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.

Monday 6th April 2020

United Kingdom

03-AprLSELondon Stock Exchange supporting issuers of social and sustainability bonds that mitigate the impact of the COVID-19 pandemic
FCASenior Managers and Certification Regime (SM&CR) and coronavirus (Covid-19): our expectations of solo-regulated firms
Joint FCA and PRA statement Senior Managers and Certification Regime (SM&CR) and coronavirus (Covid-19): our expectations of dual-regulated firms
HMTUpdate to appointment on Financial Conduct Authority (FCA) Board
Chancellor strengthens support on offer for business as first government-backed loans reach firms in need
PRAJoint PRA and FCA Statement on ‘Senior Managers and Certification Regime and Coronavirus: Our expectations of firms’


European Union

03-AprEBAEBA extends call for expression of interest for its new Banking Stakeholder Group
04-AprECBIsabel Schnabel: Interview with To Vima


Republic of Ireland

03-AprCBICovid-19 has triggered a severe negative shock to the Irish economy – Central Bank of Ireland
DPCData Protection Tips for Video-conferencing


Germany

03-AprBaFinEBA veröffentlicht Leitlinien zu allgemeinen Zahlungsmoratorien
EIOPA verlängert weitere Konsultationsfristen
Market Abuse Regulation: allowance to be made for the current situation when fulfilling the reporting requirements
EBA verlängert Frist zur Interessenbekundung für neue Interessengruppe Bankensektor
Die ESMA sieht für institutionelle und Kleinanleger über längeren Zeitraum Risiken
BaFin aktualisiert Merkblatt mit Hinweisen zum Tatbestand


France

03-AprACPRL’ACPR appelle les organismes d’assurance sous sa supervision à s’abstenir de distribuer un dividende
AMFCovid-19: The AMF informs shareholders and listed companies of the exceptional measures taken for the organisation of shareholders’ meetings


The Netherlands

03-AprLAFMEBA: consumentenbescherming centraal in betalingsregelingen


United States of America

03-AprCFPBFederal Agencies Encourage Mortgage Servicers to Work with Struggling Homeowners Affected by COVID-19
Media Advisory: Consumer Financial Protection Bureau Releases Video on How Mortgage Forbearance Works Under CAREs Act
FDICFIL-34-2020 FDIC Extends Comment Period Related to the Proposed Revisions to the Brokered Deposits Rules
FinCenThe Financial Crimes Enforcement Network Provides Further Information to Financial Institutions in Response to the Coronavirus Disease 2019 (COVID-19) Pandemic
FRBFederal agencies encourage mortgage servicers to work with struggling homeowners affected by COVID-19
NYDFSPaycheck Protection Loan Program
OCCFederal Agencies Encourage Mortgage Servicers to Work With Struggling Homeowners Affected by COVID-19
Mortgage Servicing
SECRegulatory Priorities and COVID-19
Statement on the Importance of High-Quality Financial Reporting in Light of the Significant Impacts of COVID-19
04-AprDOJDepartment of Justice Issues Business Review Letter to Medical Supplies Distributors Supporting Project Airbridge Under Expedited Procedure for COVID-19 Pandemic Response


ChinaJapan

03-AprPBCDeputy Governor Chen Yulu Attends the ASEAN+3 Finance and Central Bank Deputies’ Virtual Meeting


Hong KongJapan

03-AprHKMALiquidity measures in response to Covid-19 outbreak
The HKMA and the banking sector join forces to help Hong Kong’s economy overcome the outbreak of COVID-19


JapanJapan

03-AprFSABG2C put off further to be rescheduled after Covid-19 subsides


South KoreaJapan

03-AprFSCMarket Monitoring Meeting Reaffirms Financing Support for Businesses Affected by COVID-19


SingaporeJapan

03-AprABSABS Statement on Elevated Safe Distancing Measures


The PhillipinesJapan

03-AprSECPSEC DIRECTS LENDING, FINANCING COMPANIES TO IMPLEMENT 30-DAY EXTENSION FOR LOAN PAYMENTS AMID PANDEMIC
SEC FLAGS GROUPS RIDING ON COVID-19 PANDEMIC TO SCAM INVESTORS, CONSUMERS


ThailandJapan

03-AprSEC-THก.ล.ต. ผ่อนผันเวลาการประกาศและการนำส่งงบการเงินรายปีให้แก่บริษัทหลักทรัพย์และผู้ประกอบธุรกิจสัญญาซื้อขายล่วงหน้าที่ได้รับผลกระทบจาก COVID-19


New Zealand

03-AprRBNZCash system sound and functioning
05-AprBridging the Gap – Seeing the Future


International / Global

03-AprBISMeasures to reflect the impact of Covid-19
Basel Committee sets out additional measures to alleviate the impact of Covid-19
Margin requirements for non-centrally cleared derivatives
Basel Committee and IOSCO announce deferral of final implementation phases of the margin requirements for non-centrally cleared derivatives
IOSCOIOSCO Statement on Application of Accounting Standards during the COVID-19 Outbreak


Note: Key Updates as of 8:00am Monday 6th April 2020