Financial Regulation Weekly Bulletin - 21 July 2022

Click on the headings below to access each section:

General

• EU Taxonomy Complementary Climate Delegated Act covering certain nuclear and gas activities - published in OJ
• Artificial Intelligence - Government publishes National AI strategy
• Priorities for the financial services sector and scope of Financial Services and Markets Bill 2022-23 - Mansion House speech delivered by the Chancellor
• Digitisation Taskforce - HM Treasury publishes terms of reference
• Data Collection Transformation Plan - Bank of England and FCA publish phase one recommendations
• Operational resilience - PRA and FCA publish joint paper on oversight of critical third parties to the UK financial sector
• PRA and FSCS - Updated MoU agreed
• Annual Report, Accounts and Perimeter - Reports published by FCA
• Reviewing how the financial services regulators consider complaints - Commissioner publishes Annual Report
• ESG ratings - FMSB publishes spotlight review

Beyond Brexit

• Financial Services and Markets Bill 2022-23 - Introduced to Parliament
• Phase II of the Future Regulatory Framework Review - HM Treasury publishes response
• Annual review of UK financial services - HM Treasury and the City of London Corporation publish first report

Banking and Finance

• Remuneration and high earners - EBA publishes report on benchmarking and data
• The Payment and Electronic Money Institution Insolvency (England and Wales) (Amendment) Rules 2022 - Statutory instrument and explanatory memorandum published
• Payments Regulation and the Systemic Perimeter - HM Treasury publishes consultation
• Unvested pay, material risk takers and public appointments - PRA publishes Consultation Paper (CP8/22)
• Prudential and Resolution Policy Index - launched by the PRA
• Risks and challenges for investment banks - PRA publishes speech
• Digital Payments Initiative - PSR publishes response to PSR Panel report

Securities and Markets

• CRA Regulation - ESMA publishes final report on Guidelines and Recommendations on scope
• MiFID II/MiFIR - ESMA updates Q&As on market structures and transparency
• CCP supervision - ESMA publishes annual peer review report
• SFTR and MiFIR - ESMA updates Q&As on data reporting
• UCITS Directive and AIFMD - ESMA updates Q&As on application
• Future Regulatory Framework for CCPs and CSDs - HM Treasury responds to consultation

Asset Management

• Dormant Assets Scheme - DCMS publishes consultation on funding
• The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 - Statutory instrument and explanatory memorandum published

Insurance

• Peer review on outsourcing - EIOPA publishes report
• IDD - EIOPA publishes guidance and feedback statement on integration of sustainability preferences
• Pensions dashboards - Policies underpinning draft Regulations, standards and guidance published

Financial Crime

• Data protection, technology and private sector information sharing - FATF publishes report

Enforcement

• Financial crime control failings - FCA publishes Final Notice