- How the current redress framework could be modernised.
FCA and FOS Call for Input: Modernising the Redress System
FCA DP24/2: Improving the UK transaction reporting regime
On 15 November 2024, the Financial Conduct Authority (FCA) published Discussion Paper 24/2 ‘Improving the UK transaction reporting regime’ (DP24/2).
Purpose
The FCA has issued DP24/2 to help inform its consultative position on the development of a new transaction reporting regime that will remove unnecessary burdens for firms while maintaining the
Call for Evidence – Credit union common bond reform
On 14 November 2024, HM Treasury issued a Call for Evidence seeking views on the merits of and considerations for changing the credit union common bond requirement for membership in Great Britain, under the Credit Unions Act 1979. The Call for Evidence consists of 15 open-ended questions and will run for 16 weeks until 11:45
Call for Evidence – Financial Services Growth & Competitiveness Strategy
On 14 November 2024, HM Treasury issued a Call for Evidence on the Government’s Financial Services Growth & Competitiveness Strategy.
Once finalised the strategy will serve as the central guiding framework through which the Government will seek to achieve sustainable, inclusive growth for the financial services sector and secure the UK’s competitiveness as an international
HMT response to consultation on future regulatory regime for ESG ratings providers
On 14 November 2024, HM Treasury (HMT) published its response document to its earlier consultation on the future regulatory regime for Environmental, Social and Governance (ESG) ratings providers.
Earlier consultation
Previously HMT issued a consultation on the regulation of ESG ratings providers on 30 March 2023, and this closed on 30
FCA Primary Market Bulletin 52
- Issuers’ ability to identify and make public information that is inside information under the UK Market Abuse Regulation (MAR). This covers 3 common scenarios where the FCA has seen differing approaches by issuers
ESMA data collection exercise on costs linked to investments in AIFs and UCITS
- Information requested from manufacturers will
Mansion House speech
- Publish in the Spring the first ever Financial Services Growth and Competitiveness Strategy.
- Review the strategic guidance that is given to the Competition and Markets Authority
NGFS publishes a Conceptual Note on Adaptation and a Synthesis Report on the greening of the financial system
On 14 November 2024, the Network for Greening the Financial System (NGFS) published a Conceptual Note on Adaptation and a Synthesis Report on the greening of the financial system.
Conceptual Note
The Conceptual Note is the first comprehensive exploration by the NGFS of climate adaptation and its implications for financial stability. It
EBA opinion on Commission’s proposed amendments to final draft ITS on supervisory reporting and Pillar 3 disclosures
On 14 November 2024, the European Banking Authority (EBA) issued an opinion on the European Commission’s (Commission) proposed amendments to the EBA’s final draft Implementing Technical Standards (ITS) on public disclosures by institutions and supervisory reporting under the revised Capital Requirements Regulation (CRR3).
Background
On 20 June