ESMA launched its Interactive Single Rulebook, which is a new service for market participants and other interested stakeholders across EU. The Interactive Single Rulebook is an online tool that aims to provide a comprehensive overview of, and easy access to, all level 2 and level 3 measures adopted in relation to a given level 1 text. The tool is launched with the Level 1 text of the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive and links to all relevant Level 2 and Level 3 measures available elsewhere on the ESMA website.
The Interactive Single Rulebook aims to facilitate consistent application of the EU single rulebook in the securities markets. The new online tool provides, for Directives or Regulations under ESMA remit, a comprehensive overview of all implementing or delegated acts, guidelines, opinions, and questions and answers (Q&As). ESMA aims to provide an interactive version for each key Level 1 text under its remit incrementally, with the next texts being the Credit Rating Agencies Regulation and the Market in Financial Instruments Directive and Regulation (MiFID II and MiFIR).
Keywords: Europe, EU, Securities, Interactive Single Rulebook, UCITS, MiFID/MiFIR, ESMA
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.