As anticipated in our previous blog post on predictions for 2023, this year has brought about significant developments in investigations and a real focus on fraud. Looking ahead to the second half of 2023, we predict that developments affecting UK business or those doing business in the UK will include:
On 25 May 2022, the Financial Services Regulatory Initiatives Forum (Forum) published an updated version of the Regulatory Initiative Grid which sets out the regulatory pipeline so that financial services firms and other stakeholders can understand, and plan, for the timing of the initiatives that may have a significant operational impact on them. The Forum
Introduction
Here is a short summary of some of the key regulatory milestones in December.
EU
The latest episode of the RT Plus podcast series on Evolution and Divergence – Markets in the EU and UK, is out now. In this third episode we look at potential changes to the bonds and derivatives regime in both the UK and Europe.
With the Wholesale Markets Review currently underway in the UK and
Introduction
Here is a short summary of some of the key regulatory milestones in September.
International regulatory bodies – consultations closing
On 11 June 2021, the FCA published its latest Policy Development update setting out information on recent and upcoming FCA publications.
In terms of future FCA publications the Policy Development update notes the following:
Introduction
Here is a short summary of some of the key regulatory milestones in June.
International regulatory bodies
EU legislation and guidelines entering into force
On 7 May 2021, the Financial Services Regulatory Initiatives Forum (Forum) published the third edition of the regulatory initiatives grid.
The grid sets out at a high level future initiatives from the Forum so that the financial services industry can plan for initiatives that may have a significant operational impact on them.
Introduction
Here is a short summary of some of the key regulatory milestones in May.
International regulatory bodies
28 May 2021: Deadline for comments on FMSB draft standard on use of Term SONIA reference rates.
EU legislation
4 May 2021: Entry into force of Delegated Regulation on specialised lending exposures under CRR (applies from
On 9 April 2021, the FCA published its latest policy development update.
The policy development update lists recently issued FCA publications and lists two forthcoming FCA publications: