On 19 May 2022, the Dutch Minister of Finance (the Minister) published for public consultation a draft legislative proposal of the Amendment Act on the recovery and resolution of insurers (Wijzigingswet herstel en afwikkeling van verzekeraars, the Amendment Act). As
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
Latest from Financial services: Regulation tomorrow
FCA planning reform of the listing regime to boost growth and competitiveness
On 26 May 2022, the FCA published Discussion Paper 22/2 ‘Primary Markets Effectiveness Review: Feedback to the discussion of the purpose of the listing regime and further discussion’ (DP22/2). DP22/2 will be of interest to, among others, listed companies and…
FSCS May 2022 outlook
On 26 May 2022, the Financial Services Compensation Scheme (FSCS) published its May 2022 Outlook, focusing on the 2022/23 levy forecast.
The FSCS reports that whilst the headline levy number has decreased since its first forecast in November (now…
Commission Implementing Regulation amending the ITS laid down in Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions to be applied in the EU
On 24 May 2022, the European Commission adopted an Implementing Regulation amending the implementing technical standards (ITS) laid down in Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions to be applied in the EU for…
Handbook Notice 99
On 27 May 2022, the FCA published Handbook Notice 99.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 16 May 2022…
The Dormant Assets Act 2022 (Commencement) Regulations 2022
On 27 May 2022, there was published on the legislation.gov.uk website The Dormant Assets Act 2022 (Commencement) Regulations 2022. These Regulations bring into force on 6 June 2022 those provisions of the Dormant Assets Act 2022 that are not…
BBRS publishes guide on how its Scheme Rules can be changed
On 27 May 2022, the Business Banking Resolution Service issued a guide on its scheme rules could be changed.
US SEC settlement demonstrates the risks to investment advisers of using ESG investment decision-making metrics
The US Securities and Exchange Commission (SEC) has been increasingly vocal about its view that environmental, social and governance (ESG) disclosures can be material to investors. To help combat ESG disclosure violations, the SEC created a Climate and Risk Task…
Latest edition of the Regulatory Initiatives Grid
On 25 May 2022, the Financial Services Regulatory Initiatives Forum (Forum) published an updated version of the Regulatory Initiative Grid which sets out the regulatory pipeline so that financial services firms and other stakeholders can understand, and plan, for the…
What will operational resilience look like going forward? An overview of the supervisory regulatory position
On 25 May 2022, Duncan Mackinnon (Executive Director for Supervisory Risk Specialists) gave a speech at the City and Financial 9th Annual Operational Resilience for Financial Institutions Summit. In his speech Mr Mackinnon discusses where the PRA expects firms to…