Monthly Archives: November 2019

Ireland – GVT Securities Market, Brexit

On 26 November 2019, IRE GVT announced bill currently at third stage in Dáil Éireann. Overview Draft law to be adopted in the context of Brexit upon which Irish market will no longer be able to access current UK settlement system (CREST) and will require new regime. Irish market selected Euroclear Bank as its preferred…
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France – AMF UCITS, AIFs Policy Update

On 26 November 2019, AMF updated policies to cover fund developments. Announced updated policies re collective investment undertakings (CIUs) in order to integrate recent national and European legislative and regulatory developments. Updated Documents Instruction DOC-2011-19 authorisation procedures, preparation of a KIID and a prospectus and periodic reporting for French and foreign UCITS marketed in France.…
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U.K. – FCA Transition Power Brexit

On 22 November 2019, UK FCA issued the final handbook notice 71 on FOS jurisdiction. Exiting the EU: Dispute Resolution: Complaints (Amendments) Instrument 2019 As this involved an administrative change, FOS did not consult on the proposed change to the FCA handbook section listed, as follows: DISP 2.5 and 2 Annex 1G. In summary, this…
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Canada – TMX Position Limit Revisions

On 21 November 2019, C-TMX proposed amendments to position limit rules. Revise methodology in setting position limits for products and its approach to applying. Amendments tackle violations like market abuse, manipulation and deceptive trading. Amendments Introduce provisions that apply to new products or the revitalization of existing ones. Centralize the position limits of all products…
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