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 1st May 2020

United Kingdom

CMACMA to investigate concerns about cancellation policies
FCAStrong customer authentication and coronavirus
HMTVAT scrapped on E-publications
Treasury cut taxes to reduce PPE costs
TPRTrustees and employers must work together to protect savers – TPR
UK FinanceLenders provide over £4 Billion to SMEs through Covid-19 loan scheme
UK Finance responds to the Lending Standards Board's summary report on the CRM code


Jersey

JFSCWebinar: Working in the pandemic


European Union

ECState aid: Commission approves modification of Greek guarantee measure to support companies affected by the coronavirus outbreak
ECBECB recalibrates targeted lending operations to further support real economy
Christine Lagarde, Luis de Guindos: Introductory statement to the press conference
Decision (EU) 2020/XX of the ECB of 30 April 2020 amending Decision (EU) 2019/1311 on a third series of targeted longer-term refinancing operations (ECB/2020/25), 30.4.2020.
Monetary policy decisions
EIOPAEIOPA revises its timetable for advice on Solvency II Review until end December 2020
ESMASummary of Conclusions Board of Supervisors conference call- 18 March 2020
EUPARLReform of the EU liability regime for online intermediaries: Background on the forthcoming digital services act
AMFRobert Ophèle détaille les actions de l'AMF dans le contexte de crise liée au Covid-19


Luxembourg

CSSFCircular CSSF 20/741
Global situation of undertakings for collective investment at the end of March 2020


United States of America

DOTReadout from a Treasury Spokesperson on Secretary Mnuchin’s Call with G7 Finance Ministers


SingaporeJapan

MASMAS and Financial Industry Provide Additional Support for Individuals


ThailandJapan

SEC-THก.ล.ต. จัดอบรมออนไลน์ “การจัดทำแผนรับมือเหตุภัยคุกคามไซเบอร์” เสริมสร้างความพร้อมผู้ประกอบธุรกิจในตลาดทุน


Philippines 

BSPEnd-March 2020 GIR Level Rises to US$89 Billion
SECPSEC OKAYS EMERGENCY MEASURE TO CURB VOLATILITY IN STOCK MARKET AMID COVID-19 PANDEMIC


New ZealandJapan

RBNZReserve Bank removes LVR restrictions for 12 months
FMAConsultation on expiring class legislative notices


Global / InternationalJapan

BISBasel Committee publishes stocktake report on climate-related financial risk initiatives
OECDNew OECD data provides a baseline for measuring the impact of COVID-19 on labour taxes
Virtual 2020 G20 Digital Ministers Summit on COVID-19


Note: Key Updates as of 8:00am Friday 1st May 2020