The Financial Services Authority has published a revised version of its brief guide to the European Union and its legislative process.

The Financial Services Authority has published its Annual Report for the year 2010/11, in which it outlines its performance against the priorities set out in its 2010/11 Business Plan and its statutory objectives.

The European Parliament Committee on Economic and Monetary Affairs has published a draft report on the proposal for a Regulation of the European Parliament and of the Council on over-the-counter derivatives, central counterparties and trade repositories.

The European Court of Justice has ruled that gender based pricing in insurance contracts is incompatible with EU law.

The Solvency II Directive allows firms to elect to calculate their Solvency Capital Requirement by using the standard formula, an internal model or a combination of the two.

The chief executive of the Financial Services Authority ("FSA"), Hector Sants has given a speech in which he discusses the FSA’s current thinking with regard to the regulatory philosophy in which the Financial Conduct Authority ("FCA") will be created, including: the consumer pro

The European Central Bank has now published a management summary which summarises the structure and content of the T2S Framework Agreement.

The European Systemic Risk Board recommendation provides that Member States should designate a competent authority in national legislation to conduct macro-prudential policy whose objective is to safeguard the stability of the financial system.

From 1 July 2011, the European Securities and Markets Authority was given exclusive responsibility for the registration and supervision of credit rating agencies in the EU. ESMA has published its first Annual Report on the Application of the Credit Rating Agencies Regulation.

The UK House of Commons’ Treasury Select Committee has published a report on the proposed new Financial Conduct Authority, to advise the Government in preparation for the drafting and publication of the Financial Services Bill in early 2012.