Welcome to RegZone

The clearer view on financial services regulation

RegZone provides you with expert analysis and daily news from the fast-changing world of European financial institution regulation.  Created by CMS regulatory lawyers for those working in banking and finance, insurance, funds and asset management and securities and derivatives.  Sign up here for events, news digest and alerts (relevant to your areas of interest).

Visit our RegZone training page where you can view and download RZ "on-demand" training videos to your mobile device.

Latest Reports

  • Frankfurt, Germany

    The Federal Financial Supervisory Authority (BaFin) recently issued an article with respect to BaFin´s own understanding on “Automated Investment Advice in Supervisory Practice" BaFin outlines its understanding of licensing requirements for investment advice rendered on robo advisory platforms The provision of investment advice is generally deemed as being the provision ...

  • Pile of coins & notes

    The Romanian Financial Supervisory Authority (“FSA”) recently announced a 50% reduction of the regulatory tax on the income of insurance brokers in Romania. As such, from 1 October 2017, insurance brokers will pay a monthly tax of 0.1% of their gross income. According to the FSA, this decision follows the ...

  • Rolled up notes

    Time is running out for those investment firms wishing to pass on the costs of investment research to UK authorised funds (UCITS, NURS, QIS) when the Second Markets in Financial Instruments Directive (“MiFiD II”) comes into force on 3 January 2018. If the costs of research are to be passed ...

  • Chart point

    For asset managers including managers of Alternative Investment Funds ("AIFs") the Base Erosion and Profit Shifting project ("BEPS") is a particular issue. Many outcomes will likely affect this industry, but those regarding permanent establishments ("PE"), tax treaty shopping and transfer pricing deserve immediate attention. Why now? The Multilateral Instrument ("MLI"), ...

  • CMS UK held a seminar on 4 September on 'Individual responsibility - extending SMCR to the entire industry', led by Simon Morris and Alison McHaffie.

    The seminar covered:

    1. What’s going on?
    2. What will it look like?
    3. The implementation project
    4. Senior managers
    5. Certified & other staff – and what fit and proper means
    6. The rules – and what they mean

    The seminar slides are available to view/download via the link in the title.

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Upcoming events

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RegZone Toolkit

New to RegZone are customised research tools, designed by CMS lawyers, allowing you to search RegZone databases for quick queries and detailed analysis on regulatory reform, regulators and other agencies, timelines, jargon and more.

Mobile users can download ‘App’- style icons for easy access.

Future Dates

* Estimated date

  • *Summer 2017

    It is expected that ESMA will publish thematic reviews regarding supervisory convergence and Capital Markets Union during this period.

  • 2 October 2017

    Deadline for responses to FCA's consultation (CP17/28) on the Financial Advice Market Review implementation part 2 and insistent clients.

  • 16 October 2017

    Deadline for responses to IOSCO's consultation paper on regulatory reporting and public transparency in the secondary bond markets.

News Wizard

  • 22/09/2017

    EC: EU-US agreement on insurance and reinsurance

    EC: EU-US agreement on insurance and reinsurance
    News Date:
    22/09/2017
    News Text:
    The EU and the US have published a statement on a landmark bilateral agreement on insurance and reinsurance. It is noted that the agreement will facilitate the exchange of information between EU and US supervisors and will mean that EU insurers and reinsurers will have to prepare only one risk and solvency assessment (ORSA) in l...
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  • 22/09/2017

    EBA/EIOPA/ESMA: Autumn 2017 Report on risks and vulnerabilities in the EU’s financial system

    EBA/EIOPA/ESMA: Autumn 2017 Report on risks and vulnerabilities in the EU’s financial system
    News Date:
    22/09/2017
    News Text:
    The ESAs have published the latest version of its report, highlighting the risks to the stability of the European financial sector. Specific issues cited include Brexit and fintech.
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  • 22/09/2017

    EBA/EIOPA/ESMA: Guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes

    EBA/EIOPA/ESMA: Guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes
    News Date:
    22/09/2017
    News Text:
    The ESAs have published these guidelines as part of their work on fostering a consistent approach to AML/CFT and cover the measures payment service providers should take to detect missing or incomplete information on the payer or the payee, and the procedures they should put in place to manage a transfer of funds lacking the req...
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  • 22/09/2017

    CMA: Merger

    CMA: Merger
    News Date:
    22/09/2017
    News Text:
    CMA has cleared the acquisition by Cardtronics of DirectCash Payments, following an in-depth investigation.
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  • 22/09/2017

    FCA: Institutional Disclosure Working Group

    FCA: Institutional Disclosure Working Group
    News Date:
    22/09/2017
    News Text:
    As part of work stemming from FCA's asset management market study, the regulator has initiated this stakeholder working group with an independent chairman. The objective of the IDWG is to gain agreement on disclosure templates for asset management services provided to institutional investors. ToR and a note of a meeting held on...
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