Regulation round-up July 2017

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: July 2017

Sign up to Regulation round-up monthly updates

Introduction: Christopher Woolard, Director of Strategy and Competition

Welcome to the July edition of Regulation Round-Up. I'd like to take this opportunity to highlight the interim report of our Retirement Outcomes Review . This is the first comprehensive study into how the retirement income market is changing since the pension freedoms. Our review focused on the 1 million pension pots that have been accessed since pension freedoms.

Read more

 

Hot topic: Asset Management Market Study

We have published the final report of our asset management market study. The final report follows the interim report published last year which found that price competition is weak in a number of areas of the industry. Despite a large number of firms operating in the market we found evidence of sustained, high profits over a number of years, based on our sample. We also found that investors are not always clear what the objectives of funds are, and fund performance is not always reported against an appropriate benchmark.

Read more

 

Hot topic: Advice Unit

We have announced the expansion of the scope of our Advice Unit so it will now take in firms developing automated advice models within the mortgage, general insurance and debt advice sectors. It will also now accept firms that want to provide guidance instead of regulated advice as well as firms not intending to seek authorisation.

Read more

In your sector…

Financial advisers

MiFID II: Policy Statement II and Consultation Paper VI

Investment platforms market study

Live and Local - October events now available

Read more

 

General insurance intermediaries and insurers

Consumer Contracts - first undertaking received under the Consumer Rights Act 2015

Live & Local general insurance events announced

Read more

 

Mortgage advisers and lenders

FG: Treatment of politically exposed persons (PEPs)

Read more

 

Banks and building societies

CP: EU Benchmarks Regulation

PCBS Customer Understanding

Webpage update: Packaged Bank Accounts

PSD2 consultation on authorisation and reporting forms published

Guidance on using league tables in client pitches  

Read more

 

Life insurance and pension providers

Retirement Outcome Review Interim Report

With-profits thematic review update

Investment platforms market study

Asset Management Market Study

Read more

 

Investment managers

CP: EU Benchmarks Regulation

MiFID II: Policy Statement II and Consultation Paper VI

CP: Asset management final report & remedies

Investment platforms market study

Read more

 

Wealth managers

CP: Asset Management Final report & remedies

MiFID II: Policy Statement II and Consultation Paper VI

Investment platforms market study

Read more

 

Consumer Credit

Live & Local regional events for regulated firms

Read more

 

Credit unions

FG: Treatment of politically exposed persons (PEPs)  

Read more

 

Fintech and innovative businesses

PSD2 consultation on authorisation and reporting forms published

Read more

 

News and publications

Annual Report and Accounts 2016/17

CP: Review of Effectiveness of Primary Markets: Premium Sovereign Listing Segment

Consumer Contracts - first undertaking received under the Consumer Rights Act 2015

FG: Treatment of politically exposed persons (PEPs)

Read more

 

Read or download the full Regulation round-up: July 2017

Sign up to Regulation round-up monthly updates