News

UK Benchmarks Register

The Financial Conduct Authority (FCA) continue to plan for a range of outcomes in relation to Brexit, including the UK leaving the EU without an implementation period on 29 March 2019. To prepare for this scenario, the FCA have developed a new UK Benchmarks Register. The new Register will replace the European Securities and Markets [...]

March 22nd, 2019|Comments Off on UK Benchmarks Register

ESMA Publishes Taxonomy Files To Facilitate Implementation Of The ESEF Regulation

The European Securities and Markets Authority (ESMA) publishes today taxonomy files to facilitate implementation of the requirements set out by the draft RTS on European Single Electronic Format (ESEF). Preparers can access the taxonomy in the form of a set of electronic XBRL files (‘ESEF XBRL taxonomy files’) that are available in a machine-readable and freely downloadable format. [...]

March 21st, 2019|Comments Off on ESMA Publishes Taxonomy Files To Facilitate Implementation Of The ESEF Regulation

New venues to register of derivatives to be traded on-venue under MIFIR

The European Securities and Markets Authority (ESMA) has updated the public register of those derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation (MiFIR). Today’s update follows the authorisation of additional entities where the classes of derivatives subject to the trading obligation are available for trading. Those recently authorised venues [...]

March 21st, 2019|Comments Off on New venues to register of derivatives to be traded on-venue under MIFIR

TopCashback and Quidco have abandoned merger

The Competition and Markets Authority (CMA) has cancelled its merger investigation into TopCashback’s anticipated acquisition of Quidco. This follows the companies’ decision to abandon the transaction. TopCashback and Quidco are the two largest cashback websites in the UK and each other’s main competitor. These websites allow shoppers to receive money back on certain types of [...]

March 21st, 2019|Comments Off on TopCashback and Quidco have abandoned merger

£375,000 fine for company that subscribed consumers to games platform

The Phone-paid Services Authority (PSA) has issued a £375,000 fine to a company which operated the Best VIP Games subscription content service. Inter Inventory Company had operated the service since May 2017 but had not registered it with the PSA, as required for any company operating in the UK phone-paid services market. The service was [...]

March 21st, 2019|Comments Off on £375,000 fine for company that subscribed consumers to games platform