Regulation round-up March 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: March 2016

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Introduction: Megan Butler, Director of Supervision

Welcome to the March edition of Regulation round-up. This month I would like to take the opportunity to talk about the new accountability regimes for banks and insurers, and the upcoming introduction of the Market Abuse Regulation.

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Hot topic: Financial Advice Market Review (FAMR)

On 14 March, the Treasury and FCA published the Financial Advice Market Review (FAMR), which looks at how financial advice can work better for consumers. The Review was co-chaired by Charles Roxburgh, Director General, Financial Services at HM Treasury and Tracey McDermott, acting CEO at the FCA.

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In your sector…

Banks and building societies

DP: Ageing population and financial services

FS: General insurance value measures

Senior Managers Regime (SMR)

Customer transactions

PS: Consequential changes to the SMR

CP: Payment Accounts Regulations

FG: FCA's approach to the implementation of ring-fencing and ring-fencing transfer schemes

Statement on compliance with EBA Guidelines on Sound Remuneration Policies

Mortgage Credit Directive (MCD)

Consumer buy-to-let (CBTL)

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Investment managers and stockbrokers (retail and wholesale)

Good practice in liquidity management

DP: CASS 7A

Deutsche Bank trader banned

Statement on compliance with EBA Guidelines on Sound Remuneration Policies

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Financial advisers

TR: Research and due diligence

Update to Retail Distribution Review (RDR) reporting requirements

Advising on P2P agreements

FCA: Live & Local

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Wealth managers and private bankers

TR: Research and due diligence

Update to Retail Distribution Review (RDR) reporting requirements

Good practice in liquidity management

DP: CASS 7A

Deutsche Bank trader banned

Statement on compliance with EBA Guidelines on Sound Remuneration Policies

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Mortgage brokers

FCA: Live & Local

Mortgage Credit Directive (MCD)

Consumer buy-to-let (CBTL)

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Insurers & insurance intermediaries

TR: Fair treatment of long-standing customers in the life insurance sector

Retirement Income Market Data

DP: Ageing population and financial services

FS: General insurance value measures

Senior Managers Regime

FCA: Live & Local

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Consumer credit

Consumer buy-to-let (CBTL)

Debt Management

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Credit unions

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

 

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

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