Financial Regulation Weekly Bulletin - 9 February 2023

Click on the headings below to access each section:

General

• G7 Cyber Expert Group - HM Treasury publishes Fundamental Elements series
• Misleading adverts - FCA publishes statement
• Implementing the Consumer Duty - FCA publishes Portfolio Letters
• Exemption for cryptoasset financial promotions - FCA publishes statement
• How to organise a COO - FCA publishes speech
• Use of synthetic data in financial services - FCA publishes Feedback Statement (FS23/1)
• Outsourcing and third-party risk management for FMIs - Bank of England publishes Policy Statement
• Climate scenarios - NGFS requests public feedback

Beyond Brexit

• Trends in financial sector regulation and potential implications for the EU - ECON publishes study

Banking and Finance

• SEPA Instant Credit Transfers - ECB publishes Opinion
• Mandatory reimbursement for APP scams - Treasury Committee publishes report on PSR’s proposals alongside related letters
• The digital pound - Bank of England and HM Treasury publish joint Consultation Paper
• The digital pound - Bank of England publishes speech
• APP scams reporting - PSR publishes Consultation Paper (CP23/1)

Securities and Markets

• DLT Pilot Regime Regulation - ESMA publishes updated Q&As

Asset Management

• Application of UCITS Directive - ESMA publishes updated Q&As
• Asset management supervision strategy - FCA publishes Portfolio Letter

Insurance

• Third country governance arrangements - EIOPA publishes Supervisory Statement
• Climate-related adaptation measures in non-life underwriting practices - EIOPA publishes report
• IDD - EIOPA publishes Consultation Paper on RTS adapting the base euro amounts for PII and financial capacity of intermediaries
• Liability-driven investment - House of Lords publishes recommendations
• Dealing with insurers in financial difficulties - PRA publishes Consultation Paper (CP3/23)
• Misleading redress offers - FCA publishes update on BSPS

Enforcement

• Unauthorised investment firm - FCA commences criminal proceedings