General
- Green Finance Strategy – BEIS publishes Policy Paper and regulators make joint declaration
- FCA Policy Statement PS19/19 - FCA regulated fees and levies 2019/20: Including feedback on CP19/18 and ‘made rules’
- Future funding - FOS publishes Consultation PaperOmbudsman News issue 148 - published by FOS
- Annual Report and 2019/20 Work Plan - published by UKRN
- Complaints against the FCA - Complaints Commissioner publishes two final reports
- AI in financial services – UK Finance and Microsoft publish report
- The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2019 (SI 2019/1067)
Brexit
- Legislation relevant to the UK’s exit from the EU - National Archives launch new services
Banking and Finance
- Innovation Hub – BIS approves establishment of innovation hub for central banks
- Implementation of TLAC Standard – FSB publishes review
- Landeskreditbank Baden-Württemberg - Förderbank v European Central Bank
- Market and counterparty credit risk – EBA publishes roadmap, Consultation Papers and data collection exercise
- Bank resolution – SRB publishes paper on its approach to the Public Interest Assessment
- Bank resolution – SRB publishes paper on its approach to the public interest assessment
- PSD2 and Strong Customer Authentication requirement - FCA publishes statement in response to EBA Opinion
- Regulating financial innovation – speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA
- Safeguarding customer funds for non-bank payment service providers – FCA publishes multi-firm review and ‘Dear CEO’ letter
- Access and governance report on payment systems – PSR publishes report
- Retail Banking Market Investigation Order 2017 - CMA publishes Decision to review Part 6
- SME banking undertakings - CMA publishes Directions to Barclays
- Access to payment account services - UK Finance publishes good practice Guidelines
- State Street Bank International v Banca d’Italia
Securities and Markets
- EU framework for the operation of crowdfunding platforms - Council of the EU agrees position
- Binary options offered to retail investors - ESMA does not renew production intervention measures
- CSDR - ESMA updates Q&As
- Contracts for difference offered to retail investors - FCA publishes Policy Statement PS19/18 and Statement in response to ESMA’s Opinion
- FCA Consultation Paper CP19/22: Prohibiting the sale to retail clients of investment products that reference cryptoassets
- EURBIOR - EMMI granted authorisation for administration by Belgian authority
- CSDR Penalties Framework - ECSDA publishes updated draft version
Insurance
- Insurance Supervision – IAIS publishes first public roadmap
- Outsourcing to cloud service providers – EIOPA publishes Consultation Paper
Financial Crime
- AML/CFT - FATF publishes report to G20 Leaders’ Summit
- FATF Recommendations and virtual assets - updated version published
- Insider dealing - two individuals sentenced to 3 years’ imprisonment respectively
Enforcement
- SFO DPA with Serco Geografix Ltd receives final approval
Contacts
Elizabeth Prentice (professional support lawyer)
