Financial Regulation Weekly Bulletin - 14 September 2023

Click on the headings below to access each section:

General

• Adjusting SME size criteria - European Commission announces initiative

• Gateway for firms who approve financial promotions - FCA publishes Policy Statement (PS23/13) and new webpage

• Complaints to the FOS - Data for Q1 2023/24 published

Sustainability

• Implementation of SFDR - European Commission launches consultation

• Green financial products and data reporting - GTAG publishes advice

Beyond Brexit

• International collaboration and modernisation of UK financial services regulation - FCA publishes speech

• The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2023

Banking and Finance

• Leveraged loans and CLOs - ISOCO publishes consultation report on good practices

• MREL reforms - ECON publishes draft report

• Consumer Credit Directive II - European Parliament votes to adopt new rules

• Supervisory work in wholesale banking - FCA publishes Dear CEO letter

• Later-life mortgages - FCA publishes multi-firm review findings

Insurance

• Defined Benefit pension scheme consolidation - Work and Pensions Committee publishes letter to PRA

• Dealing with insurers in financial difficulties - PRA publishes Policy Statement (PS12/23)

Enforcement

• Pension transfer advice failings - FCA publishes Final Notices