The COVID-19 situation is complex and fast-moving, resulting in an extremely challenging environment to navigate. We have developed a daily regulatory intelligence bulletin, powered by RegHub and Corlytics, which 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.

Please note - the next bulletin will be on Tuesday 14th April.


 Thursday 9th April 2020

United Kingdom

CMAPrivate hospital merger to be approved if local concerns addressed
FCABCBS and IOSCO announce a one-year deferral of the remaining global initial margin requirements in response to coronavirus challenges
Statement of Policy: listed companies and recapitalisation issuances during the coronavirus crisis
Additional primary market measures to aid listed companies
HMTFreeports Consultation Extension
Chancellor sets out extra £750 million coronavirus funding for frontline charities
Chancellor of the Exchequer, Rishi Sunak on economic support for the charity sector
ICOICO statement on investigating coronavirus scams
LSELondon Stock Exchange Group plc Annual General Meeting Update
PSRUpdate on our work supporting cash access during the COVID-19 pandemic


European Union

AFMEJoint letter to ESMA on Climate Benchmarks Level 2 requirements
EBAEBA updates impact of the Basel III reforms on EU banks’ capital and compliance with liquidity measures
ECState aid: Commission approves €5.4 billion Danish scheme to compensate companies particularly affected by the coronavirus outbreak
Coronavirus: Commission adopts Recommendation to support exit strategies through mobile data and apps
SRBCOVID-19 crisis: SRB approach to MREL targets


Germany

BaFinEIOPA verlängert Bewerbungsfrist für zwei Interessengruppen
ESMA: Pandemie hat erhebliche negative Auswirkungen auf Portfolios
BBKStudie zeigt quantitative Auswirkungen des finalisierten Basel III-Reformpakets für deutsche Institute – Baseler Ausschuss verschiebt Einführung um ein Jahr angesichts der Corona-Krise


France

AMFRetail investors: find answers to the questions you are asking yourself in the context of the coronavirus pandemic (covid-19)
BDFCESE : "De l’action d’urgence face à la crise, aux premières réflexions sur l’après-crise"
Le Monde : "De l'urgence d'aujourd'hui aux premières réflexions pour demain"


Italy

BDIAttività a garanzia delle operazioni di rifinanziamento con l'Eurosistema: misure di allentamento in risposta all'emergenza COVID-19


United States of America

FERCReadout from FERC COVID-19 Pandemic conference call with NASUCA | Readout
NYDFSDFS Issues New Emergency Regulation Requiring Commercial Health Insurers to Defer Payment Of Premiums Through June 1st For Consumers & Businesses Experiencing Financial Hardship During COVID-19 Pandemic
SECRulemaking in the Time of COVID-19
SEC Provides Temporary, Conditional Relief for Business Development Companies Making Investments in Small and Medium-sized Businesses 
Statement on the Adoption of Changes to the Offering Rules for Closed-End Funds and Business Development Companies
The Importance of Disclosure – For Investors, Markets and Our Fight Against COVID-19
Statement at Open Meeting on Securities Offering Reform for Business Development Companies and Closed-End Investment Companies


Japan

BOJTwelfth Meeting of the "Council for Cooperation on Financial Stability" [PDF 187KB]
Business continuity at the Bank of Japan at declaration of emergency state by the Government of Japan


South Korea

FSCHousehold Loans, March 2020
Strengthening Support for Vulnerable Debtors
Plans to Improve Rules on Exemption for Misconduct in Financial Services


Singapore

MASMAS Launches S$125 Million Package for Financial Institutions and FinTech Firms to Strengthen Long-Term Capabilities
SGXSGX RegCo announces measures to support issuers amid challenging COVID-19 business climate


Hong Kong

HKMARegulatory reserve


Philippines 

BSPBusiness Confidence Weaker for Q1 2020 but More Upbeat for Q2 2020
SECPSEC WARNS AGAINST 5 MORE INVESTMENT SCHEMES AMID COVID-19 PANDEMIC


AustraliaJapan

ACCCManaging the impacts of COVID-19 disruption on consumers and business
APRARegulators release feedback on financial institutions’ preparation for LIBOR transition
APRA temporarily suspends the issuing of new licences
ASIC20-083MR Regulators release feedback on financial institutions' preparation for LIBOR transition


Global / International

BISBasel III Monitoring Report
Basel III monitoring results based on end-June 2019 data published by the Basel Committee
IOSCOIOSCO reprioritizes its work program to address impact of COVID-19
OECDComposite Leading Indicators (CLI), OECD, April 2020

Note: Key Updates as of 8:00am Thursday 9th April 2020