Global Trustee and Fiduciary Services Bite-Sized Issue 8 2023

Global Trustee and Fiduciary Services Bite-Sized | Issue 8 | 2023 22 Europe ESMA submits to European Parliament, the Council and Commission its 2nd report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds 3 July 2023 Link to Report here ESRB publishes compliance report on the implementation of its Recommendations on liquidity and leverage risks in investment funds 4 July 2023 Link to Report here Commission Recommendation (EU) 2023/1424 on facilitating finance for the transition to a sustainable economy published in the Official Journal of the EU 7 July 2023 Link to Recommendation here ESMA provides insights into the expected sustainability disclosures in prospectuses 11 July 2023 Link to Statement here ESMA publishes supervisory briefing updating its guidance on the definition of advice 11 July 2023 Link to the Supervisory Briefing here ESAs publish non-confidential responses to their Call for Evidence on greenwashing 13 July 2023 Link to Responses here ECB publishes fourth progress report on the investigation phase of a digital euro 14 July 2023 Link to Report here Speech by European Commissioner for Financial Services, Financial Stability and Capital Markets Union, Mairead McGuinness, at the DG FISMA Roundtable on the distribution of retail investment products 18 July 2023 Link to Speech here ESMA publishes 2022 UCITS and AIFMD sanction reports 18 July 2023 Link to UCITS Report here Link to AIFMD Report here The EBA is collecting institutions' data on environmental, social and governance risks to set up a monitoring system 18 July 2023 Link to Announcement here ESMA publishes analysis of the cross-border investment activity of firms 19 July 2023 Link toESMAPressRelease here European Commission adopts report on the functioning of the Money Market Funds Regulation 20 July 2023 Link to Report here European Commission issues Joint Statement on the EU-U.S. Financial Regulatory Forum 21 July 2023 Link to Joint Statement here European Commission publishes climate resilience dialogue interim report 27 July 2023 Link to Report here ESMA and EBA assess the implementation of the revised Shareholder Rights Directive and identify areas for progress 27 July 2023 Link to Press Release here UK Chancellor of the Exchequer launches Mansion House Reforms 10 July 2023 Link to the Mansion House Speech here Link to FCA Statement on the Mansion House Speech here HMT publishes State of the Sector: Annual Review of UK Financial Services 2023 11 July 2023 Link to Report here FCA publishes webpage on the repeal and replacement of retained EU law 14 July 2023 Link to Webpage here FCA and PRA publishes update to the Regulatory Initiatives Grid 17 July 2023 Link to Update here Treasury Committee publishes Government’s response to Regulating Crypto report 20 July 2023 Link to Press Release here FCA launches permanent Digital Sandbox 20 July 2023 Link to Announcement here FCA publishes Annual Report and Accounts for 2022/23 20 July 2023 Link to FCA Publication here FCA publishes Market Watch 74 25 July 2023 Link to Market Watch here FCA webpage: Supervisory flexibility on transaction reporting 27 July 2023 Link to Webpage here Transition Plan Taskforce (TPT) issues status update 27 July 2023 Link to Update here FCA publish Handbook Notice No 111 28 July 2023 Link to HN No 111 here House of Commons Environmental Audit Committee: CfE – The role of natural capital in the green economy 31 July 2023 Link to News Article here Link to Call for Evidence here