Compliance

The Compliance division is led by the AFME Compliance Committee, which comprises EMEA heads of compliance from AFME members.

Our European Compliance work programme focuses on influencing the European regulatory environment to foster a culture of integrity and effective conduct regulation.

Key Priorities

The Compliance Committee organises its work under a number of key themes:

• Markets Regulation
• Corporate Governance
• Financial Crime, Data and Tech
• IBOR Transition
• Sustainable Finance
• COVID-19
• Brexit 

Key Resources

• Joint Letter: Impact of CJEU Schrems II ruling on the framework for international data transfers (6 October 2020)
• AFME Response to JMLSG proposed guidance on Part II Sector 22 – cryptoasset exchange providers and custodian wallet providers (18 May 2020)
• AFME response to the Basel Committee Consultative Document on Introduction of Guidelines on interaction and cooperation between prudential and AML/CFT supervision (21 February 2020)
• AFME Response to the EBA Consultation on the Definition of Material Risk Takers (19 February 2020)
• LIBOR Transition: Managing the Conduct and Compliance Risks (17 December 2019)
• AFME response to ESMA MAR Review Consultation Paper (29 November 2019)
• Response to FCA QCP 23 on Code Recognition (6 February 2019)
• The Scope and Evolution of Compliance
• Effective flow of personal data post-Brexit
• Consultation Response: FCA CP 18/28 Brexit: proposed changes to the Handbook and Binding Technical Standards – first consultation: This response sets out AFME’s views on the FCA’s proposed changes in the context of the EU Withdrawal Act. (7 December 2018)
• Consultation Response: FCA CP 18/36 Brexit: proposed changes to the Handbook and Binding Technical Standards – second consultation: This response sets out AFME’s views on the FCA’s proposed changes in the context of the EU Withdrawal Act. (21 December 2018)
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