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ICAS
May Newsletter - Issue 70/2020
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CySEC
ESMA Guidelines (ESMA70-151-2906) on standardised procedures and
messaging protocols under Article 6(2) of Regulation (EU) No 909/2014
on improving securities settlement in the European Union and on
central securities depositories 
21 May 2020
The Cyprus Securities and Exchange Commission ("CySEC") wishes to inform the CIFs that the European Securities and Markets Authority ("ESMA") has published on 6 April 2020, the Guidelines on standardised procedures and messaging protocols ("the Guidelines") under Article 6(2) of Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories ("the Regulation").
Circular: C387
Announcements
EBA
Publishes Report on interlinkages between recovery and resolution planning
20 May 2020
The European Banking Authority ("EBA") publishes a Report, which assesses interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive ("BRRD"), with the aim of enhancing synergies between the two phases and ensuring consistency in their potential implementation. For more information please press 
here.
ESMA
Non-Renewal and termination of short selling bans by Austrian FMA, Belgian FSMA, French AMF, Greek HCMC, Italian CONSOB and Spanish CNMV
18 May 2020
The ESMA, the EU’s securities markets regulator, notes the non-renewal of the emergency restrictions on short selling and similar transactions by the following national competent authorities ("NCAs"): Finanzmarktaufsicht ("FMA") of Austria; Financial Securities and Markets Authority ("FSMA") of Belgium; Autorité des Marchés Financiers ("AMF") of France; Hellenic Capital Market Commission ("HCMC") of Greece; and Comisión Nacional del Mercado de Valores ("CNMV") of Spain. For more information please press 
here.
Other Alerts
ESMA
Calls for transparency on COVID-19 effects in half-yearly financial reports
20 May 2020
The ESMA, the EU Securities Markets regulator, publishes a Public Statement addressing the implications of the COVID-19 pandemic on the half-yearly financial reports of listed issuers. For more information please press 
here.
Market News
Bloomberg
In Asia virus epicentre, drugs and consumer are top stocks bets
22 May 2020
"The doom and gloom in the wake of the coronavirus pandemic is burnishing the stock appeal of Indian drugmakers and those that are tied to consumer wallets. The stockpiling of medicine in a country of 1.3 billion people and the rising focus on affordable health care globally will boost the shares of the nation’s pharmaceutical companies, while the government’s support programs for rural India and the pent-up demand due to the lockdown is positive for makers of consumer goods, according to fund managers at Max Life Insurance Co., Star Health and Allied Insurance Co. and BNP Paribas Asset Management India." For more information please press 
here.
Reuters
Beijing may base security agencies in Hong Kong as part of new laws
22 May 2020
"A proposal to impose national security laws in Hong Kong could see mainland intelligence agencies set up bases in the global financial hub, raising fears of direct enforcement by Chinese authorities in the city and the prospect of fresh protests." For more information please press 
here.
Financial Times
Italy raises record €22bn in bond sale as sentiment brightens
21 May 2020
"Deal is sign ECB stimulus and Franco-German recovery fund plan have bolstered confidence." For more information please press 
here.
Bloomberg Professional
Aramco is first oil major to regain pre-price-war share price
21 May 2020
"Saudi Aramco is the first major global oil producer to see its stock recover to the level it traded at before the price war between Russia and Saudi Arabia. Aramco climbed 3.1% in Riyadh on Tuesday, advancing for a record sixth day alongside an extended increase in the price of crude. The stock has gained each session since the company announced it would retain dividend payouts, despite a drop in first-quarter profit." For more information please press 
here.
Cryptocurrencies
Bloomberg
Crypto faithful flip out on speculation Satoshi sold Bitcoin
20 May 2020
"Crypto Twitter was ablaze Wednesday after the sale of some Bitcoin was reportedly linked to the account of the token’s mystery founder. The price of the largest digital token plummeted on speculation its anonymous creator, who goes by the pseudonym Satoshi Nakamoto, was moving coins mined in early 2009, an act perceived by some as a near-sacrilegious offense." For more information please press 
here.
Regulatory Reporting Solutions
Treppides Regulatory Reporting offers extensive reporting solutions under EMIR, MIFID, CRD IV, FATCA, CRS, REMIT towards MiFID II / MiFIR and CRS in all EU/ESMA jurisdictions like Cyprus (CySEC) and UK (FCA) and soon will also comply with foreign jurisdictions such as ASIC DTR. 

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