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.
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.
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)
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
Financial advisers
TR: Research and due diligence
Update to Retail Distribution Review (RDR) reporting requirements
Advising on P2P agreements
FCA: Live & Local
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
Mortgage brokers
FCA: Live & Local
Mortgage Credit Directive (MCD)
Consumer buy-to-let (CBTL)
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
Consumer credit
Consumer buy-to-let (CBTL)
Debt Management
Credit unions
There are no updates to report in the credit union sector this month.