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.


Wednesday 15th April 2020

United Kingdom

HMTChancellor delivers daily Coronavirus update (14 April 2020)
UK Finance1.2 million mortgage customers given payment holidays by lenders


European Union

AFMEJoint trade association letter on the impact of COVID-19 on the further implementation of the Shareholder Rights Directive II
EBAEU banks sail through the Corona crisis with sound capital ratios
ECState aid: Commission approves Italian guarantee scheme to support the economy in coronavirus outbreak
State aid: Commission approves German guarantee scheme to stabilise trade credit insurance market in coronavirus outbreak
State aid: Commission approves Italian guarantee scheme to support self-employed workers, SMEs and mid-caps affected by coronavirus outbreak
ESMASummary of Conclusions Board of Supervisors conference call- 10 March 2020
EUPARLA recipe for a sustainable and legitimate new EU/EA fiscal instrument


Germany

BaFinESMA: Erleichterungen bei Meldefristen für Fondsmanager
FSB-Vorsitzender schreibt an G20: 850 Maßnahmen bereits ergriffen
ESMA: Rechtzeitigkeit der externen Prüfungen von Administratoren und Kontributoren von Referenzzinssätzen hat keine Priorität
BBKThe vaults are full Interview with the Süddeutschen Zeitung
The vaults are full Cash, by card or digital. During the crisis Germans use old and new payment methods Interview with the Süddeutschen Zeitung


Switzerland

FINMAThe Swiss Financial Market Supervisory Authority FINMA is publishing further guidance in the context of the COVID-19 crisis. The exemptions and clarifications related to its supervisory practice concern ...
FINMA Guidance 04/2020


Italy

BDIMoratoria dei prestiti e Fondo di Garanzia per le Pmi: nelle prime 2 settimane oltre 660.000 adesioni alle nuove misure
Comunicazione congiunta Consob/Banca d'Italia del 14 aprile 2020


The Netherlands

LAFMTransactiemonitoring door beleggingsinstellingen en -ondernemingen moet beter


United States of America

CFPBTreatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19
CFTCStatement of CFTC Commissioner Rostin Behnam Regarding Part 190 Bankruptcy Regulations
Concurring Statement of CFTC Commissioner Rostin Behnam Regarding Amendments to Compliance Requirements for Commodity Pool Operators and Form CPO-PQR
CFTC Unanimously Approves 3 Proposed Rules, 2 Final Rules at April 14 Open Meeting
Statement of Chairman Heath P. Tarbert in Support of Long-Awaited Updates to the CFTC’s Bankruptcy Regime
Statement of Support by Commissioner Quintenz Regarding Part 190 Bankruptcy Regulations – Notice of Proposed Rulemaking
DOTChair’s Summary: G7 Finance Ministers and Central Bank Governors Virtual Meeting
FRBFederal banking agencies to defer appraisals and evaluations for real estate transactions affected by COVID-19
OCCAppraisals and Evaluations
Federal Banking Agencies to Defer Appraisals and Evaluations for Real Estate Transactions Affected by COVID-19


South Korea

FSCFSC's Response to COVID-19 Pandemic


Singapore

ABSABS Statement on Wearing Face Masks at Banks’ Retail Branches


Taiwan

FSCFSC asks banks to ease loan repayment terms for borrow......
FSC addresses coronavirus outbreak by approving amendm......


Philippines 

SECPSEC GIVES FOREIGN FIRMS MORE TIME TO SUBMIT SECURITIES DEPOSIT


AustraliaJapan

ASIC20-086MR Details of changes to ASIC regulatory work and priorities in light of COVID-19
20-085MR ASIC grants relief to industry to provide affordable and timely financial advice during the COVID-19 pandemic


Note: Key Updates as of 8:00am Wednesday 15th April 2020