On 25 September 2024, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2024/2494 of 24 September 2024 laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to standard forms, templates and procedures for
Singapore has passed legislative amendments to enhance its anti-money laundering and countering the financing of terrorism (AML/CFT) regime. Such changes will, amongst other things, enable more effective prosecution of money laundering offences, enhance the enforcement and supervisory efforts of AML/CFT regulators, and align the city-state’s AML/CFT framework with international standards.
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On 20 September 2024, the Department for Energy Security & Net Zero (DESNZ) issued a consultation paper setting out proposals to regulate third-party intermediaries (TPIs) in the retail energy sector.
Background
TPIs in the retail energy sector can be broadly defined as a third-party that exists to help a consumer choose
On 24 September 2024, the Financial Conduct Authority (FCA) published Primary Market Bulletin 51 (the PMB).
In the PMB, the FCA sets out feedback to its consultation in PMB 48 and subsequent changes to the Knowledge Base on the listing regime. The PMB notes that the changes to the Knowledge Base reflect
On 24 September 2024, the European Commission published the following Implementing Regulations supplementing the Regulation on markets in crypto-assets (MiCAR):
On 24 September 2024, the Financial Conduct Authority (FCA) published a Policy Statement, PS24/11, confirming that it is extending its temporary changes to handling rules for motor finance complaints.
Background
The FCA announced in January 2024 that it was reviewing whether motor finance customers have been overcharged due to the past use
On 23 September 2023, the Payment Services Regulator (PSR) published Policy Statement 24/6: Supporting the identification of APP scams and civil disputes (PS24/6).
In PS24/6 the PSR provides feedback to its earlier consultation on proposed guidance to help payment service providers (PSPs) distinguish between an authorised push payment (
On 23 September 2024, the Financial Ombudsman Service (FOS) published a speech given by its Chief Executive and Chief Ombudsman, Abby Thomas at the StepChange Connected 2024 conference.
In her speech Abby Thomas discusses the role of the FOS and in particular, what it sees in complaints that involve credit and debt.
Key
On 20 September 2024, the Prudential Regulation Authority (PRA) published a speech by David Bailey (Executive Director, Prudential Policy) entitled Strong and Simple – completing the picture.
In his speech Mr Bailey discusses the recent PRA consultation paper that was published which sets out the proposed capital regime for the Strong and
On 20 September 2024, the Payment Systems Regulator (PSR) published an updated version of its guidance on powers and procedures.
The guidance covers the PSR’s role as the regulator for payment systems and the powers it has under the Financial Services (Banking Reform) Act 2023 (FSBRA) to take regulatory action by