Financial regulatory developments (FReD): Commission asks ESMA for MAR advice, EBA for MiFID 2 advice; FCA holds general insurance conference; and more
Council of the European Union extends Syrian sanctions
The Council has extended economic sanctions against the Syrian regime until 1 June 2015.
European Commission adopts own funds regulation extension
Regulation on the extension of transitional periods relating to own funds requirements for exposures to central counterparties for the purposes of the Capital Requirements Regulation. The original 15-month transitional period is now extended by an additional six months.
European Commission looks at financial crime sanctions
The Commission has published a study looking at criminal sanctions in Member States for various crimes including money laundering. It now recommends the EU introduces common minimum rules on the definition of criminal offences and on the sanctions applicable to them…
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