Financial Regulation Weekly Bulletin - 13 April 2023

General

• Financial stability - FSB publishes letter to G20 Finance Ministers and Central Bank Governors
• Cyber incident reporting - FSB publishes Final Report on recommendations
• EU Taxonomy Regulation - European Commission launches consultation on draft Commission Delegated Regulations
• SFDR - ESAs publish Consultation Paper on proposed amendments to RTS on sustainability disclosures
• Critical third parties to the UK financial sector - Bank of England, PRA and FCA publish survey on proposed regime
• Regulated fees and levies 2023/24 - PRA publishes Consultation Paper (CP7/23)
• Implementing Consumer Duty - FCA publishes Portfolio Letters in respect of CFDs
• Global Financial Innovation Network - FCA publishes announcement on Greenwashing TechSprint
• Risk of promoting financial products - FCA and ASA publish warning

Securities and Markets

• SFTR - ICMA publishes updated version of its reporting recommendations
• USD LIBOR cessation - FCA publishes reminder
• LIBOR cessation - ISDA publishes updated guidance

Insurance

• Solvency II - PRA consults on insurance taxonomy
• British Steel Pension Scheme - FCA publishes announcement on the end of legal challenge

Financial Crime

• Economic Crime and Corporate Transparency Bill - Home Office introduces new failure to prevent fraud offence

Enforcement

• Binary options investment fraud - FCA successfully prosecutes individuals