Bancario y finanzas

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Artículos Recientes

  •  
    28/05/2024
    United Kingdom

    A guide to the regulators’ joint consultation on implementing and operating the Digital Securities Sandbox

    On 3 April 2024, the Financial Conduct Authority (“FCA”) and Bank of England (“BoE”) published CP24/5, a joint consultation paper (“Consultation Paper”) on a suggested approach to implementing and operating the Digital Securities Sandbox (“DSS”).The DSS offers firms the opportunity to test and innovate with new technologies like distributed ledger technology (“DLT”) in relation to certain financial services activities, such as issuing, trading, and settling securities. Firms approved to participate in the DSS can operate under a tailored...
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  •  
    27/05/2024
    Hungría

    Hungary adopts new Act on Markets in Crypto-Assets

    On 17 April 2024, the Hungarian parliament adopted Act VII of 2024 on Markets in Crypto-Assets, which will enter into force on 30 June 2024 and lay down provisions necessary for the Hungarian implementation of the Markets in Crypto-Assets Regulation (MiCA) and the Digital Operational Resilience Act (DORA).In the EU, the framework regulation for crypto-assets is covered by MiCA. However, the exceptions provided to member states in MiCA and the wide range of potential service providers make it necessary to regulate crypto-assets and services in domestic legislation as well.ScopeFor crypto entities,...
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  •  
    27/05/2024
    Europe

    MiFID/MiFIR review: ESMA publishes series of consultation papers on transparency topics

    On 21 and 23 May 2024, the European Securities and Markets Authority (“ESMA”) published three consultation papers, as part of the ongoing MiFID/MiFIR review.The revised Markets in Financial Instruments Directive and Regulation (known as MiFID III/MiFIR II) came into force on 28 March 2024. The package was finalised amid widespread industry concern at the uncertainty created by apparent misalignments between the Level 1 text of MiFIR as amended, and the Level 2 text, which is yet to be updated, as well as other issues. On 27 and 28 March 2024 respectively, the EU Commission published...
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  •  
    22/05/2024
    Alemania

    PSD 3/PSR – EU Payment Package clears the next hurdle

    European Parliament approves reform proposals for regulations on payment services and electronic money providers. On 23 April 2024, the European Parliament adopted the European Commission's proposals for the new third Payment Services Directive (PSD 3) and the accompanying Payment Services Regulation (PSR) at first reading. The European Commission's proposals had previously been revised by the Committee on Economic and Monetary Affairs (ECON Committee). The changes made by the European Parliament to the legislative package will now be the subject of further trilogue negotiations.Financial...
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  •  
    21/05/2024
    Hungría

    EU parliament adopts proposal that modifies financial data access regulation

    On 18 April 2024, the European parliament adopted a proposal for a regulation on harmonised framework for access to financial data – the Financial Data Access Regulation (FIDA), which introduces Open Finance instead of Open Banking based on the Payment Service Directive (PSD2) by broadening the scope of customer data that can be shared based on the customer’s permission. FIDA also creates the Financial Information Service Provider (FISP), which will access and use customer data based on a licence issued by the regulatory authority.The European parliament adopted the FIDA with the following...
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  •  
    16/05/2024
    United Kingdom

    ESMA releases Final Report on Guidelines for fund names using ESG or su­s­tai­na­bi­li­ty-re­la­ted terms

    On 14 May 2024, ESMA released its Final Report setting out its finalised guidelines (the “Final Report Guidelines”) on the use of ESG and sustainability-related terms in investment fund names. Following the incorporation of feedback received from stakeholders and market participants to the proposals in the Consultation Paper released on 18 November 2022 (the “Consultation Paper Proposal”), several changes have been made to the Guidelines – which we summarise below.ESMA considers that fund names, as the first information seen by investors, can materially impact investors’...
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