Up next from FCA: FCA's latest Policy Development Update confirms the publications FCA expects to release. Before the end of June, it plans several policy statements on:

  • fees and levies and whistleblowing;
  • a partial response on its approach to non-executive directors in Solvency 2 firms and the presumption of liability on senior managers in banking firms, with more feedback due in July;
  • pension transfers and conversions and pension transfer rules;
  • guaranteed asset protection (GAP) insurance rules and a competition remedy;
  • client money rules for insurance intermediaries;
  • buy-to-let mortgages in the context of implementing the Mortgage Credit Directive;
  • improving complaints handling; and
  • changes to consumer credit rules and guidance.

It also plans consultation with PRA on the legacy Credit Unions Sourcebook and will feed back on the retail distribution regulatory capital requirements in either the second or third quarter of 2015. (Source:Policy Development Update No. 22)

FCA releases MAR guide: FCA has published a "one minute guide" to the Market Abuse Regulation (MAR). The guide briefly outlines MAR's objectives, what it will apply to, the key requirements and the timetable for its implementation. Alongside the guide, FCA is also hosting a MAR overview webinar. MAR will apply from 3 July 2016. (Source: One Minute Guide – Market Abuse Regulation)