The trial focused on the application of ‘Dicey Rule 3’ which states that English courts have no jurisdiction enforce a penal, revenue or other public law of a foreign state
In October 2020, SEC staff raised concerns that several broker-dealers were not fulfilling their obligations under Rule 15c3-3 by retaining control over the collateral used to secure borrowings of fully paid and excess margin securities
Despite a year of SFTR reporting, the European regulator’s data quality report is sparse on detail but ESMA says it’s on the case and will build out its findings next year
The European regulator says national supervisory authorities should turn a blind eye to empty LEI fields until October next year on the same day the original 12-month grace period expires
The report and complementary guidance notes for TRs formalises previously communicated updates to the requirements for the scope, frequency and format the information to be shared with stakeholders and regulators under SFTR and EMIR
The new treasury secretary’s decision to look at the way hedge funds act as stressors on the markets may be a sign of incoming increased scrutiny under the Biden administration
Despite the FCA’s tough talk, FOIs by SFT and Rahman Ravelli show the agency has not opened new investigations into any organisations for more than a year, and only two into individuals since 2019
The association is pushing for the EC to review the current CSDR SDR in line with stakeholder comments to ensure that SDR is also implemented as one legislation
