This ESRB working paper considers whether redemption restrictions, such as notice periods or reduced redemption frequency, can mitigate fragility in open-ended bond funds.

ESMA’s final report includes additional explanation on the way to report the results of the macro systemic shocks and updated guidelines and risk parameters, so that managers of MMFs have the information needed to fill in the reporting template noted in article 37 of the MMF Regulation.  The updated guidelines in the report, including the new 2024 parameters, will apply two months after the publication of the translations of the guidelines.

ECB has published a Governing Council statement on macroprudential policies in relation to its framework for assessing capital buffers of other systemically important institutions.

Further to its December 2023 consultation, ESMA has published a feedback statement.

FMSB has published the final version of the standard, along with annexes.

The MoU sets out the working arrangements between the authorities in relation to the Digital Markets Competition Regime, as set out by Part 1 of the Digital Markets, Competition and Consumers Act 2024.

The MoU sets out the working arrangements between the authorities in relation to the Digital Markets Competition Regime, as set out by Part 1 of the Digital Markets, Competition and Consumers Act 2024.

The SI makes amendments to legislation in consequence of Part 3 (enforcement of consumer protection law), Part 4 (consumer rights and disputes) and Chapter 2 of Part 5 (provision of investigative assistance to overseas regulators) of the Digital Markets, Competition and Consumers Act 2024, including with regard to the RAO and the FPO.

FCA has published details of instruments passed at its board meetings in December 2024.  These are: Form change: Introduction of criminal background checks on owners and controllers at the Authorisation’s gateway Instrument; Dispute Resolution: Complaints Sourcebook (Motor Finance Non-Discretionary Commission Arrangement Complaints) Instrument 2024/45; Non-UCITS Retail Schemes (Amendment) Instrument 2024/48; Disclosure Guidance and Transparency Rules Sourcebook (Amendment) Instrument 2024/49, and Handbook Administration (No 72) Instrument 2024/50.

The authorities are conducting a review of the MoU for payment systems in the UK, noting that they have committed to revise the MoU by Q2 of 2025 in line with the Government's National Payments Vision.