October saw the EBA, ESMA and EIOPA release their 2014 work programmes, setting out timelines for work on Level 2 technical advice for key legislative issues - including CRR, Solvency II, MiFID II, UCITS V and PRIPs. But many of these timelines are still at the mercy of the Level 1 texts being agreed between the Council and EP, so we are taking the timelines with a pinch of salt. It all depends on how much the Council and the EP are able to achieve before next spring’s parliamentary elections. In other news:
The way to read the document is to review the Table of Contents (page 2), click the relevant Sector section to identify the news of interest and then to directly go to the topic/article of interest by clicking in the active links within the Sector's table of contents.
The key to managing the continuous regulatory and accounting developments is understanding your requirements and assessing how this will affect you in the Channel Islands. Your PwC Channel Islands local contacts would be delighted to discuss how these developments could affect you.
Previous Being Better Informed editions: