Pre-2002 FLP publications are collected for reference here. FMLC publications—primarily reports and correspondence—go back to 2003. All are available to view or download as a PDF, with collected volumes on specific topics available here. The 10 most recent publications are listed below.
Use the search function to search for specific publications, or use the tag cloud to browse the most frequent tags. Please note that the practice of assigning an "issue number" to topics has been discontinued, although older publications continue to be tagged with their issue number.
Click here for a complete list of FMLC publications in reverse-chronological order.
Recent Publications
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 …
2020 5MLD Anti-money Laundering Express trusts Fifth Money Laundering Directive Financial Market Infrastructures21 February 2020Directive 2009/138/EC on the taking-up and pursuit of the business of insurance and reinsurance (the “Solvency II Directive”) sets out regulatory requirements for insurance firms and groups, covering financial resources, governance and accountability, risk assessment and management, supervision, reporting and …
2020 EIOPA European Insurance and Occupational Pensions Authority Letter Solvency II 2020 Review Solvency II Directive15 January 2020On 11 October 2019, the European Commission published a public consultation document on the review of the BMR (the “Consultation”). The FMLC has submitted a response
2019 Benchmark Transition Benchmarks Regulation (EU 2016/1011) Brexit European Commission LIBOR Report Third country regimes31 December 2019On 3 October 2019, the European Securities and Markets Authority (“ESMA”) issued a Consultation Paper as part of a review of certain aspects of MAR. The FMLC submitted a response drawing attention to complexities in respect of two areas.
2019 ESMA European Securities and Markets Authority Letter MAR Market Abuse Market Abuse Legislative Review Market Abuse Regulation29 November 2019The 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 was published in the Official Journal on 7 June 2019 …
20 November 2019The 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 was published in the Official Journal on 7 June 2019 …
20 November 2019The FMLC published a report titled “Issues of Legal Uncertainty Arising in the Context of the Withdrawal of the U.K. from the E.U.–the Provision and Application of Third Country Regimes in E.U. Legislation” on 13 July 2017 (the “2017 Report”). …
2019 Brexit Equivalence determinations Financial Services (Implementation of Legislation) Bill U.K. Withdrawal from the E.U.05 November 2019Article 5(1)(e) of the EUSR requires institutional investors to verify that “the originator, sponsor or SSPE has, where applicable, made available the information required by Article 7 in accordance with the frequency and modalities provided for in that Article”. The …
05 November 2019In this paper, the FMLC explores the ways in which regulators and legislators have attempted to grapple with the many varieties of virtual currencies and in particular those which have arguably come to function as money for legal purposes. The …
2019 Exchange Tokens Fifth Money Laundering Directive Finance and Technology FinTech Report Virtual Currencies23 October 2019The U.K.’s accession to the Hague Convention in its own right has not, however, been the panacea for which market participants and HM Government had hoped. A number of questions have arisen regarding the timing of the Convention’s entry into …
23 October 2019