The new year is here and with it two important developments in the derivatives markets for nonswap dealer clients to consider.
New practical guidance for nominated advisers (Nomads) on the staffing of their corporate finance functions has been published by the London Stock Exchange (LSE)
If the results of the market test are positive, the European Commission could make the commitments legally binding by decision under Article 9 of Regulation 1/2003.
The Regulation bans the marketing of several classes of products considered to be high risk, with little liquidity and considerable complexity for retail consumers.
On 3 August 2012, the Belgian Parliament adopted long-awaited legislation on covered bonds as well as an act on the use of receivables for financing purposes.
On 20 October 2011, the European Commission published two proposals, one calling for an amendment ("MiFID II") to the Markets in Financial Instruments Directive ("MiFID") and another for the adoption of a new regulation (known as "MiFIR").
On August 11, 2011, the Belgian financial regulator, the
Financial Services and Markets Authority (FSMA) has amended the
rules governing short selling of shares issued by certain financial
institutions listed on Euronext Brussels and in related
The Financial Conduct Authority (FCA) has published new guidance on firms' approving financial promotions for unauthorised persons.
The European Market Infrastructure Regulation1 (EMIR) came into force on 16 August 2012 and was the European response to the G20 commitment to implement measures to increase transparency
Heralded as a "new step in France's economic transformation", the recently adopted Pacte Act aims to liberate companies from the burden of certain obligations and ensure they are better funded,
In the Chancellorʼs 2019 Mansion House dinner speech, delivered on 20 June 2019, Philip Hammond announced a review of the UK regulatory framework and payments landscape in 2019.
Van Bael & Bellis
All European firms engaged in investment business or providing investment services to clients should comply with MiFID II by 2 January 2017.
Van Bael & Bellis
On 4 December 2013, the European Commission announced that it
had fined eight international financial institutions over
€ 1.71 billion for breaching Article 101 TFEU by
participating in cartels in the markets for financial derivatives
covering the EEA between different periods ranging from September
2005 to 2010.
The European Central Bank (ECB) working group on euro risk-free rates has published a report
on the impact the transition from the euro overnight index average