1.3 Wed 30/09/2020 - 12:00 Reference texts Articles 318-44, 321-77, 321-81 and 323-39 of the General Regulation Articles 47, 48 and 92 of Delegated Regulation (EU) 231/2013 of the European Parliament and of the Council of 19 December 2012 …

In this blog, Governor Gabriel Makhlouf writes about the development of the Digital Euro and how central banks foster trust and safety in the financial system and in the implementation of projects like the Digital Euro.

The Federal Financial Supervisory Authority BaFin warns against offers on the website e-sec-crypto(.)io. According to information available to BaFin, the trading platform RecoverX, allegedly based in Düsseldorf, is providing financial and crypto asset services without the required authorisation. The services are not offered by E-SEC GmbH. This is a case of identity theft. RecoverX is not supervised by BaFin.

The European Banking Authority (EBA) today launched a public consultation on draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) concerning material acquisitions, material transfers of assets or liabilities, and mergers and divisions involving credit institutions or (mixed) financial holding companies under the Capital Requirements Directive (CRD). The standards are designed to support banking consolidation and deepen EU market integration by clarifying supervisory expectations, reducing regulatory uncertainty and ensuring consistent prudential assessment across the EU. The consultation runs until 5 March 2026.

The FCA has launched a consultation on proposals to reduce the administrative fee for overdue or late regulatory returns from £250 to £100. The changes aim to make it fairer and more proportionate, particularly for smaller firms and those with limited resources.Since the fee was introduced, we’ve made major changes to processes, including how fees are paid, as well as launching My FCA earlier this year. This has resulted in an increased compliance rate amongst firms and reflects the positive impact of our continuous improvements. My FCA has now been used by 80% of firms.Under our new proposals, we’re proposing to provide clearer guidance and improved notifications, helping firms understand the process and avoid unnecessary admin fees.We’re also proposing to remove 3 more data collections for insurance firms that are no longer needed.The consultation reflects our ongoing commitment on continuously improving regulatory processes. Our proposals demonstrate a smarter approach to regulation by streamlining compliance and reducing firm burdens.For more information and to respond to the consultation, please review theDecember 2025 QCP chapter on Late Fee Reduction.

ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017Trading in the financial instruments of Wereldhave Belgium, ISIN BE0003724383, on Euronext Brussels will re-open on 03/12/2025 at 14:00 CET.

ICMA is deeply saddened to learn of the passing of Hans-Joerg Rudloff, who served as Chairman of the International Capital Market Association from June 2005 to May 2011. A defining figure in the development of the international capital markets, he was widely regarded as one of the founding fathers of the Eurobond market and a central architect of its modern form.Mr Rudloff’s contribution to global finance spanned nearly five decades. His career began at Credit Suisse in Geneva in 1965, followed by more than a decade at Kidder Peabody in New York. He returned to Credit Suisse in 1980, a period in which the Eurobond market expanded rapidly, multiplying tenfold over the decade and reshaping international funding practices.As ICMA Chairman, Mr Rudloff guided the Association through a period of exceptional change. His tenure encompassed the global financial crisis, a time that demanded clarity of purpose and firm stewardship. Under his leadership, ICMA divested its commercial operations and refocused its mission on strengthening market standards, improving efficiency in cross-border securities markets, and reinforcing the importance of sound practices across primary, secondary, and repo markets. His influence helped set the direction for the modern ICMA: a public-interest body committed to resilient, well-functioning international capital markets.Even after stepping down from ICMA in 2011 and retiring from investment banking in 2014, Mr Rudloff remained active in the industry. His impact on market structure, on generations of practitioners, and on ICMA’s evolution will be long-lasting.ICMA extends its condolences to his family, friends, and former colleagues. We honour his leadership, his vision for the international capital markets, and his significant contribution to the Association’s history.

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the websites trodu(.)co and trodu(.)vip, which are nearly identical. According to information available to BaFin, this website is being used to offer financial, investment and cryptoasset services without the required authorisation.

The Board of Directors of the Swiss Financial Market Supervisory Authority FINMA has extended Beat Fellmann’s term of office by one year until the end of 2026.

November 24, Chicago – NFA has ordered Rimar Capital Limited Partnership (Rimar LP), a former NFA Member commodity pool operator located in Netanya, Israel, not to reapply for NFA membership or act as a principal of an NFA Member at any time in the future. NFA also ordered Ryan Philip Gordon, a prior associated person and principal of Rimar LP and former NFA Associate, not to reapply for NFA membership or act as a principal of an NFA Member for two years and to pay a $75,000 fine if he seeks NFA membership or principal status following the two-year period.