Regulatory Resources

 
 

The information contained here is checked and updated by BNY Mellon with due diligence on a regular basis.

This notwithstanding, data may become subject to change. Therefore, BNY Mellon does not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided below.

 


 

 

National Bank of Belgium - Central Point of Contact Register

 

The Bank of New York Mellon SA/NV (our “European Bank”) is legally required to disclose certain information to a central registry in Belgium (the “Central Point of Contact” or “CPC”), that is organized by the National Bank of Belgium (the “NBB”).

More information about our legal obligation for the European bank

 

 

 

FICC Markets Standards

 

The Fixed Income, Currencies and Commodities Markets Standards Board (FMSB) is a standards setting body for the wholesale fixed income, currencies and commodities (FICC) markets.  The FMSB is practitioner led and operated by the major participants in wholesale markets. The members are active international users of FICC markets and include corporate issuers, asset managers, exchanges, custodians and intermediaries, commercial and investment banks, and the firms that provide the infrastructure for markets to operate, such as data providers, trading venues, exchanges and other platforms. Included in that membership is The Bank of New York Mellon acting through its London Branch, The Bank of New York Mellon (International) Limited and The Bank of New York Mellon SA/NV.  The FMSB develops Standards aimed at raising standards of behaviour, competence and awareness to promote the fairness and effectiveness of wholesale markets.

Read our 2019 FMSB Attestation

 

 

Gender Pay Gap Report

 

The UK Government Equalities Office has introduced legislation which, as of 4 April 2018, requires employers with 250 or more UK employees to publish certain information in respect of their gender pay gap. BNY Mellon welcomes initiatives that encourage greater focus on pay transparency.

Read our Gender Pay Gap Report

 

 

MiFID II 

 

The revised Markets in Financial Instruments Directive II (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) is a European Directive that came into force on 3 January 2018.

It is a comprehensive regulatory regime which affects how firms carry out investment business and ancillary activities, organise their internal systems and controls, and conduct business with their customers across the European Economic Area.

Find out more about the second Markets in Financial Instruments Directive

 

 

Modern Slavery Act

 

BNY Mellon is committed to preventing acts of modern slavery and human trafficking from occurring within both its business and supply chains.

The statement in the link below is made on behalf of BNY Mellon pursuant to section 54 of the Modern Slavery Act 2015 of the United Kingdom.

Find out more about the Modern Slavery Act

 

 

PSD2 

 

The second Payment Services Directive (2015/2366) (PSD2) is a broad-reaching piece of legislation which is fostering innovative transformation and driving change across the European payments landscape. The rules and framework of PSD2 aim to promote innovation and competition, increase access to payment systems, enhance security of online banking services and provide further protections to customers across Europe.

 

On 13 November 2019, the National Bank of Belgium (NBB) granted The Bank of New York Mellon SA/NV and its branches an exemption from the obligation to set up the contingency mechanism described in article 33(4) of Commission Delegated Regulation (EU) 2018/389 on regulatory technical standards for strong customer authentication and common and secure open standards of communication (the SCA RTS) in accordance with article 33(6) of the SCA RTS.

 

On 19 December 2019, the Financial Conduct Authority granted The Bank of New York, London Branch and The Bank of New York Mellon (International) Limited, an exemption from the obligation to set up the contingency mechanism described in article 33(4) of the SCA RTS in accordance with article 33(6) of the SCA RTS.

 

In the UK, the Technical Standards on Strong Customer Authentication on Common and Secure Methods of Communication Instrument 2020 came into force on 31 December 2020 (the UK RTS) replacing the SCA RTS.

 

Under Article 32(4) of the SCA RTS and Article 32(4) of the UK RTS, BNY Mellon is required to publish on its website quarterly statistics on the availability and performance of its dedicated interface for payment initiation service providers, account information service providers and card-based payment instrument issuers (collectively third party providers or TPPs) and of the interface used by its payment service users (PSUs).

 

View the performance and availability statistics

 

 

Swiss FinSA 

 

The Swiss Financial Services Act (FinSA) seeks to protect clients of financial service providers and to establish comparable conditions for the provision of financial services by financial service providers, and thus contributes to enhancing the reputation and competitiveness of Switzerland’s financial centre.  FinSA applies to persons providing financial services commercially in Switzerland or for clients in Switzerland.  The Act establishes the requirements for honesty, diligence, and transparency in the provision of financial services and governs the offering of financial instruments.  Financial instruments are defined to include equities (including participation certificates, dividend rights certificates, convertible bonds) and debt securities, derivatives, units in collective investment schemes, structured products, and certain types of deposits.  FinSA was enacted in 2020 and its provisions come fully into force after a transition period ending 1 January 22.

 

Find out more about Swiss FinSA

 

 

Data Protection Terms and Conditions for Data Controllers

 

The Bank of New York Mellon is required to enter into legally binding data protection terms with its clients and counterparties to ensure compliance with applicable data protection laws. By entering into an agreement for the provision of services by The Bank of New York Mellon or by proceeding to do business with us (for example, by giving us instructions to enter into foreign exchange transactions or perform any other service), clients and counterparties will be deemed to have read and agreed to these terms. These terms may also be incorporated by reference into the relevant agreements between The Bank of New York Mellon and its clients and counterparties.

 

Review the Data Protection Terms and Conditions for Data Controllers

 

 

 

Securities Financing Transactions Regulation

 

Pursuant to Article 15 of the Securities Financing Transactions Regulation and Article 15 of the UK Securities Financing Transactions Regulation, The Bank of New York Mellon, The Bank of New York Mellon SA/NV, The Bank of New York Mellon (International) Limited and/or BNY Mellon Capital Markets, LLC (whether acting as agent or principal or in any other capacity) are required to provide disclosures to collateral givers on the risks and consequences which may be involved in concluding and/or granting right of use to collateral under a title transfer collateral arrangement or security collateral arrangement containing a right of use.