The COVID-19 situation is complex and fast-moving, resulting in an extremely challenging environment to navigate. This daily regulatory intelligence bulletin, powered by RegHub and Corlytics, aims to provide a summary of regulatory developments relating to COVID-19. More information on how COVID-19 might impact your firm is available here.

Thursday 2nd April 2020

United Kingdom

FCACovid-19: savers stay calm and don't rush financial decisions
HMTHigh street benefits from £22 billion grants and business rates package
Business Secretary's statement on coronavirus (COVID-19): 1 April 2020
PRAPRA Regulatory Digest - March 2020
TPRCOVID-19: savers - stay calm and don't rush financial decisions


European Union

AFMEAFME welcomes temporary relaxation of pre-emption rights for share issuance
SRBAn extraordinary challenge: SRB actions to support efforts to mitigate the economic impact of the COVID-19 outbreak
SRB publishes key bank resolution policy: Expectations for Banks
Letter to banks under the SRB's remit on potential operational relief measures related to the COVID-19 outbreak


Germany

BaFinEBA: Banken sollen auf Dividenden, Aktienrückkäufe und unangemessene Boni verzichten
SRB-Vorsitzende Elke König will Banken operativ entlasten und Vorgaben flexibilisieren
ESMA: Fristverstöße bei Best-Execution-Reports risikobasiert beurteilen
Coronavirus crisis: BaFin outlines changes to supervisory requirements


France

BDFEurope 1 - « La Médiation du crédit aux entreprises est à l’écoute des entrepreneurs pour qu’ils traversent au mieux cette crise ».


Belgium

BNBInsurance - new COVID-19 reporting and extension of OneGate and eCorporate due dates
Communication NBB_2020_009 / Expectations regarding dividend distribution policy in the context of the management of the coronavirus (COVID-19)

The Netherlands

LAFMESMA: coulance best execution rapportageverplichting


United States of America

CFPBCFPB Issues Credit Reporting Guidance During COVID-19 Pandemic
DOJCourt Enters Final Judgment in T-Mobile/Sprint Transaction
DOTTreasury and IRS Release FAQs to Help Small and Midsize Businesses Navigate Paid Sick and Family Leave Tax Credits
FRBFederal Reserve Board announces temporary change to its supplementary leverage ratio rule to ease strains in the Treasury market resulting from the coronavirus and increase banking organizations’ ability to provide credit to households and businesses

China

PBCGovernor YI Gang Attended G20 Finance Ministers and Central Bank Governors Virtual Meeting


Australia

APRAAPRA outlines changes in reporting obligations for ADIs and RFCs in response to COVID-19
APRA and ASIC release joint letter to superannuation trustees on COVID-19
ASICASIC Corporate Insolvency Update - Issue 15
AUSTRACFighting financial crime together – SMRs during the COVID-19 pandemic
BCCCBCCC response to bank and customer COVID-19 challenges


Taiwan

FSCSImportant Events in February 2020(PDF FILE)


South Korea

FSCSOn-site Support Visits to Facilitate Delivery of COVID-19 Financial Support Package
FSC Adds 9 More Innovative Financial Services to Regulatory Sandbox at 1-Year Anniversary


Singapore

MASComments by MAS on Covid-19 (Temporary Measures) Bill


Hong Kong

SFCJoint Statement in relation to General Meetings in light of the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation


International / Global

FATFStatement by the FATF President: COVID-19 and measures to combat illicit financing


Note: Key Updates as of 8:00am Thursday 2nd April 2020