FS weekly highlights—30 May 2019

FS weekly highlights—30 May 2019

 In this issue


Brexit news
UK regulator updates
European regulator updates
Financial stability
Prudential requirements
Authorisation, approval and supervision
Risk management and controls
Financial crime
FCA consumer protection and claims management regulation
Enforcement and redress
Markets and trading
Regulation of capital markets
Regulation of derivatives
Investment funds and asset management
Banks and mutuals
Consumer credit, mortgage and home finance
Insurance and pensions
Payment services and systems
International financial services and related sectors
FinTech and virtual currencies
Sustainable finance
Islamic finance
Dates for your diary


Brexit news


ESMA changes position on MiFIR STO in a no-deal Brexit but FCA says risk of disruption remains

The European Securities and Markets Authority (ESMA) issued a further statement on the impact of a no-deal Brexit on the trading obligation for shares (STO) under Article 23 of Regulation (EU) 600/2014 (the Markets in Financial Instruments Regulation (MiFIR)) in the absence of an equivalence decision in respect of the UK by the Commission, in which it says that it proposes to take an approach to the STO based only on the ISIN of the share in question. In its response, the Financial Conduct Authority (FCA) 

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About the author:
Prior to joining LexisNexis in 2018, Raphael carried out work placements at Willkie, Farr & Gallagher (sat in Debt Finance) and Macfarlanes (sat in Banking and Finance), through which he was able to gain knowledge about a wide variety of financial products and services. Raphael recently graduated in Law from King’s College London where he took a particular interest in modules such as Finance, Credit & Security and Transnational Company Law. Raphael has also worked as a Paralegal at Axiom Stone Solicitors in Mayfair, where he was involved in a wide range of contentious matters.