019
The Financial Services (Implementation of Legislation) Bill provides the power to HM Treasury, in the event no deal is agreed between the U.K. and the E.U., to implement and make changes to a category of legislation which the Bill describes as “in-flight”. These are pieces of E.U. financial services
Letter to HM Treasury: Review of EMIR Implementing Regulations: 15 August 2019
HM Treasury is conducting a review The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 which had implemented EMIR in the U.K. The review might propose changes to Part VII of the Companies Act 1989.
“Onshoring” Statutory Instruments Comment Series: Securitisation: 29 March 2019
The draft Securitisation Amendment (EU Exit) Regulations 2019 will ensure that the new securitisation regime, as set out in Regulation (EU) 2017/2402 laying down a general framework for securitisation and […]
“Onshoring” Statutory Instruments Comment Series: Credit Institutions Winding-up and Reorganisation: 27 February 2019
The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 amends the regime for the reorganisation and winding up of credit institutions and insurers in the […]
“Onshoring” Statutory Instruments Comment Series: Financial Services and Markets Act 2000: 25 January 2019
The draft Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 onshores the Financial Services and Markets Act 2000. In particular, it amends those provisions of FSMA which […]
“Onshoring” Statutory Instruments Comment Series: Insolvency Regulation: 24 January 2019
The draft Insolvency (Amendment) (EU Exit) Regulations 2018 (the “draft Insolvency SI”), published under the European Union (Withdrawal) Act 2018, repeals parts of the retained Regulation (EU) 2015/848 on insolvency […]
Letter to HM Treasury: Financial Services (Implementation of Legislation) Bill: 3 January 2019
The Financial Services (Implementation of Legislation) Bill provides the power to HM Treasury, in the event no deal is agreed between the U.K. and the E.U., to implement and make […]
“Onshoring” Statutory Instruments Comment Series: Markets in Financial Instruments: 19 December 2018
Under the European Union (Withdrawal) Act 2018—which aims, inter alia, to incorporate into U.K. law all applicable E.U. legislation and to give powers to Ministers to make such amendments to […]
“Onshoring” Statutory Instruments Comment Series: Investment Funds and their Managers: 29 November 2018
Under the European Union (Withdrawal) Act 2018—which aims, inter alia, to incorporate into U.K. law all applicable E.U. legislation and to give powers to Ministers to make such amendments to […]