On 16 December 2022, the FCA, Payment Systems Regulator, HM Treasury and the Competition and Markets Authority published a joint statement providing an update on their plans for the vision of the future of open banking and proposals for a new entity to succeed the Open Banking Implementation Entity. In the statement the regulators confirm
On 16 December 2022, the FCA published Handbook Notice 105.
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 24 November 2022, 9 December 2022 and 15 December 2022. During this time the FCA Board approved various
On 15 December 2022, the European Securities and Markets Authority published a report in accordance with Article 8d of the Regulation on credit rating agencies (CRAs) setting out a list of registered CRAs and the types of credit ratings they issue, together with a calculation of CRA’s revenues from credit rating
On 15 December 2022, the European Securities and Markets Authority published a final report containing guidelines on standard forms, formats and templates to apply for permission to operate a Distributed Ledger Technology market infrastructure (DLT MI).
Between 11 July and 9 September 2022, ESMA conducted a public consultation on draft guidelines on standard
On 15 December 2022, the European Commission published a Commission Implementing Regulation amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions for the reporting referred to in Article 78(2) of the Capital Requirements Directive IV.
This Regulation amends Implementing Regulation (EU) 2016/2070 as
On 15 December 2022, the PRA and FCA co-published a Policy Statement ‘Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251’. In the Policy Statement the PRA/FCA provides feedback to responses to their earlier Consultation Paper and sets out their final policy in the form of amendments to Binding Technical Standards (BTS
On 15 December 2022, HM Treasury published its response to its earlier consultation seeking views on the implementation of a Statutory Debt Repayment Plan (SDRP).
On 13 May 2022, the government published a consultation seeking views on the implementation of a SDRP. The SDRP would be a new statutory debt solution. Debt advisers
On 15 December 2022, the Bank of England (BoE) published a Consultation Paper on the supervisory approach to wholesale cash distribution.
The Consultation Paper sets out proposals for how the BoE proposes to implement its new powers in respect of the wholesale cash distribution (WCD) infrastructure in the UK, also known
On 14 December 2022, the European Securities and Markets Authority (ESMA) published a supervisory briefing on the supervision of cross-border activities of investment firms.
On 10 March 2022, ESMA published a peer review report on the supervision of cross-border activities of investment firms. In its report, ESMA identified the need for home supervisors