Butterworths Securities and Financial Services Law Handbook, 25th Edition

Presented across two volumes, this annual handbook brings together the primary, secondary and European legislation which forms the regulatory framework for the financial services industry. To complete this comprehensive work, lists or tables of all amending enactments are included at the beginning of each Act, statutory instrument and European Directive and Regulation.

What's New:

The new edition contains the following new material:

• Five sets of CRs mage to bring into force FSMA 2023
• A substantial number of new financial services statutory instruments since the last edition went to print. The main ones (apart from the FSMA 2023 Commencement Regulations) are: Financial Services and Markets Act 2000 (Exemptions from Financial Promotion General Requirement) Regulations 2023; Financial Services Act 2021 (Commencement No 5) Regulations 2023; Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023; Securitisation Regulations 2024; Public Offers and Admissions to Trading Regulations 2024; and Data Reporting Services Regulations 2024

All the following EU legislation:

• 2023/1651/EU Commission Delegated Regulation supplementing Directive (EU) 2019/2034 of the European Parliament and of the Council with regard to regulatory technical standards for the specific liquidity measurement of investment firms under Article 42(6) of that Directive
• 2023/1668/EU Commission Delegated Regulation supplementing Directive (EU) 2019/2034 of the European Parliament and of the Council with regard to regulatory technical standards specifying the measurement of risks or elements of risks not covered or not sufficiently covered by the own funds requirements set out in Parts Three and Four of Regulation (EU) 2019/2033 of the European Parliament and of the Council and the indicative qualitative metrics for the amounts of additional own funds
• 2023/2631/EU Regulation of the European Parliament and of the Council on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds
• 2023/2779/EU Commission Delegated Regulation supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria for the identification of shadow banking entities referred to in Article 394(2) of Regulation (EU) No 575/2013 2023/2859/EU Regulation of the European Parliament and of the Council establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability

It also contains the following amending material:

• SI 2024/301 - The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024
• SI 2024/169 - The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024