A large part of our work is to implement, supervise and enforce EU and international standards and regulations in the UK.
Our participation in European and global discussions
We engage regularly with a wide range of European and international counterparts and stakeholders, both bilaterally and in multilateral forums. This is to:
- enhance cooperation
- share best practice and
- discuss issues of common interest
EU and international regulatory policy and standards, and their implementation, supervision and enforcement in the UK, are integral to our remit. We work to achieve effective, proportionate and consistent European and international standards in relation to issues within our remit. These issues include conduct, consumer protection, market integrity, competition and relevant prudential issues.
We engage proactively with our counterparts in the EU, with EU institutions and in the work of the European Supervisory Authorities (ESAs). As the UK representative at the European Securities and Markets Authority (ESMA), we participate actively in a wide range of groups developing policy and regulatory rules. We also chair a number of ESMA committees and taskforces, such as:
- the Investor Protection and Intermediaries Standing Committee
- the Commodities Derivatives Task Force
Our Chief Executive is a member of ESMA’s Board of Supervisors.
We contribute to the work of the European Banking Authority (EBA), and the European Insurance and Occupational Pensions Authority (EIOPA) on issues within our competency. We contribute also to the consumer protection and financial innovation groups of all 3 ESAs. We engage with the European Systemic Risk Board (ESRB).
We devote significant time and resources to international engagement, to the work of global standard setters and other global bodies.
We are a member of :
- the International Organisation of Securities Commissions, and
- the International Association of Insurance Supervisors
In addition, we are a member of the International Financial Consumer Protection Organisation (FinCoNet) and we participate in certain workstreams of the Organisation for Economic Co-operation and Development (OECD).
Other supervisors or regulators can contact us here.