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.

The next Bulletin will be released on Monday 11th May.

Thursday 7th May 2020

United Kingdom

CMACMA blocks sports-fashion merger
FCAPeriod to cover absent Senior Managers extended due to coronavirus (Covid-19)
FCA’s national and international response to coronavirus (Covid-19) and Brexit


Jersey

JFSCJFSC sends warning to businesses after spike in malicious emails


European Union

ECState aid: Commission approves €40 million Finnish direct grant schemes to support companies in the agriculture and fishery sectors affected by coronavirus outbreak
ENISAUnderstanding and dealing with phishing during the covid-19 pandemic
ESMAReminder of firms’ MiFID II conduct of business obligations in the context of increasing retail investor activity
Consultation paper on SME GMs under MiFID II and MAR
ESMA reminds firms of conduct of business obligations under MiFID II
ESMA registers SFTR TRs
ESMA extends four trade repositories registrations to include securities financing transactions reporting 
EUPARLThe ECB’s Monetary Policy Response to the COVID-19 Crisis


France

AMFAMF Annual Report 2019: Letter from the AMF Chairman to the President of the Republic


Italy

BDICredito e liquidità per famiglie e imprese: 1,6 mln domande di moratoria sui prestiti e oltre 90.000 domande al Fondo di Garanzia per le PMI
IDPACoronavirus: le FAQ del Garante privacy su scuola, lavoro, sanità, ricerca ed enti locali. Chiarimenti e indicazioni per pubbliche amministrazioni e imprese private


Spain

BDEOccasional Papers. 2011. La economía española en 2019
The Banco de España will apply the flexibility available in the regulations on minimum requirements for own funds and eligible liabilities (MREL), in view of the impact of COVID-19


United States of America

CFTCCFTC’s Global Markets Advisory Committee to Meet on May 19
DOTMinutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association May 5, 2020
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
QUARTERLY REFUNDING STATEMENT OF DEPUTY ASSISTANT SECRETARY FOR FEDERAL FINANCE BRIAN SMITH
FDICLiquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities 12 CFR Part 329 RIN 3064–AF51 Interim final rule with request for comments Effective Date: May 6, 2020 Comment Period End: June 5, 2020
FRBCA 20-7 Flood Insurance Compliance in Response to the Coronavirus
Agencies extend two resolution plan deadlines
SECStatement on Final Order Directing the Creation of a New Plan for Consolidated Equity Market Data


CanadaJapan

IIROCCOVID-19 Related Exemptions from IIROC Rules – Applications Received and Exemptions Granted to April 30, 2020


IndiaJapan

SEBIRelaxations relating to procedural matters – Issues and Listing


SingaporeJapan

MASElectronic Dissemination of Rights Issue and Take-over Documents Allowed Until 30 September 2020


South KoreaJapan

FSCFSC's Revision Proposal Designates 7 Specific Industries for Key Industry Bailout Fund
Margin Requirements for Non-centrally Cleared OTC Derivatives to be Postponed for One Year
FSC Chairman Stresses Importance of Concerted Effort from Banks and Financial Authorities


PhillipinesJapan

BSPPhilippine Financial System Shows Soundness, Resilience and Readiness in Second Half of 2019
SECPSEC WARNS PUBLIC OF MORE INVESTMENT SCAMS AMID COVID-19 PANDEMIC


AustraliaJapan

ASIC20-102MR Retail investors at risk in volatile markets
OAICJoint statement on COVID-19 and the duty to document


New ZealandJapan

FMAFMA and External Reporting Board release review of key audit matters reporting


Note: Key Updates as of 8:00am Thursday 7th May 2020