22 Sep 2023

Financial Regulation Weekly Bulletin - 21 September 2023

Includes developments in relation to: Consumer Duty; cryptoassets; financial promotion; NIS 2; transition finance; CCD II; debanking; APP scams; Solvency II; and the Travel Rule.

Click on the headings below to access each section:


  • 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


  • 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


  • 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


This material is provided for general information only. It does not constitute legal or other professional advice.

Contact Information
Selmin Hakki
PSL Counsel at Slaughter and May