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COVID-19: Regulatory updates

08 July 2020

United Kingdom
8 July: The role of investment managers in the post Covid-19 recovery. Read here 
3 July: FCA announces proposals to further support motor finance and high cost credit customers. Read here. Read here
16 June: FCA -  A financial system to support the recovery. Read here
21 May: Coronavirus (Covid-19): delayed activities and regulatory change – Update. Read here
14 May: Coronavirus and customers in temporary financial difficulty: guidance for insurance and premium finance firms. Read here
07 April: FCA sets out priorities for 2020/2. Read here
06 April: FCA expectations regarding funds in light of coronavirus Read here
03 April: Joint FCA and PRA statement Senior Managers and Certification Regime (SM&CR) and coronavirus (Covid-19): our expectations of dual-regulated firms. Read here
02 April: FCA proposes temporary financial relief for customers impacted by coronavirus Read here
02 April: Bank of England: Covid-19 regulatory reporting and disclosure amendments Read here
01 April: FCA Covid-19: savers stay calm and don't rush financial decisions Read here
31 March: FCA Letter to firms providing services to retail investors about coronavirus. Read here
26 March: FCA’s expectations on financial resilience for FCA solo-regulated firms Read here
26 March: FCA Statement of Policy: Delaying annual company accounts during the coronavirus crisis Read here
26 March: FCA: Avoid coronavirus scams Read here
23 March: FCA Statement on UK markets. Read here
21 March: FCA requests a delay to the forthcoming announcement of preliminary financial accounts. Read here.
Luxembourg
19June: Measures requested by the CSSF in the light of the return to working on-site. Read here
19 June: CSSF FAQ update. Read here
5 June: ESRB COVID-19 Related Policy Actions: Implications for Investment Funds. Read here
13 May: Launch of the IFM notification on fund issues and large redemptions via eDesk. Read here
13 May: CSSF FAQ update. Read here
01 April: CSSF Q&A. Read here
26 March: CSSF Complaint handling procedure. Read here
25 March: CSSF Long form reports. Read here
25 March: Luxembourg government announces measures to stabilise the economy (FR). Read here
23 March: CSSF Regulatory Reporting. Read here
22 March: CSSF Coronavirus (covid-19): immediate review of current organisational setups. Read here. 
20 March: CSSF Update of the FaQ on the swing pricing mechanism. Read here
17 March: Luxembourg government takes measures to support taxpayers (FR).  Read here
17 March: CSSF extends deadline for AML/CFT survey. Read here.
France
2 July 2020: L'AMF a publié sa cartographie 2020 qui dresse un panorama des tendances et vulnérabilités en pleine crise COVID-19. Read here
20 May: As the decisive moment of the half-year accounts approaches, the AMF underlines some principles to respect. Read here
18 May: The AMF suspends the ban on the creation or increase of net short positions. Read here.
16 April: AMF Retrouvez ici l’ensemble de nos publications en lien avec le Covid-19 (FR). Read here
14 April: L’AMF annonce la prolongation de l’interdiction des positions courtes nettes jusqu’au 18 mai 2020 (FR). Read here
31 March: Continuité des activités de gestion en période de Coronavirus – L’AMF accompagne les acteurs. Read here
27 March: The AMF and the ACPR warn the public of the risks of scams in the context of the coronavirus epidemic. Read here
19 March: Market activities continuity during the coronavirus pandemic– the AMF states its expectations. Read here
18 March: Ban of net short positions: Frequently asked questions. Read here
17 March: The AMF announces a ban on short positions for a period of 1 month. Read here
Ireland
6 July: CBI Coronavirus dedicated page. Read here
17 June. CBI - Risks, Resilience and Policy Responses to COVID-19 - Deputy Governor Sharon Donnery. Read here
CBI: Financial Stability Review 2020 I. Read here
18 May: CBI - COVID-19 - Consumer FAQ. Read here.
16 April: CBI - Securities Markets, Investment Management, Investment Firms and Fund Service Providers. Read here
2 April: Central Bank of Ireland – Consumer Hub. Read here
31 March: Central Bank of Ireland Statement: Essential Services. Read here
27 March: Central Bank of Ireland sets out Expectations of Insurers in Light of COVID-19 Emergency. Read here
19 March: Central Bank of Ireland - Focused on protecting consumers and supporting individuals and firms in financial difficulty. Read here
