Coronavirus (Covid-19): delayed activities and regulatory change

In response to the coronavirus pandemic, we continue to review our work plans to delay or postpone activity that is not critical to protecting consumers and market integrity in the short term. Some workstreams are being stopped to enable us to focus on critical work.

Delaying or postponing certain activities also allows firms to focus on supporting their customers during this period.  

We are continuing with a number of regulatory changes, particularly those that support consumers, or where major long-term programmes would be disrupted.

We will continue to update this page when relevant. Our Regulatory Initiatives Grid also sets out the FCA’s planned activities. 

Delayed consultation papers and calls for input

Delayed consultation papers Date CP closes
CP19/32: Building operational resilience: Impact tolerances for important business services 1 October 2020
CP20/1: Introducing a Single Easy Access Rate for cash savings 15 December 2020
CP20/3: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations 1 October 2020
CP20/5: Consultation paper on ETF Listing: Premium to Standard Listing 1 October 2020
Delayed calls for input Date CFI closes
Open Finance 1 October 2020
Accessing and using wholesale data 7 January 2020

Delays to publications and other activity

Other delayed publications Publishing date
Consultation Paper: Mortgage switching TBC
Consultation Paper: Our approach to market integrity and wholesale markets TBC
Consultation Paper: Aligning our guidance on selective disclosures with case law TBC
CP following Duty of Care Feedback Statement  H2 2020
Consultation Paper: Effective competition in non-workplace pensions H1 2021
Consultation Paper: Investment platforms exit fees remedy 2021
Consultation Paper: Removing the minimum repayment amount from the manual repayment screen of credit card, store card and catalogue credit customers  TBC
GI Pricing Final report and Consultation Paper: Remedies 22 September 2020
Market Study: Credit information (interim report) 2021
Multi Firm Review: Operational change management TBC
Multi Firm Review: Wholesale Broker Remuneration On hold, resumption TBD 
Value Measures Pilot: General Insurance H2 2020
Directory of certified persons (due to be published on the Financial Services Register) H2 2020
FCA and Practitioner Panel Survey TBC
Assessing Suitability Review 2 On hold, resumption TBD 

Delayed implementation of rules

Delayed rules Implementation date
Policy Statement: Prohibiting the sale to retail clients of investment products that reference cryptoassets H1 2021
Policy Statement 19/21: Retirement Outcomes Review: feedback on CP19/5 and our final rules and guidance 1 February 2021
Policy Statement 19/29: Making transfers simpler – feedback to CP19/12 and final rules 1 February 2021
Policy Statement 18/20: Improving the quality of pension transfer advice (Pension Transfer Specialist qualifications only) 1 October 2021
Policy Statement: Introducing a Single Easy Access Rate for Cash Savings 2021
Policy Statement 20/03: Signposting to travel insurance for consumers with medical conditions TBC