1 min read
Includes developments in relation to: financial promotions; UK Listing Rules; PSR; PSD3; G-SIB assessments; CRR; Benchmarks Regulation; PISCES; UK EMIR; asset management supervision; EDIS; value for money framework; sanctions; and AML.
General
- Data and analytics strategy - Bank of England speech delivered
- Changes to Financial Promotion Order exemptions - SI made and FCA statement published
- Detailed proposals for reform of the listing rules - published by the FCA
- Wind-down planning - FCA publishes new webpage
- Bank of England’s approach to legal, ethical and staff compliance risks - NAO publishes report
Banking and Finance
- PSR and PSD3 - ECON publishes adopted texts
- Revised G-SIB assessment framework - BCBS launches consultation
- CRR - EBA launches consultation on off-balance sheet items under the standardised approach to credit risk
Securities and Markets
- Benchmarks Regulation - ECON votes to adopt draft report on proposed amending Regulation
- Private Intermittent Securities and Capital Exchange System (PISCES) - HM Treasury consults
- UK EMIR reporting requirements - FCA consults on Q&As
Asset Management
- Reserved investor fund - HM Treasury announces tax rules
- Asset management supervision strategy - FCA publishes portfolio letter
Insurance
- Legislative proposal for European Deposit Insurance Scheme - ECON publishes draft report
- Pension scheme asset disclosure and value for money framework - Chancellor announces reforms
Financial Crime
- The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 2 and Transitional Provision) Regulations 2024
- Sanctions and Anti-Money Laundering Act 2018 - Post-Legislative Scrutiny Memorandum: published
- AML framework failings - FCA publishes Dear CEO letter to Annex 1 firms
Enforcement
- Woodford Equity Income Fund redress - FCA provides update