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
- 2019 Central clearing counterparty clearing EMIR European Market Infrastructure Regulation HM Treasury Letter15 August 2019
Initial Coin Offerings (“ICOs”) typically use Distributed Ledger Technology (“DLT”) to offer transferable units (“coins” or “digital tokens”) that confer various rights on the holder of record. ICOs can be considered a means of fundraising using blockchain technology. The legal …
30 July 2019Directive (EU) 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “Fifth Anti-Money Laundering Directive” or “5MLD”) expands the E.U.’s anti-money laundering regime to include, inter alia, cryptoassets. HM …
2019 5MLD Anti-money Laundering cryptoassets Cryptocurrencies Fifth Money Laundering Directive FinTech Letter Virtual Currencies30 July 2019On 8 May 2018, the United States announced its withdrawal from the Joint Comprehensive Plan of Action (the “JCPOA”) and the re-introduction of its nuclear-related economic sanctions on Iran that had been previously lifted as part of the JCPOA, subject …
14 June 2019On 12 March 2018, the European Commission published a proposal for a Regulation of the European Parliament and of the Council on the law applicable to the third-party effects of assignments of claims (the “proposed regulation”). The proposed regulation applies …
24 April 2019The 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 creating a specific framework for simple, transparent and standardised securitisation …
"onshoring" statutory instruments "onshoring" statutory instruments comment series 2019 Brexit European Union (Withdrawal) Act 2018 HM Treasury Securitisation Securitisation Regulation U.K. Withdrawal from the E.U.29 March 2019The 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 event of a “no deal” Brexit. In this paper, the FMLC …
"onshoring" statutory instruments "onshoring" statutory instruments comment series 2019 Brexit Credit Institutions Winding-up Directive European Union (Withdrawal) Act 2018 HM Treasury Letter U.K. Withdrawal from the E.U.27 February 2019The U.K.’s withdrawal from the E.U. raises various issues of legal uncertainty relating to the E.U. Emissions Trading Scheme (the “E.U. ETS”) and the European emissions allowances (“EAUs”), whether the U.K. leaves the E.U. ETS from the date of exit …
31 January 2019The 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 are dependent on provisions in E.U. legislation, such as definitions …
"onshoring" statutory instruments "onshoring" statutory instruments comment series 2019 Brexit European Union (Withdrawal) Act 2018 Financial Services and Markets Act 2000 FSMA 2000 HM Treasury Letter U.K. Withdrawal from the E.U.25 January 2019The 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 proceedings (the “EUIR”) and makes consequential amendments to insolvency and …
"onshoring" statutory instruments "onshoring" statutory instruments comment series 2019 Brexit EUIR European Insolvency Regulation European Union (Withdrawal) Act 2018 HM Treasury Letter The Insolvency Service U.K. Withdrawal from the E.U.24 January 2019