EMIR Refit Regulation: (Re)fit for purpose?

The EMIR Refit Regulation was published in the EU Official Journal on 28 May 2019. It is intended to amend EMIR to simplify certain requirements and reduce costs and burdens on corporates including amending clearing thresholds, reporting obligations and counterparty classification. The legislation will enter into force on 17 June 2019. While various aspects of EMIR Refit have phase-in periods, other elements of EMIR Refit will come into effect immediately. Clients are advised to act quickly to consider whether their obligations under EMIR have changed.

Our briefing (which can be found here) provides a summary of the key changes to clearing and reporting obligations under the new Regulation.

Nick May
Nick May
Partner, London
+44 20 7466 2617
Clive Cunningham
Clive Cunningham
Partner, London
+44 20 7466 2278
Katherine Dillon
Katherine Dillon
Of Counsel, London
+44 20 7466 2522

Stock Connect Northbound Investor ID Model set to launch on 17 September 2018

Late last month, the Securities and Futures Commission (SFC) announced that agreement had been reached with the China Securities Regulatory Commission (CSRC) to implement the investor identification model for Stock Connect Northbound trading (NB Investor ID Model) on 17 September 2018. This will apply to Northbound trading under both the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect. Continue reading

CHINA’S NEW LIBERALISATION POLICIES FOR THE FINANCIAL SECTOR

China is advancing its policies to open up its markets and attract more foreign investment. This year, the financial sector is one of the focus areas for liberalisation. On 11 April 2018, Yi Gang, the governor of People’s Bank of China announced a detailed timetable (Timetable) for certain liberalisation policies in respect of the financial sector. In this e-bulletin, we summarise the key aspects of the Timetable and some of the other related regulations which have been issued recently. Please click here to read our full briefing.

Karen Ip
Karen Ip
Partner, Beijing
+86 10 6535 5135
Nanda Lau
Nanda Lau
Partner, Shanghai
+86 21 2322 2117
Tianchan Li
Tianchan Li
Associate, Shanghai
+86 21 2322 2155

William Hallatt
William Hallatt
Partner, Head of Financial Services Regulatory, Hong Kong
+852 2101 4036
Hannah Cassidy
Hannah Cassidy
Partner, Hong Kong
+852 2101 4133