BANKING

Banking Act 2009 (Service Providers to Payment Systems) Order

A draft copy of the Banking Act 2009 (Service Providers to Payment Systems) Order 2017 has been published on legislation.gov.uk. Legislation.gov.uk, 26 July 2017

Extending the senior managers and certification regime

Three consultation papers have been published by the FCA and the PRA in relation to extending the Senior Managers Regime to all FCA firms.

  • Individual accountability: extending the SM&CR to all FCA firms (FCA CP17/25)
  • Individual accountability: extending the SM&CR to insurers (FCA CP17/26)
  • Strengthening individual accountability in insurance: extension of SM&CR to insurers (PRA CP14/17)

FCA & PRA, July 2017

FCA appoints new Head of Department Scotland

The FCA has announced the appointment of Maggie Craig as Head of Department, Scotland. FCA, 26 July 2017

LEIROC consults on corporate actions and data history in global legal entity identifier system

The Legal Entity Identifier Regulatory Oversight Committee (LEIROC) has published a consultation paper on corporate actions and data history in the global legal entity identifier system (GLEIS). Leiroc, 26 July 2017

INVESTMENTS AND FUNDS

EC seeks feedback on interpretative communication on existing EU standards for treatment of cross-border intra-EU investments

The European Commission has published a roadmap in relation to an interpretative communication on the existing EU standards for the treatment of cross-border intra-EU investments. European Commission, 25 July 2017

ECB details approach to implementing FX global code of conduct

The European Central Bank has provided details of its approach to implementing the FX global code. ECB, 26 July 2017

GFXC recommendations related to the establishment of public registers

The Global Foreign Exchange Committee (GFXC) has published recommendations in relation to the establishment of public registers for FX global code statements of commitment. GFXC, 25 July 2017