On 22 November 2022, HM Treasury published the Financial Services (Miscellaneous Amendments) Regulations 2022.
The Regulations contains a range of measures to address deficiencies in retained European Union (EU) law.
Among other things the Regulations provide that:
On 22 November 2022, the European Banking Authority (EBA) published a final report on guidelines on the use of remote customer onboarding solutions under Article 13(1) of the Fourth Money Laundering Directive (4MLD).
This final report sets out a strategic objective to embrace digital finance for the good of consumers and
On Tuesday, 22 November 2022, the European Commission (the Commission) adopted a proposal for a Council Regulation establishing a market correction mechanism to protect citizens and the economy against excessively high prices. The proposal sets out the details for a temporary market correction mechanism to cap the price of front-month Title Transfer Facility
On 22 November 2022, the Financial Ombudsman Service (FOS) published the Independent Assessor’s Annual Report 2021-2022.
During the financial year, the assessor investigated 568 services complaints out of 4131, received by the FOS. This shows that for the most part, customers that raised complaints were either satisfied with the response they received from
On 22 November 2022, the FCA announced the formation of a group to develop a voluntary code of conduct for environmental, social and governance (ESG) data and ratings providers (the Code).
In an earlier FCA Feedback Statement on ESG integration in UK capital markets, the FCA expressed their support for introducing regulatory
On 22 November 2022, the European Commission (Commission) issued a call for advice to the European Banking Authority (EBA) on green loans and mortgages.
In its ‘Strategy on Financing the Transition to a Sustainable Economy’ (Strategy) of July 2021, the Commission outlined four policy areas in which further work
On 21 November 2022, the European Securities and Markets Authority (ESMA) published its annual report 2022 on the application of waivers and deferrals.
Articles 4(4) and 992) of MiFIR require ESMA to monitor the application of pre-trade transparency waivers and to submit an annual report to the European Commission on how equity
On 21 November 2022, the European Securities and Markets Authority (ESMA) published a final report on draft regulatory technical standards (RTS) amending Article 19 of Commission Delegated Regulation (EU) 2018/1229 (RTS on Settlement Discipline).
Between 11 July and 9 September 2022, ESMA conducted a public consultation seeking stakeholders’ views
On 21 November 2022, the FCA announced that it has warned stock trading app operators to review design features, including those with game-like elements, which risk promoting consumers to take actions against their own interests.
Features the FCA have warned operators to avoid include, sending frequent notifications with the latest market news and providing consumers
On 21 November 2022, the Financial Stability Board (FSB) published the 2022 list of globally systemically important banks (G-SIBs). The list is based on end-2021 data and an assessment methodology designed by the Basel Committee on Banking Supervision, which was revised in 2018. The revised methodology is applied for the first time