Financial Regulation Weekly Bulletin - 30 March 2023

Click on the headings below to access each section:

General

• Financial Services and Markets Bill - House of Lords conclude committee stage and revised legislation published
• Royal Mint non-fungible token - HM Treasury provides update
• 2023 Green Finance Strategy - published by UK Government
• The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 - Draft statutory instrument and explanatory memorandum published
• Future regulatory regime for ESG ratings providers - HM Treasury publishes Consultation Paper
• 2022 cyber stress test - PRA publishes letter on thematic findings
• Sustainability Disclosure Requirements and investment labels - FCA publishes update to Consultation Paper (CP22/20)
• Review of SMCR - PRA and FCA publish joint Discussion Paper (DP1/23 and DP23/3) and HM Treasury publishes call for evidence
• Nature-related Risk and Opportunity Management and Disclosure Framework - TNFD publishes final draft

Banking and Finance

• Supervisory shock scenarios under CRV IV - European Commission publishes Delegated Regulation amending draft RTS
• Assessing new market risk internal models under FRTB - EBA publishes Consultation Paper
• Retail risk indicators - EBA publishes report
• EU wide stress testing - EBA publishes speech
• Management of climate and environmental risks - ECB publishes speech
• Transforming data collection - Bank of England publishes update on programme

Securities and Markets

• MiFID II product governance rules - ESMA publishes final report
• Derivatives on fractions of shares - ESMA publishes statement
• EMIR - ESMA publishes Consultation Paper on amendments to guidelines on position calculation
• Copy trading services - ESMA publishes supervisory briefing
• Extension of exemptions for pension fund clearing and intragroup transactions - HM Treasury publishes guidance
• Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023 - Draft statutory instrument and explanatory memorandum published
• Capital markets ecosystem - FCA publishes speech
• Derivatives trading obligation - FCA publishes statement on application to certain credit default swaps

Insurance

• Nature-related risks and impacts - EIOPA publishes staff paper
• Risks facing the UK insurance sector - Bank of England publishes speech

Financial Crime

• Guidelines on risk-based AML/CFT supervision - EBA publishes Consultation Paper on extension of scope to cryptoasset service providers
• AML/CTF legislative proposals - ECON/LIBE adopt position
• The Economic Crime (Anti-Money Laundering) Levy (Amendment) Regulations 2023 - Statutory instrument and explanatory memorandum published
• Economic Crime - HM Treasury and the Home Office publish Economic Crime Plan 2
• Criminal Market Abuse Regime review - HM Treasury and FCA publish joint statement

Enforcement

• CRA Regulation - ESMA fines S&P for breaches and issues public notice