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ESMA updates Q&A on EMIR Data Reporting

The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation (EMIR). The Q&As provide further clarity regarding the implementation of EMIR Refit with respect to: Q&A OTC 3 on the calculation framework towards the clearing thresholds; and TR Q&A 51 regarding the notifications [...]

June 14th, 2019|Comments Off on ESMA updates Q&A on EMIR Data Reporting

Ban on harmful gender stereotypes in advertising comes into force

The Committee of Advertising Practice (CAP) new rule banning harmful gender stereotypes in ads has come into force. The new rule in the Advertising Codes, which will apply to broadcast and non-broadcast media (including online and social media), states: [Advertisements] must not include gender stereotypes that are likely to cause harm, or serious or widespread offence. This [...]

June 14th, 2019|Comments Off on Ban on harmful gender stereotypes in advertising comes into force

Berkshire estate agents accused of illegally fixing fees

The Competition and Markets Authority (CMA)  has today announced its provisional finding that 4 Berkshire estate agents have broken competition law. The CMA has provisionally found that the companies – Michael Hardy, Prospect, Richard Worth and Romans – broke competition law by taking part in a price-fixing cartel where members set minimum levels of commission [...]

June 13th, 2019|Comments Off on Berkshire estate agents accused of illegally fixing fees

Derivatives to be Traded On-Venue under MIFIR update

The European Securities and Markets Authority (ESMA) has updated today 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 consists of adding to the list several UK venues where some of the classes of derivatives subject to the trading obligation are [...]

June 13th, 2019|Comments Off on Derivatives to be Traded On-Venue under MIFIR update

FCA publishes final report in relation to RBS GRG

The Financial Conduct Authority (FCA) has today published the final report on its investigation in to Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG). This follows the update provided in July 2018 on the investigation. In that update, the FCA said that given [...]

June 13th, 2019|Comments Off on FCA publishes final report in relation to RBS GRG