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Europe News

The latest industry and regulatory news affecting Europe and the U.K.

  • FIA EPTA response to the European Commission public consultation on a retail investment strategy for Europe

    The FIA European Principal Traders Association (FIA EPTA) appreciates the opportunity to provide feedback to the European Commission Public consultation on a retail investment strategy for Europe. The FIA European Principal Traders Association (FIA EPTA) appreciates the opportunity to provide feedback to the European Commission Public consultation on a retail investment strategy for Europe. FIA EPTA members believe that the current retail investor protection framework is an important tool to ensure retail participation in capital markets. However, an update is necessary. Over the past years, retail participation on lit markets has gone down, and the ways in which retail investors participate in the markets has changed. New technologies and platforms have emerged and are rapidly changing how retail investors interact with the market.

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  • Response by FIA EPTA to the EBA consultation on Draft Regulatory Technical Standards on the reclassification of investment firms as credit institutions in accordance with Article 8a (6)(b) of Directive 2013/36/EU

    FIA EPTA welcomes the opportunity to respond to the EBA’s consultation paper (the Consultation Paper) on proposed revised Regulatory Technical Standards relating to the reclassification of investment firms as credit institutions in accordance with Article 8a(6)(b) of Directive 2013/36/EU (the Reclassification RTS). FIA EPTA has consistently welcomed the new prudential regime for investment firms contained in the Investment Firm Regulation and Directive (IFR/IFD), which is aimed at creating a tailored and proportionate prudential framework for firms such as those we represent.

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  • FIA EPTA Response to the Bank of England Consultation on the Derivatives clearing obligation

    FIA EPTA welcomes the opportunity to respond to the Bank of England on its proposal to amend the derivatives clearing obligation to reflect interest rate benchmark reform. FIA EPTA has consistently supported the G20 reforms to the OTC derivatives markets, which have made these markets more open, competitive, and transparent

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  • Trade associations submit letter on CSDR mandatory buy-in rules

    On 14 July 2021, FIA and 15 other trade associations wrote to the European Securities and Markets Authority and the European Commission on the timeline for implementation of the mandatory buy-in rules as part of the Central Securities Depositories Regulation (CSDR) settlement discipline regime.

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  • FIA EPTA response to UK Government (BEIS) consultation on “Restoring trust in audit and corporate governance.”

    FIA EPTA members are supportive of measures to enhance transparency, corporate governance, and good market conduct and are generally supportive of many provisions in the Consultation. However, we note below the areas where we have concerns and believe further work and public consultation would be needed in order for the UK to develop an appropriate, proportionate regime that supports good corporate governance, the reputation of the UK as a good place to do business, and the competitiveness of the UK economy

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  • FIA responds to European Commission's Delegated Act on AAE MiFID

    FIA responded to the European Commission consultation on a draft Delegated Act setting out details regarding the ancillary activities exemption for commodity firms under MiFID II, which was amended by the MiFID quick fix earlier this year.

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  • FIA EPTA response to FCA CP21/09 on Changes to UK MIFID’s conduct and organisational requirements

    FIA EPTA welcomes the opportunity to respond to the FCA’s consultation on changes to UK MIFID’s conduct and organisational requirements with a particular view on best execution reports. We agree with the FCA assessments that, in their current form, RTS 27 (quarterly reports) and RTS 28 (annual reports) have not achieved their policy goal of enhancing investor protection or improving information on execution quality and order routing.

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  • FIA submits recommendation to the Taskforce on Scaling Voluntary Carbon Markets consultation

    On June 21, FIA submitted comments and recommendations to the Taskforce on Scaling Voluntary Carbon Markets Phase II Public Consultation Report.

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  • FAQs on switch to 'SONIA First' for GBP Exchange Traded Derivatives from June 17

    As part of a 'SONIA first' initiative, the Bank of England and FCA are encouraging all market participants and liquidity providers in the sterling exchange traded derivatives market to switch the default traded instrument to SONIA instead of LIBOR from 17 June

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  • FIA EPTA members elect new Executive Committee

    FIA EPTA’s members have elected a new Executive Committee as the governing body of the industry organisation. Johannah Ladd (Quantlab BV) and Virginie Saade (Citadel Securities Europe Ltd) were re-elected for a two-year term in ExCo. Chris Rhodes (Tyler Capital Ltd.) and David Furlong (Virtu Financial LLC) were newly elected for a two-year term in ExCo.

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