Global Trustee and Fiduciary Services Bite Sized Issue 7 2023

Global Trustee and Fiduciary Services Bite-Sized | Issue 7 | 2023 17 Publication Release Date Link Europe ECON publish draft report on the proposal for a directive of the European Parliament and of the Council amending UCITS, CRD and IFD as regards the treatment of concentration risk towards central counterparties and the counterparty risk on centrally cleared derivative transactions 9 June 2023 Link to Draft Report here European Commission Consults on First Set of European Sustainability Reporting Standards 9 June 2023 Link to European Commission Webpage here Markets in Cryptoassets Regulation (MiCA) and the recast Regulation on information accompanying transfers of funds and certain cryptoassets published in the Official Journal 9 June 2023 Link to MiCA here Link to TFR here Swedish Presidency of the EU Council publishes progress report on legislative proposals amending the framework under EMIR 9 June 2023 Link to Progress Report here European Systemic Risk Board publishes its EUNon-bank Financial Intermediation Risk Monitor 2023 12 June 2023 Link to NBFI Monitor here Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, on how risks propagate from the non-bank financial sector through the banking system to become systemic 20 June 2023 Link to Speech here Speech by Verena Ross, ESMA Chair: Building safe digital financial markets: a collective effort 21 June 2023 Link to Speech here Keynote speech by Commissioner McGuinness at Better Finance International Conference on the EU Retail Investment Strategy 22 June 2023 Link to Speech here Keynote speech by Commissioner McGuinness at the FinTech Soiree hosted by the European Fintech Association (covering Fintech, AI, MiCA and DORA) 22 June 2023 Link to Speech here European Commission adopts two Delegated Regulations under the EU Taxonomy Regulation 27 June 2023 Link to EC Homepage here EU Council and European Parliament reach provisional agreement on an update to the rules on CSDR 27 June 2023 Link to EU Council Press Release here European Commission put forward new proposals to support the use of cash and to propose a framework for a digital euro 28 June 2023 Link to Press Release here ESMA creates a new webpage dedicated to Fund Management. The page collates all news articles and documents relating to ESMA’s oversight of UCITS and AIFMD 30 June 2023 Link to Webpage here UK Speech by Emily Shepperd, COO and Executive Director of Authorisations, FCA: Cultural evolution – how culture must change to meet expectations 26 June 2023 Link to Speech here UK Chancellor to sign financial services agreement with EU 27 June 2023 Link to Press Release here Law Commission: New recommendations for reform and development of the law on digital assets to secure UK’s position as global crypto hub 28 June 2023 Link to Press Release here