Regulation round-up December 2015

Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.

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Introduction: Deborah Jones, Director of Competition

Welcome to December's Regulation round-up. Our objective to promote effective competition is testament to how competitive markets drive value, innovation and quality. This is underscored by successive governments' commitments to enhancing competition, recognising its role in economic growth and consumer outcomes.

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Hot topic: Suitability of investment portfolios

Our recent thematic review found that wealth managers and private banks have made progress in demonstrating the suitability of their clients’ portfolios. This follows on from our earlier work in 2010 (which led to a Dear CEO letter) and 2012.

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Hot topic: Capital resources requirements for Personal Investment Firms (PIFs)

Our recent Policy Statement on capital resources requirements for personal investment firms (PIFs) replace and revoke the rules that were made by the FSA in 2009.

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In your sector…

Banks and building societies

PS: Cash savings remedies

Accountability: Enforcing the regimes

Speech: Personal accountability

Mortgage Credit Directive (MCD)

Mortgage Credit Directive (MCD) passporting

FSCS deposit guarantee

Payment Services Stakeholder Liaison Group

Accountability: Foreign branches

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Investment managers and stockbrokers (retail and wholesale)

TR: Controls over information flows

CP: MiFID II

MiFID II: Implementation roundtable

Improper delegation of authorised activities

Capital Resources Requirement (CRD IV)

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Financial advisers

Social investments call for input

TR: Suitability of investment portfolios

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Wealth managers and private bankers

TR: Suitability of investment portfolios

Improper delegation of authorised activities

CP: MiFID II

MiFID II: Implementation roundtable

TR: Controls over information flows

Capital Resources Requirement (CRD IV)

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Mortgage brokers

Mortgage Credit Directive (MCD)

Mortgage Credit Directive (MCD) passporting

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General insurance and insurers

CP: GI auto renewals

OP: Encouraging consumers to act at renewal: Evidence from field trials in the home and motor insurance markets

Mobile phone insurance follow-up

Accountability: Approved Persons Regime for insurers not subject to Solvency II

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Consumer credit

Webinar: Now you are authorised

Dear CEO letter to debt management firms

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Credit unions

FSCS deposit guarantee

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Read or download the full Regulation round-up: December 2015

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