Financial Regulation Weekly Bulletin - 7 March 2024

Click on the headings below to access each section:

General

• Data and analytics strategy - Bank of England speech delivered
• Changes to Financial Promotion Order exemptions - SI made and FCA statement published
• Detailed proposals for reform of the listing rules - published by the FCA
• Wind-down planning - FCA publishes new webpage
• Bank of England’s approach to legal, ethical and staff compliance risks - NAO publishes report

Banking and Finance

• PSR and PSD3 - ECON publishes adopted texts
• Revised G-SIB assessment framework - BCBS launches consultation
• CRR - EBA launches consultation on off-balance sheet items under the standardised approach to credit risk

Securities and Markets

• Benchmarks Regulation - ECON votes to adopt draft report on proposed amending Regulation
• Private Intermittent Securities and Capital Exchange System (PISCES) - HM Treasury consults
• UK EMIR reporting requirements - FCA consults on Q&As

Asset Management

• Reserved investor fund - HM Treasury announces tax rules
• Asset management supervision strategy - FCA publishes portfolio letter

Insurance

• Legislative proposal for European Deposit Insurance Scheme - ECON publishes draft report
• Pension scheme asset disclosure and value for money framework - Chancellor announces reforms

Financial Crime

• The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 2 and Transitional Provision) Regulations 2024
• Sanctions and Anti-Money Laundering Act 2018 - Post-Legislative Scrutiny Memorandum: published
• AML framework failings - FCA publishes Dear CEO letter to Annex 1 firms

Enforcement

• Woodford Equity Income Fund redress - FCA provides update