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The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today a summary report with the key findings from the 2024 Dry Run exercise on reporting the registers of information under the Digital Operational Resilience Act (DORA). The conclusions and lessons learnt as well as individual data quality feedback provided to financial entities …

The ESAs’ Dry Run exercise shows the goal of reporting of registers of information under Digital Operational Resilience Act in 2025 within reach Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing the last package of final reports containing regulatory technical standards and guidelines ahead of the full entry into application of the Markets in Crypto Assets Regulation (MiCA). ESMA has delivered extensive regulatory work over the past 18 months, comprising …

ESMA releases last policy documents to get ready for MiCA Read More »

Proposals for a new platform – The Private Intermittent Securities and Capital Exchange System (PISCES) – on which shares in private companies will be bought and sold have been set out by the FCA. PISCES will open the door to more opportunities for investors to take stakes in private companies. Greater confidence to invest in …

FCA consults on new private stock market Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing the last package of final reports containing regulatory technical standards and guidelines ahead of the full entry into application of the Markets in Crypto Assets Regulation (MiCA). ESMA has delivered extensive regulatory work over the past 18 months, comprising …

ESMA releases last policy documents to get ready for MiCA Read More »

We welcome the additional clarity the judgment brings to discretionary commission arrangement (DCA) complaints. On 17 December 2024, the High Court found in favour of the Financial Ombudsman ServiceLink is external, in a review of its decision to uphold a complaint relating to a discretionary commission arrangement (DCA) in a motor finance agreement. The Court …

FCA responds to High Court motor finance judicial review decision Read More »

Benjamin Thomas Molloy of Point Cook, Victoria has been convicted of making false statements to ASIC, contrary to sections 1308(1) and 1308(2) of the Corporations Act 2001 (Cth). On 13 December 2024, in the Melbourne Magistrates’ Court, Mr Molloy was sentenced to a recognisance release order under section 20(1)(b) of the Crimes Act 1914 (Cth), …

Former Victorian director charged with making false statements to ASIC Read More »

Former registered liquidator and external administrator Peter Andrew Amos was sentenced on 13 December 2024 in the District Court of NSW to four years imprisonment after pleading guilty to charges of dishonestly using his position with the intention of gaining an advantage for his business and himself contrary to s 184(2)(a) of the Corporations Act …

Former registered liquidator Peter Amos sentenced to prison for dishonest use of position as external administrator Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today the Final Report covering mandates under the MiFIR Review on bond trade transparency and reasonable commercial basis (RCB). The report includes the amendments to regulatory technical standards (RTS) on the mandates for bonds, structured finance products (SFPs) and emission …

ESMA publishes its Final Report on bond transparency and reasonable commercial basis under MiFIR Review Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today new and revised technical standards for Consolidated Tape Providers (CTPs) and other Data Reporting Services Providers (DRSPs). The technical standards outlined in the Final Report cover the new rules applicable to CTPs regarding data quality and reporting, revenue redistribution …

ESMA delivers technical standards on CTPs and other DRSPs Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today the Final Report with proposals for amendments related to equity transparency under the Markets in Financial Instruments Directive (MiFID II). Through its proposals ESMA aims to contribute to a more informative pre-trade and post-trade transparency regime. The report includes …

ESMA delivers final report on equity transparency under MiFID II Read More »