Financial Regulation Weekly Bulletin – 28 September 2023

Includes developments in relation to: appointed representative regime; D&I; DORA; responsible banking; environmental risks; SFDR; ring-fencing regime; Basel 3.1; consumer credit; CRR; financial promotions; AIFMD II; Solvency II; BSPS redress scheme; and APP fraud.

Click on the headings below to access each section:


  • Data challenges in cross-border payments - FSB publishes report

  • Appointed representative regime - FCA publishes webpage on use of data

  • Diversity and inclusion in the financial sector - FCA and PRA launch consultations

  • DORA - ESAs publish report on the landscape of ICT third-party providers


  • Responsible Banking Principles - UNEP FI publishes progress report

  • Prudential treatment of environmental and social risks - ESRB publishes advice

  • SFDR - ESAs publish report on the extent of voluntary disclosure of principal adverse impacts

Banking and Finance

  • Standardised information requirements to support sales of NPLs - European Commission adopts Implementing Regulation

  • EBA launches 2023 EU-wide transparency exercise

  • Alignment of ring-fencing and resolution regimes - HM Treasury publishes response to Call for Evidence

  • Near-term reforms of the ring-fencing regime - HM Treasury launches consultation

  • Basel 3.1 standards - PRA adjusts UK implementation date

  • Capitalising FX exposures for market risk - PRA publishes consultation (CP17/23)

  • Risks from third-country subsidiaries and branches - PRA consults on ring-fencing regime (CP20/23)

  • Consumer credit product sales data reporting - FCA launches consultation (CP23/21)

  • Supervisory priorities for corporate finance firms - FCA publishes portfolio letter

  • Diversified indices under the CRR - Commission Implementing Regulation published in OJEU

Securities and Markets

  • Annual Work Programme 2024 - Published by ESMA

Asset Management

  • Financial promotions for high-risk investments - FCA publishes multi-firm review findings

  • AIFMD II - European Parliament updates procedure file


  • Solvency II and matching adjustment reforms - PRA publishes Consultation Paper (CP19/23)

  • BSPS consumer redress scheme - Reporting guide published by FCA

Financial Crime

  • Tackling APP fraud - City of London Corporation and FCA launch joint data project


  • Pension transfer advice failings - FCA takes action against two individuals


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