Global Trustee and Fiduciary Services Bite-Sized Issue 1 2024

Global Trustee and Fiduciary Services Bite-Sized | Issue 1 | 2024 20 Publication Release Date Link North America Remarks by SEC Chair Gary Gensler before the Financial Stability Oversight Council: 2023 Annual Report 14 December 2023 Link to Speech here SEC Issues Staff Report on Accredited Investor Definition 15 December 2023 Link to Press Release here Europe Netherlands: Authority for the Financial Markets issues its second publication explaining key aspects of the Digital Operational Resilience Act 1 December 2023 Link to AFMDORAWebpage here Luxembourg: CSSF issues circular on ESMA guidelines on reporting under EMIR 1 December 2023 Link to Circular here Members of the European Parliament adopt significant changes to draft rules on ESG ratings 5 December 2023 Link to Announcement here ESAs launch second consultation on joint Guidelines on the system for the exchange of information relevant to fit and proper assessments 5 December 2023 Link to Second Consultation here Capital Markets Union: Council reaches agreement on improvements to EU clearing services 6 December 2023 Link to Press Release here EBA consults on Draft Regulatory Technical Standards specifying the requirements for policies and procedures on conflicts of interest for issuers of asset-referenced tokens under MicA 7 December 2023 Link to Consultation Paper here European Commission welcomes political agreement on Artificial Intelligence Act 9 December 2023 Link to European Commission Press Release here ESAs recommend steps to improve activities of innovation facilitators across the European Economic Area 11 December 2023 Link to Report here EU Council and Parliament strike deal to protect environment and human rights under the Corporate Sustainability Due Diligence Directive 14 December 2023 Link to Announcement here ESMA consults on draft guidelines on enforcement of sustainability information 15 December 2023 Link to Consultation Paper here Updated Questions and Answers onMiFID II andMiFIR investor protection and intermediaries topics 15 December 2023 Link to Updated Q&A here Updated Questions and Answers on the Benchmarks Regulation 15 December 2023 Link to Updated Q&As here EBA provides guidance on the benchmarking of diversity practices under the Capital Requirements and Investment Firms Directives 18 December 2023 Link to Press Release here Consolidated Q&As on the PRIIPs Key Information Document Updated 18 December 2023 Link to Consolidated Q&A here ESMA presents methodology for climate risk stress testing and analysis of the financial impact of greenwashing controversies 19 December 2023 Link to Dynamic modelling of climate- related shocks in the fund sector article here Link to the financial impact of greenwashing controversies here EU Council agrees negotiating mandate on ESG ratings 20 December 2023 Link to Press Release here Council of the EU: Cyber solidarity act: Members States agree common position to strengthen cyber security capacities in the EU 20 December 2023 Link to Press Release here ESAs propose extending the EMIR equity option exemption 20 December 2023 Link to Press Release here UK FCA states its expectations of firms offering fractional shares to retail investors 1 December 2023 Link to FCA Expectations here House of Commons Treasury Committee: The digital pound: still a solution in search of a problem? 2 December 2023 Link to Report here FCA’s CP23/27: Reforming the commodity derivatives regulatory framework 4 December 2023 Link to CP23/27 here Joint PRA and FCA PS16/23 – Remuneration: enhancing proportionality for smaller firms 5 December 2023 Link to PS16/23 here