Turkey – FinConf News

The European Supervisory Authorities (ESAs) have opened today a call for evidence regarding the PRIIPs (Packaged retail and insurance-based investment products) Regulation. [...]

EBA publishes clarifications to the seventh set of issues raised by its industry working group on Application Programming Interfaces under the Payment Services Directive (PSD2)

20 October 2021

The European Banking Authority (EBA) published today clarifications to a seventh set of issues that had been raised by participants of its working group on Application Programming Interfaces (APIs) under the Payment Services Directive (PSD2). The clarifications respond to issues raised on downtime of dedicated interfaces, payment status/rejection reasons, ASPSPs restricting access in case of embedded redirection, scope of the bank offered consent, inability to initiate bulk payments via APIs and whether the Electronic Banking Internet Communication Standard (EBICS) is within the scope of PSD2. [...]

EBA publishes final draft regulatory technical standards on disclosure of investment policy by investment firms

19 October 2021

The European Banking Authority (EBA) published today new regulatory technical standards (RTS) on disclosure of investment policy by investment firms. The final draft RTS put forward comparable disclosures that should help stakeholders understand investment firms’ influence over the companies in which they hold voting rights and the impact of investment firms’ policies on aspects such as the governance or management of those companies. [...]

EBA updates version 5.1 of its filing rules for supervisory reporting

19 October 2021

The European Banking Authority (EBA) published today an updated version of its 5.1 filing rules document for supervisory reporting. In particular, the update modifies rule 1.6 to simplify the use of the filing indicator by removing the option “empty filing” indicator. This updated rule must be followed for all the submissions and resubmissions as of 1 January 2023. In addition, the update modifies rule 3.6 to improve Consolidated/Individual information circulation and to allow for multiple consolidation levels for an entity. CON/IND is being moved from module name to reporting subjects. This change will apply as of 31 December 2022. [...]

European Supervisory Authorities publish sectoral reports on the supervisory independence of competent authorities

18 October 2021

The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA – published today their individual reports on the supervisory independence of competent authorities (CAs) in their sectors. Based on the CAs’ self-assessment, the three reports highlight that the independence of NCAs is multi-faceted and dependent on a number of legal, institutional, operational and cultural factors. [...]