On 28 April 2022, the International Organization of Securities Commissions (IOSCO) published a report setting out some issues and considerations for regulators when reviewing the regulation of market data.
The report provides feedback on IOSCO’s earlier consultation report ‘Market Data in the Secondary Equity Market’ and offers the following considerations that regulators may find helpful
On 28 April 2022, the Financial Conduct Authority (FCA) published Consultation Paper 22/08: Protecting investors in authorised funds following the Russian invasion of Ukraine (CP22/08).
The FCA has published CP22/08 in light of the significant impact that Russia’s invasion of Ukraine is having on financial markets. Many investments have been affected both by the events
On 28 April 2022, the Prudential Regulation Authority (PRA) published a speech by David Bailey (Executive Director, UK Deposit Takers Supervision) entitled ‘Operational Resilience: Next steps on the PRA’s supervisory roadmap’.
In his speech Mr Bailey focuses on operational resilience which is one of the PRA’s highest supervisory priorities at the moment. It
On 27 April 2022, there was published on the legislation.gov.uk website The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022.
These Regulations amend the Russia (Sanctions) (EU Exit) Regulations 2019 (the 2019 Regulations) by adding new trade sanctions to Part 5 (Trade). These amendments will introduce new trade sanctions measures relating to
On 27 April 2022, the FCA published its latest newsletter on the Investment Firm Prudential Regime (IFPR).
In this newsletter the FCA covers reporting queries focussing on:
The FCA
On 28 April 2022, the FCA published its latest set of complaints data. The FCA publishes complaints data every 6 months, around April and September, so that firms can compare their performance in the market and consumers have an additional source of information about FCA regulated firms.
The FCA’s latest findings include:
On 28 April 2022, the House of Commons’ Treasury Committee published the responses from the Government, FCA and Payment Systems Regulator to its report on Economic Crime.
In its report the Treasury Committee urged the Government to legislate against online fraudulent adverts and seriously consider whether online giants should reimburse those who fall victim to
On 28 April 2022, there was published in the Official Journal of the EU the Recommendation of the European Systemic Risk Board (ESRB) of 16 February 2022 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macro-prudential policy measures.
The framework on voluntary reciprocity for macro-prudential policy measures set out
Each year the Dutch Central Bank (De Nederlandsche Bank, DNB) investigates the inherent integrity risks of money laundering, financing of terrorism and corruption faced by financial institutions, as well as the measures taken by financial institutions to mitigate such risks. For this purpose, DNB has been requesting financial institutions to complete its
On 26 April 2022, HM Treasury published a Policy Statement ‘Protecting UK wholesale cash infrastructure’.
In the Policy Statement HM Treasury reports that the government intends to provide the Bank of England (BoE) with the powers to oversee the wholesale cash industry so that it remains resilient and sustainable and can continue