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.


Thursday 16th April 2020

United Kingdom

FCADear CEO letter: lending to small businesses
Dear CEO letter on insuring SMEs: business interruption
HMTTreasury Direction made under Sections 71 and 76 of the Coronavirus Act 2020
Chancellor leads on G20 Finance Ministers’ Action Plan to fight Covid-19 global outbreak
Furlough scheme cut-off date extended to 19 March
ICOHow we will regulate during coronavirus
LSEDebt Capital Markets Update Q1 2020
UK FinanceBanking and finance sector provides over £1.1 billion to SMEs through Covid-19 lending scheme


European Union

ECState aid: Commission approves €770 million Bulgarian employment aid scheme for preserving jobs in sectors most affected by the coronavirus outbreak
State aid: Commission approves Czech scheme of up to €37 million to support investments in the production of coronavirus-relevant products
State aid: Commission approves prolongation and modification of the French “Fonds de solidarité” scheme for small enterprises in temporary financial difficulties due to coronavirus outbreak
Joint statement by EU and UK negotiators following the videoconference on 15 April 2020
ECBSupervisory reporting measures in the context of the coronavirus (COVID-19) pandemic
ECB supports macroprudential policy actions taken in response to coronavirus outbreak
ESMAOpinion on CNMV emergency measure under the SSR
Opinion on FSMA emergency measure under the SSR
Opinion on AMF emergency measure under the SSR
Opinion on HCMC emergency measure under the SSR
Opinion on FMA emergency measure under the SSR
ESMA issues positive opinions on short selling bans by Austrian FMA, Belgian FSMA, French AMF, Greek HCMC and Spanish CNMV
EUPARLThe economy and coronavirus - Weekly Picks - 15/04/2020
The SURE: Main Features


Republic of Ireland

CBICentral Bank publishes two research papers using real-time data on economic impact of Covid-19


Germany

BaFinLKA bittet Kreditwirtschaft um Prüfung verdächtiger Zahlung
EBA sieht Banken wegen solider Kapitalpositionen gegen Corona gewappnet
ESMA verschiebt den Zeitpunkt der Veröffentlichung der jährlichen Transparenzberechnungen für Nichteigenkapitalinstrumente und die quartalsweise Veröffentlichung von Daten zur systematischen Internalisierung


France

AMFThe AMF announces the extension of the net short position ban until 18 May 2020
BDFECB supports macroprudential policy actions taken in response to coronavirus outbreak


Belgium

BNBQ&As Moratorium and guarantee scheme


United States of America

CFPBCFPB and FHFA Announce Borrower Protection Program
DOTSupplemental Security Income Recipients Will Receive Automatic COVID-19 Economic Impact Payments
“Get My Payment” Web App Launched for Americans to Submit Direct Deposit Information and Track Payments


China

PBCDeputy Governor Chen Yulu Attended G20 Finance Ministers and Central Bank Governors Virtual Meeting


Hong Kong

HKIAThird virtual insurer granted new authorization under Fast Track


India

SEBISEBI Notification on COVID 19


Japan

FSACorporate Year-End Closing of Accounts, Auditing and Shareholders meeting in Response to the Increasing Impact of COVID-19 (Novel Coronavirus)


Philippines 

BSPOverall BOP Position Posts US$839 Million Surplus in February 2020


Thailand

SEC-THก.ล.ต. ลดค่าธรรมเนียมรายปีให้แก่บริษัทที่ออกหลักทรัพย์ เพื่อบรรเทาผลกระทบจาก COVID-19


Global / InternationalJapan

OECDTax and fiscal policy should continue to support households and businesses through containment, then shift to bolstering recovery


Note: Key Updates as of 8:00am Thursday 16th April 2020