BANKING

FCA policy statement on remuneration rules and guidance for CRD IV firms

The FCA has published a policy statement (PS17/10) containing amendments to its Handbook rules and guidance relating to the remuneration policies and practices of firms subject to the CRD IV Directive (2013/36/EU). PS17/10 also includes guidance on remuneration for CRD IV firms. Financial Conduct Authority, 3 May 2017

FCA policy statement on applying conduct rules to all NEDs in SM&CR and SIMR

The FCA has published a policy statement on applying the rules in its Code of Conduct sourcebook to all "standard" non-executive directors (NEDs) within the scope of the senior managers and certification regime (SM&CR) and the senior insurance managers regime (SIMR) (PS17/8). The new rules are part of the new accountability regimes introduced in March 2016 for banks and insurers. Financial Conduct Authority, 3 May 2017

FCA policy statement on guidance on enforcing duty of responsibility under SMR

The FCA has published a policy statement that contains final amendments to the Decision Procedure and Penalties manual to give guidance on how it will enforce the duty of responsibility under the senior managers regime (SMR) (PS17/9). Financial Conduct Authority, 3 May 2017

ECON report on FinTech

The European Parliament's Committee on Economic and Monetary Affairs (ECON) has published a report on FinTech and the influence of technology on the future of the financial sector. European Parliament's Committee on Economic and Monetary Affairs, 3 May 2017

 

FCA policy statement on whistleblowing rules for UK branches of overseas banks

The FCA has published a policy statement on whistleblowing in UK branches of overseas banks (PS17/7). Financial Conduct Authority, 3 May 2017

 

INVESTMENTS AND FUNDS

FCA reporting instructions for trading venues and investment firms submitting position reports under MiFID II

The FCA has published a document containing reporting instructions for trading venues and investment firms submitting position reports under the MiFID II Directive (2014/64/EU). Financial Conduct Authority, 3 May 2017

OECD report on investment governance and integration of environmental, social and governance factors

The OECD has published a report on investment governance and the integration of environmental, social and governance (ESG) factors. The report examines how pension funds, insurance companies and asset managers approach ESG risks and opportunities in their portfolio investments, and whether current investment governance standards in legal and regulatory frameworks encourage or discourage them from integrating ESG factors in investment decision-making. OECD, 2 May 2017