In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected for December 2019.

1 Dec
  • Commencement of PRA’s waiver by consent for continuity of access rules (including reporting requirements); the rules require firms to put in place systems to ensure eligible depositors have continued access to FSCS-covered deposits in resolution or insolvency (This waiver will expire on 1 December 2022.)
3 Dec
4 Dec
9 Dec
From 9 Dec
  • FCA Directory opens for submissions from FCA solo-regulated firms (firms that are not banks, building societies, credit unions, or insurers); solo-regulated firms have until 9 Dec 2020 to submit their information
10 Dec
11 Dec
  • Commission Delegated Regulations on conflicts of interest under European Social Entrepreneurship Fund (EuSEF) and the European Venture Capital Fund (EuVECA) Regulations apply
12 Dec
15 Dec
  • Cross-Border Payments Regulation applies; payment service providers (PSPs) required to apply same charges for cross-border payments as for equivalent national currency payments
16 Dec
18 Dec
27 Dec
31 Dec
Dec
By end of 2019