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 14th May 2020

United Kingdom

FCAStatement on how firms should handle post and paper documents
HMTApplications for Self-Employment Income Support Scheme open early
Government to support businesses through Trade Credit Insurance guarantee
LSBThe LSB’s Business Plan & Budget 2020/21


Isle of Man

IOMFSARegulated Entities – New Draft Guidance from Isle of Man Government for return to the office where working from home is not possible (Press Release)


European Union

ECTourism and transport: Commission's guidance on how to safely resume travel and reboot Europe's tourism in 2020 and beyond
Speech by President von der Leyen at the European Parliament Plenary on the new MFF, own resources and the Recovery Plan
ESMAESMA highlights challenges for rating Collateralised Loan Obligations 
Press Release CLO Thematic Report
EU CLO credit ratings – an overview of Credit Rating Agencies practices and challenges
EUPARLPotentially negative effects of internet use


Germany

BaFinCorona-Krise treibt Verbraucher in Aktieninvestments
BaFin passt Rahmenbedingungen in der Krise an
Schutz 
„Blinder Leichtsinn? Nein!“
BBKSchwacher Nettoabsatz am deutschen Rentenmarkt im März 2020
Die deutsche Zahlungsbilanz im März 2020


United States of America

CFPBConsumer Financial Protection Bureau Outlines Responsibilities of Financial Firms During Pandemic
CFTC20-17 DMO, DCO, and DSIO issue this advisory to remind DCMs, FCMs, and DCOs that they are expected to prepare for the possibility that certain contracts may continue to experience extreme market volatility, low liquidity and possibly negative pricing.
DOJEngineer Charged in Texas with COVID-Relief Fraud
FinCenPrepared Remarks of FinCEN Director Kenneth A. Blanco, delivered at the Concensus Blockchain Conference
Director Blanco Addresses Consensus Blockchain Conference
FRBCurrent Economic Issues
SECCOVID-19 Market Monitoring Group — Update and Current Efforts
No-Action Letter - FINRA


Hong KongJapan

HKMACommon Assessment Framework on Green and Sustainable Banking


IndiaJapan

SEBISEBI Chairman had conference call with FICCI today


SingaporeJapan

MASNew S$6 Million Grant Scheme to Support Singapore FinTech Firms


South KoreaJapan

FSCReporting Deadline Extended for Financial Companies' Overseas Branches


TaiwanJapan

FSCFSC announces related measures for the shareholders to enter the venue of a public company’s shareholder’s meeting and supervises the Taiwan Depository and Clearing Corporation to amend the “Guidelines for Holding of Shareholder Meetings During Epidemic C
FSC responds to COVID-19 by adopting temporary measures regarding real estate investments by insurers
FSC announces measures to respond to COVID-19 pandemic and mitigate impact of global financial volatility on domestic securities markets


AustraliaJapan

ASIC20-115MR ASIC secures over $160 million in remediation for junk consumer credit insurance
InFocus May 2020 - Volume 29 Issue 4
20-113MR ASIC to further extend financial reporting deadlines for listed and unlisted entities and amends ‘no action’ position for AGMs


New ZealandJapan

FMACampaign to raise scam awareness among Pacific communities as reports rise
RBNZMonetary Policy Statement May 2020
Large Scale Asset Purchases expanded


Global / InternationalJapan

OECDFT Global Boardroom


Note: Key Updates as of 8:00am Thursday 14th May 2020