Financial Regulation Weekly Bulletin - 21 September 2023

Click on the headings below to access each section:

General

• Growth and competitiveness objective – PRA publishes speech
• Funeral plans sector priorities - FCA publishes portfolio letter
• Cryptoasset financial promotion regime – FCA publishes letter
• NIS 2 – guidelines published in OJEU

Sustainability

• Nature-related financial disclosures – TNFD publishes recommendations
• Transition finance strategies – GFANZ publishes consultation

Beyond Brexit

• The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2023 (SI 2023/1018) – Statutory Instrument published
• Temporary marketing permissions regime – FCA publishes new webpage

Banking and Finance

• Consumer Credit Directive II – Council of the European Union publishes text of proposed Directive

• Supervision of bank culture – ECB publishes speech

• Bank account access and closures – FCA publishes report and letter

• APP scams – PSR publishes Consultation Paper

• Equity release mortgage advertising – ASA publishes ruling

Securities and Markets

• Central counterparty resolution – FSB publishes consultation report

Insurance

• Cyber insurance and SMEs – EIOPA publishes survey
• Solvency II regime – PRA publishes speech
• Fair value for general insurance – FCA publishes value measures data and Dear CEO letters
• R (Assurant General Insurance Ltd) v Financial Ombudsman Service Ltd and others, [2023] EWCA Civ 1049

Financial Crime

• Cryptoasset transfers and the Travel Rule – JMLSG announces HM Treasury approval