18 March: Central Bank of Ireland announces measures to support the economy. Read here
Irish Department of Business, Enterprise and Innovation - Business Continuity Planning, Checklist of preparatory actions in responding to COVID-19. Read here
Irish Department of Business, Enterprise and Innovation - Government supports for COVID-19 impacted businesses. Read here
United States
7 July: Post-Crisis Reforms and the Too-Big-to-Fail Question. Read here
30 June: Coronavirus and CARES Act. Read here
23 June: Federal and state regulatory agencies issue examiner guidance for assessing safety and soundness considering the effect of the COVID-19 pandemic on financial institution. Read here
20 May: Federal agencies share principles for offering responsible small-dollar loans. Read here.
6 April: FED Small Business Administration (SBA) and Treasury Small Business Loan Programs. Read here
31 March: FED announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets. Read here
24 March: Federal Reserve provides additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus. Read here
23 March: Federal Reserve announces extensive new measures to support the economy. Read here
Securities and Exchange Commission – COVID-19 Response. Read here
European Union
7 July: EBA provides clarity on the implementation of the prudential framework in the context of COVID-19. Read here 
12 June: The European Securities and Markets Authority (ESMA), together with National Competent Authorities (NCAs), is closely monitoring the situation in view of the continuing impact of the COVID-19 outbreak on financial markets in the European Union (EU). Read here
11 June: ESMA PUBLISHES STATEMENT ON MIFIR OPEN ACCESS AND COVID-19. Read here
9 June: ESMA EXTENDS DEADLINE FOR RESPONSES TO CONSULTATION ON EMIR REFIT. Read here
27 May: RECOMMENDATION OF THE EUROPEAN SYSTEMIC RISK BOARD of 27 May 2020 on monitoring the financial stability implications of debt moratoria, and public guarantee schemes and other measures of a fiscal nature taken to protect the real economy in response to the COVID-19 pandemic. Read here.
18 May: ESMA – Non-renewal and termination of short selling bans by AUSTRIAN FMA, BELGIAN FSMA, FRENCH AMF, GREEK HCMC, ITALIAN CONSOB AND SPANISH CNMV. Read here
14 May: ESRB The General Board of the European Systemic Risk Board takes first set of actions to address the coronavirus emergency at its extraordinary meeting on 6 May 2020. Read here
08 May: ESMA - MIFID II: ESMA ISSUES LATEST DOUBLE VOLUME CAP DATA. Read here
17 April: ESMA issues new Q&A on alternative performance measures in the context of covid-19 Read here
15 April: ECB supports macroprudential policy actions taken in response to coronavirus outbreak Read here
15 April: ESMA issues positive opinions on short selling bans Read here
 14 April: EBA: EU banks sail through the Corona crisis with sound capital ratios. Read here
09 April: ESMA sets out supervisory expectations on publication of investment funds periodic reports. Read here
09 April: ESMA postpones publication dates for annual non-equity transparency calculations and quarterly si data. Read here
02 April: ESMA updates its risk assessment in light of the Covid-19 pandemic. Read here
02 April: ECB extends review of its monetary policy strategy until mid-2021 Read here
31 March: EBA provides additional clarity on measures to mitigate the impact of COVID-19 on the EU banking sector.  Read here
31 March: ESMA provides clarifications for best execution reports under MiFID II. Read here
31 March: ESMA announces update to reporting under the money market funds regulation. Read here
31 March: EBA statement on supervisory reporting and Pillar 3 disclosures in light of COVID-19. Red here
31 March: EBA statement on actions to mitigate financial crime risks in the COVID-19 pandemic. Read here
26 March: ESMA clarifies position on SFTR backloading. Read here
25 March: EBA provides clarity to banks and consumers on the application of the prudential framework in light of COVID-19 measures. Read here
25 March: ESMA issues guidance on accounting implications of COVID-19. Read here
20 March: ESMA extends consultation response dates. Read here
20 March: ESMA COVID-19: Clarification of issues related to the application of MiFID II requirements on the recording of telephone conversations. Read here
19 March: ESMA sets out approach to SFTR implementation. Read here
18 March: ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP). Read here

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