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News & Articles
FCA Market Watch 84 – Key Takeaways for Firms
The FCA’s latest Market Watch 84 reviews how firms have adapted one year after the UK EMIR Refit came into force. While the regulator notes broad progress in transitioning to the updated reporting regime, it highlights ongoing gaps in data quality, governance, and oversight, particularly around reliance on third-party reporting providers and the … [Read more...] about FCA Market Watch 84 – Key Takeaways for Firms
Finance Magnates article: EU reporting rules, an unnecessary duplication and burden for firms, ESMA consulted to streamline rules
Reporting obligations under EMIR, MiFIR, and SFTR have become increasingly complex and costly, often requiring the same trade to be submitted multiple times through different formats and channels, burdening especially small firms and occasional traders. ESMA’s June 2025 consultation aims to address these inefficiencies and simplify financial … [Read more...] about Finance Magnates article: EU reporting rules, an unnecessary duplication and burden for firms, ESMA consulted to streamline rules
European Commission adopts delegated regulation requiring a review of countries that may pose a threat to the EU financial system
On 8 July 2025, the European Commission adopted a Delegated Regulation that introduces a review clause requiring an independent assessment of countries that may pose a threat to the EU financial system. The regulation is set to enter into force on 10 September 2025, twenty days after its publication in the Official Journal of the European Union on … [Read more...] about European Commission adopts delegated regulation requiring a review of countries that may pose a threat to the EU financial system
ESMA updates guidelines on cloud outsourcing in line with DORA
On 11 July 2025, the European Securities and Markets Authority (ESMA) published its Final Report updating the Guidelines on outsourcing to cloud service providers (CSPs), to align with the Digital Operational Resilience Act (DORA), which came into effect on 17 January 2025. The Impact of DORA on Cloud Outsourcing The previous 2020 guidelines … [Read more...] about ESMA updates guidelines on cloud outsourcing in line with DORA