Global Trustee and Fiduciary Services Bite-Sized Issue 11 2023

Global Trustee and Fiduciary Services Bite-Sized | Issue 11 | 2023 15 Publication Release Date Link Luxembourg: CSSF issues communiqué on evaluation of diversity policies through data collection analysis 10 October 2023 Link to Communiqué (French only) here ESMA assesses market developments in DeFi and explores the smart contracts system 11 October 2023 Link to Press Release here Germany: BaFin publishes information webpage on DORA 11 October 2023 Link to Webpage here SMSG advice to ESMA on its Consultation Paper on Technical Standards specifying certain requirements of the Markets in Crypto Assets Regulation (MiCA) 11 October 2023 Link to SMSG Advice here ESMA puts forward expectations towards effective circuit breaker implementation 12 October 2023 Link to Press Release here EU Council publishes final compromise texts for MiFIR2 and MiFID3 13 October 2023 Link to MiFIR2 Text here Link to MiFID3 Text here Luxembourg: CSSF issues circular on application of ESMA guidelines on certain aspects of MiFID2 remuneration requirements 13 October 2023 Link to CSSF Circular here ESMA: AIFMD reporting IT technical guidance (rev 6) [updated] 16 October 2023 Link to Press Release here European Commission publishes its Work Programme for 2024 17 October 2023 Link to Work Programme here European Commission publishes a proposal amending BMR as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements 17 October 2023 Link to Proposal here Speech by ESMA Chair Verena Ross: Being ready for the digital age 17 October 2023 Link to Speech here Eurosystem proceeds to next phase of digital euro project 18 October 2023 Link to Press Release here EU Taxonomy: The Platform on Sustainable Finance together with the European Commission launches a stakeholder request mechanism 18 October 2023 Link to Press Release here EU Commission publishes FAQs on provisions under Climate and Disclosures Delegated Acts 20 October 2023 Link to FAQs on Climate Delegated Act here Link to FAQs on Disclosures Delegated Act here ESMA Publish Report – The Heat is On: Disclosures of Climate-Related Matters in Financial Statements 25 October 2023 Link to Report here ESMA publish results of a fact-finding exercise on corporate reporting practices under the Taxonomy Regulation 25 October 2023 Link to Summary of Findings here ESMA publishes analysis on the evolution of EEA share market structure since the application of MiFID II 30 October 2023 Link to Press Release here UK CMA launches market investigation into cloud services 5 October 2023 Link to Announcement here Speech: AI: Flipping the coin in financial services by Jessica Rusu, FCA Chief Data, Information and Intelligence Officer, at the City and Financial Global AI Regulation Summit 2023 5 October 2023 Link to Speech here FCA Updates webpage for Landing slots for funds in temporary marketing permissions regime 9 October 2023 Link to Webpage here FCA publish response to CMA's Environmental Sustainability Guidance 12 October 2023 Link to Press Release here Speech by Nikhil Rathi, Chief Executive, FCA, delivered at the City Dinner, Mansion House: Collaborate to compete: why we must all embrace a growth mindset 16 October 2023 Link to Speech here Bank of England publishes Minutes of CBDC Engagement Forum – September 2023 20 October 2023 Link to Minutes here FCA Updates its UK SFTR Webpage for information on validation rules and XML schemas 23 October 2023 Link to Updated Webpage here FCA writes to Remuneration Committee Charis of proportionality level one Banks, Building Societies and PRA designated investment firms 30 October 2023 Link to FCA Letter here FCA joins forces with global regulators to foster digital innovation with Project Guardian 31 October 2023 Link to FCA Statement here