July 1, 2020 | 3 minutes read

Deloitte | COVID-19 | Global Regulatory Intelligence Bulletin | Wednesday 1st July 2020

Chris Brown

Senior Manager

Director

Partner

Senior Manager

Director

Partner

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.

Wednesday 1st July 2020

United Kingdom

BOE	The second quarter - speech by Andy Haldane
PRA	Statement by the PRA on the Capital Requirements Regulation (CRR) ‘Quick Fix’ package
FCA	Approved Persons Regime (APR) and coronavirus: our expectations
	Identifying and managing access to cash during Covid-19
	Extension of the Senior Managers & Certification Regime (SM&CR) implementation periods for solo-regulated firms
HMT	More firms can now benefit from the Future Fund
UK Finance	Over one million UK businesses supported under Covid-19 lending schemes
UK Finance	Our commitment to tackling racism and inequality

European Union

AFME	Traders call for an end to outdated market hours in Europe
EC	State aid: Commission approves €30 billion French subordinated loan scheme to support companies affected by the coronavirus outbreak

France

AMAFI	Communiqué de Presse : Rapport AMAFI Union des marchés de capitaux
	Union des marchés de capitaux - Rapport AMAFI
	Capital MArkets Union: AMAFI's Report
AMF	L'AMF reporte la date d’effet du retrait d’agrément de la société de gestion de portefeuille « Nestadio Capital »

Italy

BDI

Decisions taken by the Governing Council of the ECB: June 2020

Spain

BDE

Annual Report. Annual Report 2019

United States of America

DOJ	Seattle Doctor Charged with COVID Relief Fraud
DOT	Financial Action Task Force (FATF) Advances Its Work on Virtual Assets, Proliferation Financing, COVID-19, and Illegal Wildlife Trafficking
FDIC	Credit Risk Retention–Notification of Commencement of Review; Extension of Review Period 12 CFR Part 373 RIN 3064–ZA07 Notification of commencement of review; extension of review period Extended Review Period End: June 20, 2021
FRB	Coronavirus and CARES Act
NYDFS	Department of Financial Services Alerts Regulated Banking Institutions of New Responsibilities Under New York State’s Community Reinvestment Act
NYDFS	Examination Report - Tri-State Consumer Insurance Company

India

RBI	Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2019-20
	RBI launches the July 2020 round of the Inflation Expectations Survey of Households
	RBI launches the July 2020 round of Consumer Confidence Survey
SEBI	Adjudication order In the matter of OCL India Limited
	Relaxation in timelines for compliance with regulatory requirements
	Adjudication Order in respect of 7 entities in the matter of Adel Landmarks Ltd.,

Japan

FSA

FSA publishes English translation of monthly magazine, Access FSA No.202

Philippines

BSP	Philippines' International Investment Position Registers a Lower Net External Liability Position as of end-March 2020 from the Previous Quarter
SECP	SEC ENCOURAGES SOCIAL BONDS TO SUPPORT RECOVERY FROM COVID-19 PANDEMIC

South Korea

FSC

Vice Chairman Discusses Importance of Banks' Capital Buffers to Support Real Economy

Thailand

BOT

Press Release on the Economic and Monetary Conditions for May 2020

Australia

APRA	Updated MySuper Heatmap shows fee reductions for millions of members
ASIC	ASIC Corporate Insolvency Update - Issue 16
OAIC	Privacy obligations regarding COVIDSafe and COVID app data

New Zealand

FMA

FMA publishes NZX Obligations annual review

Global / International

BIS	In the face of an unexpected adversary: the crucial role for central banks
	Central banks a stabilising force in response to unprecedented crisis
	Central banks and the new world of payments
	The prudential response to the Covid-19 crisis
FATF	Jurisdictions under Increased Monitoring – 30 June 2020
	High-Risk Jurisdictions subject to a Call for Action – 30 June 2020
	Outcomes FATF Virtual Plenary, 24 June 2020
	Xiangmin Liu's End of Presidency Statement
ISDA	New Survey on Derivatives Market Liquidity and COVID-19
OECD	International community continues making progress against offshore tax evasion

Note: Key Updates as of 8:00am Wednesday 1st July 2020

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