4 October
UK
On 9 September 2024, the Financial Conduct Authority (FCA) published a Guidance Consultation, GC24/5, setting out proposed changes to its Payment Services and Electronic Money Approach Document to support new legislation to tackle authorised push payment (APP) fraud. The deadline for responses to GC24/5 is 4 October 2024.
On 18 July 2024, the Bank of England (BoE) published two consultation papers on central counterparty (CCP) resolution – one relates to the BoE’s approach to determining commercially reasonable payments for contracts subject to a statutory tear up in CCP resolution, and the other concerns the BoE’s power to direct a CCP to address impediments to resolvability. The first consultation closes on 4 October 2024.
7 October
UK
On 19 December 2023, the Payment Systems Regulator (PSR) published a policy statement, PS23/4, on APP scams reimbursement. In this policy statement the PSR sets out the final detailed parameters of the new reimbursement requirement within Faster Payments and the legal instruments it is using to implement the policy. The PSR also confirms the policy start date of 7 October 2024.
8 October
EU
On 8 July 2024, the European Securities and Markets Authority (ESMA) issued two consultation papers on liquidity management tools (LMTs) for funds. The first consultation covers draft regulatory technical standards (RTS) on LMTs under the Alternative Investment Fund Managers Directive (AIFMD) and the UCITS Directive. The second consultation deals with draft guidelines on LMTs of UCITS and open-ended alternative investment funds (AIFs). The deadline for responding to both consultations is 8 October 2024.
On 8 July 2024, the European Banking Authority (EBA) issued a consultation on draft RTS specifying the conditions and the criteria to assess whether the credit valuation adjustment (CVA) risk exposures arising from fair-valued securities financing transactions (SFTs) are material, as well as the frequency of that assessment. The deadline for comments on the consultation is 8 October 2024.
9 October
Global
On 9 July 2024, the Basel Committee on Banking Supervision published a consultative document on Principles for the sound management of third-party risk. The deadline for comments on the consultative document is 9 October 2024.
11 October
UK
On 6 September 2024, the FCA published Consultation Paper 24/18: Quarterly Consultation Paper No.45 (CP24/18). The deadline for comments on CP24/18 is 11 October 2024.
On 5 August 2024, the House of Lords Financial Services Regulation Committee reopened its call for evidence on FCA Consultation Paper CP24/2: Our Enforcement Guide and publicising enforcement investigations—a new approach. The deadline for evidence is 11 October 2024.
On 26 September 2024, the Department for Energy Security and Net Zero updated its webpage on the UK Emissions Trading Scheme (UK ETS): free allocation review by adding a note on extending the UK ETS first Free Allocation period to 2026. The note states that the UK ETS Authority is consulting operators in the scheme on a proposal to move the start of the second allocation period from 2026 to 2027, extending the current allocation period to include 2026. Operators will receive the consultation from their scheme regulator and have until 11 October 2024 to submit responses.
EU
On 15 July 2024, the EBA issued a consultation paper containing draft guidelines on templates to assist Member State competent authorities in performing their supervisory duties regarding issuers’ compliance under Titles III and IV of the Regulation on markets in crypto-assets (MiCAR). The deadline for comments on the consultation paper is 11 October 2024.
On 8 July 2024, the ESMA issued a consultation on guidelines on the submission of periodic information to ESMA by benchmark administrators, credit rating agencies (CRAs) and market transparency infrastructures. The deadline for comments on the consultation paper is 18 October 2024.
12 October
EU
On 12 July 2024, the European Supervisory Authorities issued a consultation paper on guidelines on templates for explanations and opinions, and the standardised test for the classification of crypto-assets, under Article 97(1) of the MiCAR. The deadline for comments on the consultation paper is 12 October 2024.
15 October
EU
Commission Implementing Regulation (EU) 2024/2494 of 24 September 2024 laying down implementing technical standards (ITS) for the application of MiCAR with regard to standard forms, templates and procedures for the cooperation and exchange of information between competent authorities and EBA and ESMA enters into force on 15 October 2024.
On 10 July 2024, ESMA published its third consultation paper on the future technical standards and technical advice on revised MiFIR and MiFID II. The deadline for comments on sections 5, 6 and 7 of the consultation paper is 15 October 2024.
16 October
EU
On 16 July 2024, the EBA issued a consultation paper on draft ITS amending Commission Implementing Regulation (EU) 2016/100 specifying the joint decision process with regard to the application for certain prudential permissions pursuant to the Capital Requirements Regulation (CRR). The deadline for comments on the consultation is 16 October 2024.
