Financial Regulation Weekly Bulletin - 4 August 2022

Click on the headings below to access each section:

General

• ESG ratings providers - European Commission publishes summary report of consultation responses
• ISSB Draft Sustainability Standards - BEIS publishes letter to International Sustainability Standards Board
• TCFD disclosures for listed companies - FCA and FRC find significant progress, but further improvement needed
• Appointed representatives regime - FCA publishes Policy Statement (PS22/11)

Banking and Finance

• Deposit Guarantee Schemes Directive - EBA consults on methods for calculating contributions
• Approach to remuneration - FCA publishes letter to Committee Chairs
• Mortgage switching - FCA publishes statement

Securities and Markets

• Addressing non-default losses - CPMI and IOSCO publish joint discussion paper on CCP practices
• MiFIR - ECON publishes draft report on proposed amending Regulation
• Pre-hedging - ESMA publishes call for evidence
• CSDR - ESMA updates Q&As on settlement discipline

Asset Management

• Disclosure, inducements and suitability rules - European Commission publishes final report
• IFR - EBA publishes Final Report on Guidelines on liquidity requirements exemption
• Financial promotion rules - FCA publishes Policy Statement (PS22/10) and Handbook rules for high-risk investments and firms approving financial promotions
• Long-Term Asset Fund - FCA publishes Consultation Paper (CP22/14) on broadening the retail distribution

Insurance

• Governance arrangements in third countries - EIOPA consults on draft supervisory statement
• Climate change risk scenarios - EIOPA publishes Application Guidance and Feedback Statement on Own Risk and Solvency Assessment
• Non-compliant pension transfer advice - FCA publishes Consultation Paper (CP22/15) on calculating redress