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.


Friday 24th April 2020

United Kingdom

CMACMA gives Just Eat and Takeaway.com deal the green light
HMTLetter to Home Office (23 April 2020)
HM Treasury announces revision to the UK Debt Management Office’s financing remit 2020-21
PRAFollow-up note to insurers on the letter from Sam Woods 'Covid-19: IFRS 9, capital requirements and loan covenants'
UK Finance£2.8 billion provided to SMEs through Coronavirus lending scheme


Republic of Ireland

CBINo.3 COVID-19 and the transmission of shocks through domestic supply chains (McCann and Myers)
No.2 SME liquidity needs during the COVID-19 shock (McGeever, McQuinn and Myers)
Central Bank publishes research on understanding SMEs in the Covid-19 pandemic


European Union

ECMedical Devices Regulation: Commission welcomes Council support to prioritise the fight against coronavirus
ESMAESMA Staff Stakeholder contacts in the First Quarter 2020
EUPARLBanking Union: Corona crisis effects - Briefing for the BUWG - Calendar week 17 / 2020
Has the application of the “fit and proper” regime improved governance structures in the Banking Union?


France

BDFLa BCE prend des mesures afin de réduire l’impact d’éventuelles dégradations de notations sur la disponibilité des garanties


United States of America

CFTCCFTC Provides Further Relief to Market Participants in Response to COVID-19
DOTStatement by Secretary Steven T. Mnuchin on the Passage of the Paycheck Protection Program and Health Care Enhancement Act
FDICRegulatory Capital Rule: Temporary Changes to the Community Bank Leverage Ratio Framework 12 CFR Part 324 RIN 3064–AF45 Interim final rule with request for comments Effective Date: April 23, 2020 Comment Period End: June 8, 2020
Regulatory Capital Rule: Transition for the Community Bank Leverage Ratio Framework 12 CFR Part 324 RIN 3064–AF47 Interim final rule with request for comments Effective Date: April 23, 2020 Comment Period End: June 8, 2020


Canada

IIROCCOVID-19 Related Exemptions from IIROC Rules – Applications Received and Exemptions Granted


Hong Kong

HKMAReform of Interest Rate Benchmarks
The Importance of Market Liquidity


India

SEBIReview of provisions of the circular dated September 24, 2019 issued under SEBI (Mutual Funds) Regulations, 1996 due to the COVID - 19 pandemic and moratorium permitted by RBI
Relaxation in relation to Regulation 44(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) on holding of Annual General Meeting (AGM) by top 100 listed entities by market capitalization, due to the COVID –19 pandem
Relaxation in Regulation 24(i)(f) of the SEBI (Buy-back of Securities) Regulations, 2018 due to the COVID 19 pandemic


JapanJapan

FSAFSA updated Information on COVID-19 (Novel Coronavirus)
FSA publishes Weekly Review No.389
BOJSchedule of the Monetary Policy Meeting [PDF 62KB]


ThailandJapan

SEC-THก.ล.ต. เตือนผู้ถือหุ้น UREKA ศึกษาข้อมูลและใช้สิทธิออกเสียง กรณีบริษัทย่อยเข้าลงทุนในโครงการผลิตและจำหน่ายน้ำประปา


Note: Key Updates as of 8:00am Friday 24th April 2020