On 16 July 2024, ESMA published a consultation paper on draft technical standards specifying the criteria for how investment firms establish and assess the effectiveness of their order execution policies. The deadline for comments on the consultation is 16 October 2024.
On 24 July 2024, the European Central Bank (ECB) issued a consultation on a draft guide on governance and risk culture. The deadline for comments on the draft guide is 16 October 2024.
17 October
UK
On 8 August 2024, the FCA published Consultation Paper CP24/16: The Value for Money Framework (CP24/16). In CP24/16, the FCA is consulting on detailed rules and guidance for a new value for money framework for savers invested in default arrangements of workplace defined contribution pension schemes. The deadline for responses to CP24/16 is 17 October 2024.
18 October
UK
On 26 July 2024, the FCA published several policy papers designed to strengthen the UK’s capital markets. This included Consultation Paper 24/12: Consultation on the new Public Offers and Admissions to Trading Regime (CP24/12) and Consultation Paper 24/13: New regime for public offer platforms (CP24/13). The deadline for comments on CP24/12 and CP24/13 is 18 October 2024.
On 18 July 2024, the BoE published two consultation papers on CCP resolution – one relates to the BoE’s approach to determining commercially reasonable payments for contracts subject to a statutory tear up in CCP resolution, and the other concerns the BoE’s power to direct a CCP to address impediments to resolvability. The second consultation closes on 18 October 2024.
On 12 July 2024, the Financial Markets Standards Board (FMSB) issued a transparency draft of a proposed standard for sharing standard settlement instructions and an addendum. The FMSB invites comments by 18 October 2024.
On 18 July 2024, the FCA published the results of its multi-firm review on the treatment of politically exposed persons, and launched a consultation (GC24/4) on proposed changes to its guidance on the subject. The deadline for responses to GC24/4 is 18 October 2024.
EU
On 8 July 2024, ESMA issued a consultation on guidelines on the submission of periodic information to ESMA by benchmark administrators, CRAs and market transparency infrastructures. The deadline for comments on the consultation paper is 18 October 2024.
21 October
EU
On 21 August 2024, ESMA announced that it had published the translations in all official EU languages of its guidelines on funds’ names using ESG or sustainability-related terms. Member State competent authorities must notify ESMA by 21 October 2024 whether they (i) comply, (ii) do not comply, but intend to comply, or (iii) do not comply and do not intend to comply with the guidelines.
28 October
EU
On 19 December 2023, ESMA published a final report on proposed updates to its guidelines on position calculation under EMIR Refit. The existing ESMA guidelines (ESMA70-151-1350) that were applicable as of 3 December 2018 were repealed on 29 April 2024 and replaced with the updated guidelines that apply from 28 October 2024, providing for a 6-month transition period.
30 October
UK
On 30 July 2024, the Prudential Regulation Authority (PRA) published Consultation Paper, CP11/24, on International firms: Updates to Supervisory Statement (SS5/21) and branch reporting (CP11/24). The deadline for responses to CP11/24 is 30 October 2024.
EU
On 30 July 2024, the EBA launched a public consultation on its draft ITS overhauling the EBA resolution planning reporting framework. The consultation runs until 30 October 2024.
31 October
UK
On 29 July 2024, the FCA launched a call for input on its review of FCA requirements following the introduction of the Consumer Duty. The deadline for responses to the call for input is 31 October 2024.
On 30 July 2024, the BoE published a discussion paper on its approach to innovation in money and payments. The discussion paper asks for responses on “the next step in a wide-ranging conversation on how to deliver an ambitious agenda for the UK payments landscape”. The deadline for responses to the discussion paper is 31 October 2024.
EU
On 16 June 2023, the European Commission (the Commission) published a letter from John Berrigan, Deputy Director-General for Financial Stability, Financial Services and Capital Markets Union, addressed to Verena Ross, ESMA Chair, formally requesting technical advice on the review of Commission Directive 2007/16/EC on UCITS eligible assets (commonly known as the Eligible Assets Directive). The letter requests that ESMA deliver its technical advice to the Commission by 31 October 2024.
On 31 July 2024, the EBA issued a public consultation on draft ITS for uniform reporting templates in relation to the level of charges for credit transfers and share of rejected transactions under the Single Euro Payments Area Regulation. The deadline for comments is 31 October 2024.