We are setting out the planned regulatory initiatives for the next 24 months.
This Grid from the Financial Services Regulatory Initiatives Forum sets out the regulatory pipeline. This is so the financial services industry and other stakeholders can understand – and plan for – the timing of the initiatives that may have a significant operational impact on them.
The Financial Services Regulatory Initiatives Forum
This forum was launched to strengthen coordination between members. It is made up of representatives of the Bank of England, Financial Conduct Authority, Prudential Regulation Authority, Payment Systems Regulator, the Competition and Markets Authority, the Information Commissioner’s Office and The Pensions Regulator. HM Treasury is an observer member.
Updating the Grid
We publish this Grid at least twice a year to help manage the operational impact on firms of implementing initiatives from the Forum members.
This will help in any environment. But it was especially necessary during the start of the coronavirus (Covid-19) crisis when we published the first edition in May 2020. The Forum members worked closely with firms to coordinate their response and part of this was to cancel or delay several initiatives to reduce operational burdens on firms.
Now, in this September update, we begin to establish a more typical forward-look for users, while keeping in mind the operational disruption still facing the industry.
We have received a range of helpful suggestions on the grid – some of which we have already implemented. In this updated version of the Grid , we include our plans in response to your feedback so far.
Next steps – give us your feedback
The Grid provides detail on the timing of initiatives over a 24 month horizon. This is a one-year pilot exercise, which will finish in Spring 2021.
We want to continue to make the Grid as useful as possible. So, we strongly encourage you to keep engaging with it and let us know how we can develop it: [email protected].
07/05/2020: Information added Updated Grid added 16:55 7 May 2020