FSA has updated its statement on CRD4 implementation. It notes the original implementation date has passed, with no sign of agreement at EU level on a final text. It says it will continue to prepare for implementation as best it can in the absence of the final form legislation and expects firms to do the same. It wants to start collecting data under Common Reporting for the period beginning 1 January 2014 if the legislation has been passed by then. (Source: FSA Updates on CRD4)