On 22 March 2024, the Financial Conduct Authority (FCA) published a Statement of Policy on appointments to its statutory panels.
The Statement of Policy outlines the intended approach for appointing members to these panels in accordance with section 1RA of the Financial Services and Markets Act 2000 (the Act). HM Treasury (
On 1 February 2024, the European Systemic Risk Board (ESRB) published a report on vulnerability in the residential real estate (RRE) sectors of the EEA countries. In recent years, the ESRB has regularly assessed residential real estate vulnerabilities in the European Economic Area (EEA) countries and the extent to which they are addressed
On 30 January 2024, the European Parliament issued a press release stating that the Economic and Monetary Affairs Committee had voted to approve the text of the proposed Regulation amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of
To all of our global readers we would like to take this opportunity to wish you all a Merry Christmas and a Happy New Year.
We will resume posting material following the festive period on 9 January 2024 although if there are any significant developments we will endeavour to provide an update.
On 28 November 2023, there was published on legislation.gov.uk The Financial Services and Markets Act 2023 (Panel Remuneration and Reports) Regulations 2023.
These Regulations, which come into force on 26 December 2023, are intended to ensure that the Financial Conduct Authority, Prudential Regulation Authority, and the Payment Systems Regulator can remunerate members of certain
On 29 September 2023, the PRA issued a statement setting out its conclusions following an evaluation of the Written Auditor reporting policy, to assess how it is delivering against its original objectives. The statement also sets out how the PRA will continue to refine its approach to the policy to make it a more efficient
On 13 September 2023, the European Commission published an initiative setting out a draft Delegated Directive that will amend the thresholds in the Accounting Directive for determining the size category of a company to account for the impact of inflation. Since 2013, the size thresholds have remained unchanged. An increase will result in micro, small