Regulation round-up January 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: January 2016

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Introduction: Mark Steward, Director of Enforcement and Market Oversight

Welcome to January's edition of Regulation round-up. Many people will have read about the recently published HBOS Report which was concerned with the reasons for the failure of HBOS and, in a separate section written by Andrew Green QC, the responses of the Financial Services Authority (FSA) to the failure, including the enforcement investigations that were carried out.

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Hot topic: Packaged Retail and Insurance-based Investment Products (PRIIPs)

The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation is a major piece of European legislation that applies directly to a range of different business models. The aim of the Regulation is to encourage efficiency in the EU by helping investors to better understand and compare the key features, risks, rewards and costs of different PRIIPs.

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Hot topic: Online Dispute Resolution (ODR) platform

From 15 February 2016, the European Commission will make an online dispute resolution (ODR) platform available on their website, which will allow consumers who have a complaint about a product or service bought online to submit the complaint using the platform.

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In your sector…

Banks and building societies

New Bank start-up unit

CP: Mortgage Credit Directive: Minor changes to our rules and guidance

Mortgage Credit Directive (MCD)

Statement: EBA guidelines on remuneration policies

Senior Managers Regime: Grandfathering notification

CP: Technical changes to the Senior Managers Regime

The Single Euro Payments Area (SEPA) compliance

EU Benchmarks regulation

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Investment managers and stockbrokers (retail and wholesale)

EU Benchmarks regulation

MiFID II: Implementation roundtable

Recovery and Resolution Directive (RRD)

CP: Loan-based crowdfunding platforms and segregation of client money

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Financial advisers

New homepage for advisers

CP: Loan-based crowdfunding platforms and segregation of client money

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Wealth managers and private bankers

MiFID II: Implementation roundtable

Recovery and Resolution Directive (RRD)

EU Benchmarks regulation

CP: Loan-based crowdfunding platforms and segregation of client money

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Mortgage brokers

Mortgage Credit Directive (MCD)

CP: Mortgage Credit Directive: Minor changes to our rules and guidance

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General insurance and insurers

Retirement income market data

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Consumer credit

New consumer credit authorisation webpages

EU Benchmarks regulation

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Credit unions

Senior Mangers Regime: Grandfathering notification

Credit unions' services and products

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

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