Regulation round-up February 2016

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

Read or download the full Regulation round-up: February 2016

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Introduction: Andrew Whyte, Director of Communications

Welcome to February's edition of Regulation round-up. This month I am delighted to announce the launch of ‘FCA: Live & Local’, our regional engagement programme.

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Hot topic: Senior Managers & Certification Regime

On 7 March 2016, new rules will come into force to strengthen individual’s accountability in the banking sector and insurance sector. The rules aim to restore trust in financial services firms. They include the Senior Managers Regime, the Certification Regime and Conduct Rules for deposit takers, and the Senior Insurance Managers Regime for insurance companies.

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In your sector…

Banks and building societies

EU Benchmarks Regulation

PS: Fair, reasonable and non-discriminatory access to regulated benchmarks

CP: Extension of the Certification Regime to wholesale market activities

SMR: Statement on general counsels

CP: Innovative Finance ISA (IFISA)

Call for Input: The FCA’s approach to the current payment services regime

PS: Strengthening accountability in banking

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Investment managers and stockbrokers (retail and wholesale)

PS: UCITS V

Speech: Independence, confidence and fairness

Recovery and Resolution Directive (RRD)

PS: Fair, reasonable and non-discriminatory access to regulated benchmarks

European Commission proposes extending MiFID II application date by one year

Handbook: updates to IPRU-INV and EG

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Financial advisers

EU Benchmarks Regulation

CP: Innovative Finance ISA (IFISA)

European Commission proposes extending MiFID II application date by one year

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Wealth managers and private bankers

PS: UCITS V

Speech: Independence, confidence and fairness

Recovery and Resolution Directive (RRD)

PS: Fair, reasonable and non-discriminatory access to regulated benchmarks

European Commission proposes extending MiFID II application date by one year

Handbook: updates to IPRU-INV and EG   

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Mortgage brokers

EU Benchmarks Regulation

Self-cert mortgages from firms not based in the UK

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General insurance and insurers

There are no updates to report in the Insurance sector this month.

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Consumer credit

EU Benchmarks Regulation

Call for input: review of the Consumer Credit Act retained provisions

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Credit unions

PS: Reform of the Legacy Credit Unions

PS: Strengthening accountability in banking

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Read or download the full Regulation round-up: January 2016

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