Financial Regulation Weekly Bulletin - 20 October 2022

Click on the headings below to access each section:

General

• Cyber incident reporting - FSB publishes consultation document
• European Commission publishes its 2023 work programme alongside annexes and factsheets
• FCA Chair - HM Treasury publishes letter 
• Complaints data - FCA publishes data for H1 2022 
• Climate risk - UK Finance publishes report on prudential capital framework
• Digital assets and private international law - Law Commission launches review 

Beyond Brexit

• The UK-EU relationship in financial services - The House of Lords European Affairs Committee publishes government response
• The Financial Services (Miscellaneous Amendments) Regulations 2022 - Draft statutory instrument and explanatory note published 

Banking and Finance

• CRD IV - EBA publishes final standards and guidelines on interest rate risk arising from non-trading book activities 
• Credit unions - PRA publishes letters on annual assessment 
• EMFS - PRA publishes statement on credit risk mitigation eligibility of guarantees 
• Amigo Loans - FCA publishes letter
• Inclusion in business banking and credit - LSB publishes report 

Securities and Markets

• MAR - European Commission publishes Commission Delegated Regulation containing RTS on contractual template for liquidity contracts for SME growth market issuers’ shares 
• EMIR - European Commission adopts two Commission Delegated Regulations 
• CSDR - ECON publishes draft report on proposed amending Regulation 
• Oversight of energy and energy derivatives market - ESMA and ACER establish joint task force 
• Consumer Investments Strategy - FCA publishes update 

Asset Management

• Index providers and asset managers - IOSCO publishes survey on interaction 
• ELTIF Regulation - Political agreement reached between the Council of the European Union and the European Parliament 
• Liability-driven investment funds and fund managers - House of Lords European Affairs Committee publishes letter to FCA 

Insurance

• British Steel Pension Scheme consumer redress scheme - Work and Pensions Committee publishes correspondence with the FCA
• The Pension Schemes Act 2021 (Commencement No. 7 and Transitory Provision) Regulations 2022 - Statutory instrument and explanatory note published 
• FCA Consumer Duty - LMA publishes guidance for managing agents 
• R (Manchikalapati and others) v Financial Services Compensation Scheme [2022] EWHC 2228 (Admin) 

Enforcement

• MS Amlin Underwriting Limited - PRA publishes final notice and imposes financial penalty 
• Gatehouse Bank plc - FCA publishes decision notice 
• FCA Director of Enforcement and Market Oversight steps down - FCA publishes press release 
• Fraudulent trading - FCA commences criminal proceedings