Regulatory overview
Discover the latest regulatory news with SGSS' experts.
At the request of the management company Ofi Invest AM and the insurer Generali France, Societe Generale participated, from April to November 2024, in the projects led by the Banque de France and the European Central Bank (ECB) concerning the use of a wholesale Central Bank Digital Currency (wCBDC), i.e. “exploratory” euro cash tokens, for the settlement of financial transactions involving tokenised securities (security tokens). Read more
Alain Rocher, Head of Knowledge Management, SGSS
On 10 December 2024, the Council of Europe adopted a directive with new rules for withholding tax procedures (FASTER). Read more
Paola Deantoni, Public Affairs Officer, SGSS
Analysis of key regulatory initiatives
Discover a general overview of the key regulatory initiatives.
Community and International news
Display allInternational and European news
ESAP: Final report of ESAs with 2 draft implementing acts
The European Authorities (ESAs) published on 29/10/2024 two draft implementing acts related to the European Single...
The European Authorities (ESAs) published on 29/10/2024 two draft implementing acts related to the European Single...
International and European news
The European Authorities (ESAs) published on 29/10/2024 two draft implementing acts related to the European Single Access Point ESAP platform.
ESAP: Final report of ESAs with 2 draft implementing acts
MICA: publication of delegated regulations on December 3, 2024
Four weeks before the MiCA Regulation comes into force, Commission Implementing Regulation 2024/2984 of November 29,...
Four weeks before the MiCA Regulation comes into force, Commission Implementing Regulation 2024/2984 of November 29,...
International and European news
Four weeks before the MiCA Regulation comes into force, Commission Implementing Regulation 2024/2984 of November 29, 2024
MICA: publication of delegated regulations on December 3, 2024
Listing Act: adoption By the EU Council
The European legislative package known as the Listing Act was adopted by the Council of the European Union (EU) on 8...
The European legislative package known as the Listing Act was adopted by the Council of the European Union (EU) on 8...
International and European news
The European legislative package known as the Listing Act was adopted by the Council of the European Union (EU) on 8 October 2024.
Listing Act: adoption By the EU Council
CSDR: ESMA finalizes its opinion on the sanction mechanism
On 19 November, the European Securities and Markets Authority (ESMA), the EU’s regulator and supervisor of financial...
On 19 November, the European Securities and Markets Authority (ESMA), the EU’s regulator and supervisor of financial...
International and European news
On 19 November, the European Securities and Markets Authority (ESMA), the EU’s regulator and supervisor of financial markets, published its final report on the European Commission’s technical opinion on the sanction mechanism under the Central Securities Depositories Regulation (CSDR).
CSDR: ESMA finalizes its opinion on the sanction mechanism
T+1 in Europe: ESMA recommends a switchover by October 11, 2027
ESMA published the 18 November 2024 their report on the shortening of the settlement cycle in the European Union to T+1....
ESMA published the 18 November 2024 their report on the shortening of the settlement cycle in the European Union to T+1....
International and European news
ESMA published the 18 November 2024 their report on the shortening of the settlement cycle in the European Union to T+1. ESMA recommends 11 October 2027 as the optimal date for the transition to T+1 in the EU, which is the same date that is currently being considered in the UK Accelerated Settlement Taskforce.
T+1 in Europe: ESMA recommends a switchover by October 11, 2027
ECMS: launch of new Eurosystem Collateral Management System on June 16, 2025
On 24 October 2024, the European Central Bank (ECB) published a press release on the Eurosystem Collateral Management...
On 24 October 2024, the European Central Bank (ECB) published a press release on the Eurosystem Collateral Management...
International and European news
On 24 October 2024, the European Central Bank (ECB) published a press release on the Eurosystem Collateral Management System (ECMS) launch on 16 June 2025.
ECMS: launch of new Eurosystem Collateral Management System on June 16, 2025
Guidance on fund names containing ESG or sustainability terms
ESMA guidance on fund names containing terms related to ESG criteria or sustainability shall apply from 21 November...
ESMA guidance on fund names containing terms related to ESG criteria or sustainability shall apply from 21 November...
International and European news
ESMA guidance on fund names containing terms related to ESG criteria or sustainability shall apply from 21 November 2024.
Guidance on fund names containing ESG or sustainability terms
ELTIF: entry into force of the RTS on 26 October 2024
On 25 October 2024, the ELTIF2 RTS were published in the Official Journal of the EU and entered into force on 26 October...
On 25 October 2024, the ELTIF2 RTS were published in the Official Journal of the EU and entered into force on 26 October...
International and European news
On 25 October 2024, the ELTIF2 RTS were published in the Official Journal of the EU and entered into force on 26 October 2024.
ELTIF: entry into force of the RTS on 26 October 2024National news
Display allNational news
US: SEC published its 2025 priorities
On October 21, 2024, the Division of Examinations of the U.S. Securities and Exchange Commission (SEC) released its...
On October 21, 2024, the Division of Examinations of the U.S. Securities and Exchange Commission (SEC) released its...
National news
On October 21, 2024, the Division of Examinations of the U.S. Securities and Exchange Commission (SEC) released its examination priorities for fiscal year 2025 (which started October 1, 2024).
US: SEC published its 2025 priorities
SP: amendment of Regulation for promotion of occupational pension plans
On 23 October 2024, Spain published the Royal Decree 1086/2024, of 22 October, amending the Regulation on pension plans...
On 23 October 2024, Spain published the Royal Decree 1086/2024, of 22 October, amending the Regulation on pension plans...
National news
On 23 October 2024, Spain published the Royal Decree 1086/2024, of 22 October, amending the Regulation on pension plans and funds, approved by Royal Decree 304/2004, of 20 February, for the promotion of occupational pension plans.
SP: amendment of Regulation for promotion of occupational pension plans
UK: UK is considering post-PRIIPs policy
The Financial Conduct Authority (FCA) and the Government announced the 19 September 2024 that they plan to put in place...
The Financial Conduct Authority (FCA) and the Government announced the 19 September 2024 that they plan to put in place...
National news
The Financial Conduct Authority (FCA) and the Government announced the 19 September 2024 that they plan to put in place by summer 2025 the UK’s new retail disclosure regime.
UK: UK is considering post-PRIIPs policy
FR: Pilot regime – AMF instruction AMF DOC-2024-07
On 6 November 2024, the AMF clarified the terms of intermediation of securities admitted to the operations of a DLT...
On 6 November 2024, the AMF clarified the terms of intermediation of securities admitted to the operations of a DLT...
National news
On 6 November 2024, the AMF clarified the terms of intermediation of securities admitted to the operations of a DLT market infrastructure.
FR: Pilot regime – AMF instruction AMF DOC-2024-07
FR: ELTIF ordinance
On 24 October 2024, the ELTIF Ordinance entered into force. The draft law ratifying Ordinance No. 2024-662 of 3 July...
On 24 October 2024, the ELTIF Ordinance entered into force. The draft law ratifying Ordinance No. 2024-662 of 3 July...
National news
On 24 October 2024, the ELTIF Ordinance entered into force. The draft law ratifying Ordinance No. 2024-662 of 3 July 2024 on the modernization of the alternative investment fund regime was tabled in Parliament on 1 October 2024.
FR: ELTIF ordinance