Financial Regulation Weekly Bulletin - 23 June 2022

Click on the headings below to access each section:

General

• Vulnerable customers - FCA publishes webpage on firms’ progress towards embedding guidance in FG21/1
• Data strategy - FCA publishes update
• Innovation in ESG data and disclosures - FCA publishes evaluation paper of digital sandbox

Beyond Brexit

• The UK-EU relationship in financial services - The House of Lords European Affairs Committee publishes report
• Future parliamentary scrutiny of financial services regulations - House of Commons Treasury Committee publishes Report

Banking and Finance

• CRR - Commission Delegated Regulation amending RTS on calculation of credit risk adjustments published in OJ
• CMDI framework - Eurogroup publishes statement on the future of the banking union
• COVID-19-impacted data - EBA publishes four draft principles for banks
• PSD2 - EBA publishes reply to European Commission’s call for advice on review
• Buy now pay later products - HM Treasury publishes response to consultation paper
• Mortgage affordability test recommendation - Bank of England publishes FPC response to consultation
• Model risk management principles for banks - PRA publishes consultation paper (CP6/22)
• Barclays Partner Finance Applicants v The Financial Conduct Authority UKUT 00151 (TCC)

Securities and Markets

• Equivalence of China and Israel under EMIR - European Commission adopts two Implementing Decisions
• Market soundings - ESMA updates MAR Q&As
• Accessing and using wholesale data - FCA launches trade data review

Asset Management

• UCITS Directive and AIFMD - Council of EU publishes general approach on amendments
• ELTIF Regulation - ECON adopts report on proposed amending regulation

Insurance

• Solvency II - Council of the EU publishes general approach on amendments
• Non-affirmative cyber underwriting exposures - EIOPA publishes consultation paper
• Exclusions in insurance products arising from systemic events - EIOPA publishes consultation paper
• Funeral plan providers - FCA publishes update on authorisation status
• Signposting to travel insurance customers with medical conditions - FCA updates webpage on policy statement PS20/3

Financial Crime

• FATF Plenary meeting - FATF publishes outcomes
• Market abuse and market manipulation - FCA publishes update on work
• Suspicious activity report - NCA publishes updated guidance

Enforcement

• Financial crime control failings - FCA publishes Final Notice
• Insider dealing - FCA seeks re-trial of Stuart Bayes and Jonathan Swann
• AML controls failings - FCA publishes decision notice