Financial Regulation Weekly Bulletin - 2 March 2023

Click on the headings below to access each section:

General

• Financial services contracts concluded at a distance - Council of European Union agrees negotiating mandate and publishes note
• Regulatory Initiatives Grid - FCA publishes sixth edition
• Prospectus disclosures on climate risk - ClientEarth seeks judicial review of FCA decision

Banking and Finance

• Banking book and trading book provisions - EBA publishes letter and opinion
• Bank ring-fencing regime - HM Treasury publishes call for evidence
• Prudential framework for smaller banks - PRA publishes Consultation Paper (CP4/23) on liquidity and disclosure requirements
• Prudential framework for smaller banks - PRA publishes Consultation Paper (CP5/23) on remuneration requirements
• Harmonisation of ISO 20022 - CPMI publishes Consultative Report

Securities and Markets

• BMR - European Commission publishes call for evidence on the scope and third-country regime
• Amendments to MiFIR/MiFID II - ECON adopts draft reports
• Proposed CSDR Refit Regulation - ECON adopts draft report
• Impact of market correction mechanism on financial markets - ESMA publishes effects assessment
• Financial Services and Markets Act 2000 (Commodity Derivatives and Emissions Allowances) Order 2023 - Draft statutory instrument and explanatory memorandum published
• Wholesale data market - FCA publishes findings and launches market study
• UK EMIR - FCA and Bank of England publish joint Policy Statement (PS23/2)

Asset Management

• IFPR - FCA publishes findings of multi-firm review

Insurance

• Pensions Dashboard - DWP publishes statement
• British Steel Pension Scheme consumer redress scheme - FCA publishes webpage of resources for firms

Financial Crime

• FATF Plenary meeting - FATF publishes outcome
• AML/CTF - Delegated Regulation amending list of high-risk third countries under MLD4 published in OJ