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 27th April 2020

United Kingdom

24-AprCMAProtecting consumers during the coronavirus (COVID-19) pandemic: update on the work of the CMA’s Taskforce
CMA publishes update on COVID-19 Taskforce
FCAFCA confirms support for motor finance and high-cost credit customers
FS20/4: Temporary financial relief for consumers impacted by coronavirus: feedback on draft guidance and rules (motor finance and high cost credit)
FSCSHow we helped over 2,000 customers in four days
HMTEmergency fund of up to £10.5 million to support lifeline transport links to the Isle of Wight and the Isles of Scilly
ICOStatement in response to details about an NHSX contact tracing app to help deal with the COVID-19 pandemic


European Union

24-AprECState aid: Commission approves French guarantee scheme for exporting companies affected by coronavirus outbreak
Coronavirus: EU guidance for a safe return to the workplace
State aid: Commission approves €2 billion Slovenian “umbrella” scheme to support the economy in coronavirus outbreak
Coronavirus Global Response: EU launches pledging effort
State aid: Commission approves Swedish public guarantee of up to €137 million to compensate airline SAS for damage caused by coronavirus outbreak
State aid: Commission approves €100 million Dutch subsidised loan scheme to support SMEs affected by coronavirus outbreak
State aid: Commission approves €3 billion Finnish scheme to support companies affected by coronavirus outbreak
State aid: Commission approves €700 million Polish aid scheme to support companies affected by the coronavirus outbreak
State aid: Commission approves €5 million Lithuanian scheme for SMEs active in road freight transport affected by the coronavirus outbreak
Press statement by Michel Barnier following the second round of future relationship negotiations with the United Kingdom
EC-DGFISMAThe EU Technical Expert Group on Sustainable Finance publishes a statement entitled "Sustainable recovery from the Covid-19 pandemic requires the right tools"
ESMA2020 Calendar of the Executive Director of ESMA


Germany

24-AprBaFinBaFin reaffirms advice for investors to exercise caution with buy recommendations for shares
BaFin rät Anlegern erneut zur Vorsicht bei Aktienbewerbungen im Zusammenhang mit der aktuellen Corona (Covid 19)-Pandemie
Die EBA gibt weitere Orientierungshilfen zu Marktrisiko, SREP-Bewertungen und Sanierungsplanung
Erklärung zu den Grundsätzen der Anlagepolitik: BaFin veröffentlicht Auslegungsentscheidung
BBK„Die Kreditrisiken bereiten uns die größten Sorgen“ Interview mit dem Handelsblatt


France

24-AprBDFLe Figaro : « Réagir, repartir, rebondir »

The Netherlands

24-AprLAFMHelp klanten met hypotheekproblemen


United States of America

24-AprCFPBConsumer Financial Protection Bureau Outlines Mortgage Loan Transfer Process to Prevent Consumer Harm
CFTCCFTC Provides Additional Relief to Market Participants in Response to COVID-19
20-16 No-action position in response to the COVID-19 pandemic for persons required to submit fingerprints in connection with applying for registration as an associated person or being listed as a principal of a registrant
DOTJoint Statement by Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza on the Resumption of the Paycheck Protection Program
FRBFederal Reserve Board announces interim final rule to delete the six-per-month limit on convenient transfers from the "savings deposit" definition in Regulation D
MSRBSR-MSRB-2020-01 (April 13, 2020) Proposed Rule Change to Provide Dealers and Municipal Advisors Additional Time to Comply with Certain Obligations for a Temporary Period of Time and Temporarily Suspend Late Fees on Payments Owed to the MSRB [Refiled to ma
MSRB Discusses COVID-19 Response at Virtual Quarterly Board Meeting
Proposed Rule Change to Provide Dealers and Municipal Advisors Additional Time to Comply with Certain Obligations for a Temporary Period of Time and Temporarily Suspend Late Fees on Payments Owed to the MSRB [Refiled to make technical changes, original fi
NYDFSStatement by Superintendent of Financial Services Linda A. Lacewell on the Latest Federal Economic Relief Package for COVID-19
OCCCOVID-19 Financial Support Programs
SECSEC Forms Cross-Divisional COVID-19 Market Monitoring Group
25-AprFDICFIL-50-2020 Small Business Administration (SBA) and U.S. Department of Treasury Announce Availability of New Paycheck Protection Program Loans
OCCCredit Administration


Hong KongJapan

24-AprHKMAHong Kong Monetary Authority launches a dedicated email account and enquiry hotline on the Pre-approved Principal Payment Holiday Scheme for Corporate Customers
FPS Fights the Epidemic with You
25-AprHKIAInsurance Authority office remains temporarily closed


IndiaJapan

24-AprSEBIOrder in the matter of Dhanolty Developers Ltd.
Relaxation in timelines for compliance with regulatory requirements by Depository and depository participants.


SingaporeJapan

24-AprABSTemporary arrangements regarding Client Advisory Competency Standards (CACS) (24 April 2020)


PhilippinesJapan

24-AprBSPBank Lending Standards Remain Broadly Steady in Q1 2020
Inflation Within Target Band in Q1 2020


AustraliaJapan

24-AprACCCTemporary exemptions under Consumer Data Right
26-AprOAICPrivacy protections in COVIDSafe contact tracing app


New ZealandJapan

24-AprRBNZWorkSafe guidelines for Financial Services businesses and staff under COVID-19 Alert Level 3


Note: Key Updates as of 8:00am Monday 27th April 2020