Regulation Round Up

30 November

The Prudential Regulation Authority (“PRA”) published a statement[1] about its forthcoming policy statement on implementing the CRD V Directive ((EU) 2019/878).

HM Treasury updated its webpage[2] on a call for evidence relating to its review of Solvency II for insurance firms. The deadline for responding to the call for evidence has been extended to 19 February 2021.

27 November

The Financial Conduct Authority (“FCA”) has published Handbook Notice 82[3].

26 November

A draft version[4] of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2020 was published, together with a draft explanatory memorandum[5].

The FCA published a speech[6] by Jonathan Davidson, FCA Executive Director of Supervision: Retail and Authorisations, on the business of social purpose.

Commission Implementing Decision (EU) 2020/1766[7] on the temporary equivalence of the UK’s regulatory framework for central securities depositories under the Central Securities Depositories Regulation (909/2014) (“CSDR”) has been published in the Official Journal of the EU.

25 November

The Financial Markets Law Committee responded[8] to a call for evidence on UK’s future international regulatory co-operation strategy.

The House of Commons European Scrutiny Committee published its 29th report[9] of the 2019-21 session.

The Bank of England (“BoE”) announced[10] future changes to firms’ submission of statistical data.

Financial Services Compensation Scheme (“FSCS”) published its outlook newsletter[11] and provides an overview of the levy position.

City of London Corporation announced[12] the launch of a new Taskforce to improve socio-economic diversity in financial and professional services sectors.

The Bearer Certificates (Collective Investment Schemes) Regulations 2020 (SI 2020/1346)[13] were published, with an explanatory memorandum[14].

European Parliament adopted the first reading position on the proposed Directive[15] amending MiFID II Directive (EU/2014/65) (“MiFID II”).

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