LEI ROC update on LEI system developments

The Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier (LEI) system published an update on developments in the LEI system.

ROC, 13 January 2017


HM Government has opened a consultation on the reform of corporate fraud, money laundering and false accounting

A consultation on the reform of corporate fraud, money laundering and false accounting. The call for evidence seeks views on whether further reform is needed to combat corporate criminality. Evidence due by March 24 2017.

HM Government, 13 January 2017


Joint PRA and FCA consultation on 2017/18 management expenses levy limit for FSCS

The FCA and PRA have issued a joint consultation paper on the management expenses levy limit for the Financial Services Compensation Scheme for 2017/18. The proposed levy limit of £74.54 million would apply from 1 April 2017 to 31 March 2018.

PRA and FCA, 16 January 2017


FSCS plan and budget for 2017/18

The Financial Services Compensation Scheme has published its plan and budget for 2017/18, which provides the FSCS' early assumptions about future claims and indicative estimates of its levies on financial services firms for the coming financial year.

FSCS, 17 January 2017


PRA Rulebook Administration Instrument 2017

The PRA has published the PRA Rulebook: Administration Instrument 2017, which makes minor amendments to the Audit Committee Part, the Remuneration Part, the Notifications Part, the Ring-Fenced Bodies Part and the Fitness and Propriety Part.

PRA, 16 January 2017

Delegated Regulation on RTS on data waiver permissions under CRR published in OJ

The Official Journal of the EU has published the Commission Delegated Regulation supplementing the Capital Requirements Regulation with regard to regulatory technical standards specifying conditions for data waiver permissions.

Official Journal of the EU, 16 January 2017


PRA policy statement on increasing deposit protection limit

A policy statement has been issued by the PRA on its proposals to increase the deposit protection limit provided by the Financial Services Compensation Scheme to £85,000. The PRA decided to increase the limit from £75,000 to £85,000 in order to reflect currency fluctuations that occurred following the UK's referendum vote to leave the EU.

PRA, 16 January 2017



EIOPA publishes Q&As on Solvency II ITS

The EIOPA has issued new sets of questions and answers on implementing technical standards under Solvency II.

EIOPA, 16 January 2017


EIOPA welcomes EU/US covered agreement

EIOPA has released a press release welcoming the EU/US covered agreement on insurance and reinsurance measures.

EIOPA, 16 January 2017



ESMA briefing on MiFID II technical data reporting requirements

ESMA published a briefing paper summarising technical data reporting requirements under the Markets in Financial Instruments Regulation.

ESMA, 13 January 2017


FCA guide to applications and notifications under MiFID II

The FCA has published a MiFID II application and notification user guide, addressing applications for new authorisation as investment firms or data reporting service providers (DRSPs), recognition of investment exchanges, variation of permission (VoPs) and change of legal status, and notifications to provide the FCA with regulatory information from firms, recognised investment exchanges (RIEs) and others, including passport notifications.

FCA, 13 January 2017