05 May 2023

Financial Regulation Weekly Bulletin - 4 May 2023

Includes developments in relation to: PRA Business Plan 2023/34; the Future financial services regulatory regime for cryptoassets; the Listing Regime; equity secondary markets; and the fraud strategy.

Click on the headings below to access each section:


  • PRA Business Plan 2023/24 - strategy, priorities, and budget
  • A new baseline financial resilience regulatory return - FCA publishes Policy Statement (PS23/3) and Consultation Paper (CP23/9**)
  • Whistleblowing - FCA publishes qualitative assessment survey
  • Annual Report and workplan - published by the DRCF
  • Future financial services regulatory regime for cryptoassets - IRSG publishes memorandum in response to HM Treasury Consultation Paper and Call for Evidence

Banking and Finance

  • Signposting tool for supervisory reporting - EBA publishes statement –
  • CRD IV - EBA publishes report on convergence of supervisory practices
  • Mutual sector - PRA publishes speech
  • PSR regulatory fees - PSR publishes Policy Statement

Securities and Markets

  • EMIR - ESMA updates third country CCP recognition decision
  • MiFID II and MiFIR - annual transparency calculations - ESMA publishes results
  • Euro Risk-Free Rates - Working Group on Euro Risk-Free Rates publishes Guidance for corporate lending products
  • EMIR 3 - ECB publishes opinion
  • Listing regime - FCA publishes Consultation Paper (CP23/10***) on effectiveness of UK primary markets
  • Equity secondary markets - FCA publishes Policy Statement (PS23/4)


  • Role of insurance supervisors on natural catastrophe protection gaps - IAIS publishes statement
  • Accepting pension transfer referrals from overseas advisers - FCA publishes new webpage

Financial Crime

  • Fraud Strategy - published by Home Office


  • Approach to enforcement - Bank of England and PRA publish Consultation Paper (CP9/23) to provide greater clarity on powers and processes


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
Sarah Redlich
Practice Development Lawyer at Slaughter and May