On 15 November 2024, the European Supervisory Authorities issued a Decision on the information that Member State competent authorities (NCAs) must report to them for the designation of critical ICT third-party service providers under the Digital Operational Resilience Act (DORA). In particular, the Decision requires NCAs to report by 30 April
On 15 November 2024, the Government published the new growth-focused remit letters to the FCA, Prudential Regulation Committee, Financial Policy Committee, and the Payment Systems Regulator. These letters were mentioned in the Mansion House speech.
On 14 November 2024, HM Treasury issued a consultation setting out proposals to legislate for a minimum size and maximum number of Defined Contribution (DC) pension scheme default funds.
Policy
The Government believes that the future of the workplace DC market lies in fewer, bigger, better run schemes, with the scale and capability
On 14 November 2024, HM Treasury (HMT) published the Government’s response to its earlier consultation on the Private Intermittent Securities and Capital Exchange System (PISCES).
Key message
The key message in the response is that the proposal and design of the proposed PISCES Sandbox was well received and that the Government
On 14 November 2024, the Government published letters that it had sent to the Financial Conduct Authority and Prudential Regulation Authority asking for a report assessing the current mutuals landscape.
The report would be provided before the end of 2025 and aid the Government and regulators’ consideration of how best to support the mutuals sector
On 14 November 2024, HM Treasury issued a consultation on a UK Green Taxonomy.
The purpose of the consultation is to establish whether a UK Taxonomy would be additional and complementary to existing policies in meeting the objectives of mitigating greenwashing and channelling capital in support of the Government’s sustainability objectives. The Government is also
On 14 November 2024, HM Treasury issued a policy paper, National Payments Vision.
The National Payments Vision (Vision) outlines the Government’s ambitions for bolstering the UK’s payments sector to deliver economic growth. It also addresses the findings from the independent Future of Payments Review 2023, led by Joe Garner, and extensive stakeholder
On 15 November 2024, the Financial Conduct Authority (FCA), Information Commissioner’s Office and the Pension Regulator (TPR) issued a statement that is designed to provide some additional clarity for firms and pension scheme trustees to support their customers’ decision-making through their communications, in line with the FCA Consumer Duty and TPR’s