14 Apr 2023

Financial Regulation Weekly Bulletin - 13 April 2023

Includes developments in relation to: Cyber incident reporting; EU Taxonomy Regulation; SFDR; implementing the Consumer Duty; USD LIBOR cessation; Solvency II; and the Economic Crime and Corporate Transparency Bill.


  • 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


  • 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


  • Binary options investment fraud - FCA successfully prosecutes individuals


This material is provided for general information only. It does not constitute legal or other professional advice.

Contact Information
Selmin Hakki
PSL Counsel at Slaughter and May
Sarah Redlich
Practice Development Lawyer at Slaughter and May