The Month Ahead In Financial Services Regulatory Developments... - Financial Services

In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation for August 2019.

1 Aug	Application of FCA new rules restricting the sale, marketing and distribution of contracts for difference (CFDs) to retail customers End of current European Securities and Markets Authority (ESMA) prohibition on marketing, distribution or sale of CFDs to retail clients Application of FCA general standards and communication rules to for the payment services and e-money sectors Deadline for responses to FCA DP19/2 on intergenerational differences Tulsi Naidu takes up role as Chair of the FCA Practitioner Panel Deadline for responses to Payment Systems Regulator (PSR) consultation on approach to assessing the profitability of card-acquiring services ESMA publishes systematic internaliser (SI) liquidity assessments for bonds
2 Aug	Baroness Manzoor takes up role as Chair of the Financial Ombudsman Service (FOS) Deadline for responses to European Banking Authority (EBA) consultation on draft Regulatory Technical Standards (RTS) on the Standardised Approach for Counterparty Credit Risk (SA-CCR) under the Capital Requirements Regulation (CRR2)
5 Aug	Deadline for responses to Department for Business, Energy and Industrial Strategy (BEIS) consultation on corporate transparency and register reform
7 Aug	FCA Asset Management Market Study: final rules and guidance on benchmarks for existing funds apply final rules on performance fees apply Deadline for responses to FCA consultation ( CP19/18) on overdraft market reform Deadline for responses to PRA consultation ( CP12/19) on changes to the prescribed responsibility for recovery plans and resolution packs under the Senior Managers and Certification Regime (SMCR) Deadline for responses to Financial Stability Board (FSB) consultation on small and medium sized enterprises (SMEs) financing evaluation
9 Aug	European Market Infrastructure Regulation (EMIR) clearing obligation for interest rate swaps denominated in some EEA currencies for remaining non-financial counterparties (NFCs) ( category 4) Deadline for responses to Basel Committee on Banking Supervision (BCBS) consultation on consolidated Basel framework
13 Aug	Deadline for responses to FOS consultation on proposals for its future funding
15 Aug	Deadline for responses to International Association of Insurance Supervisors (IAIS) consultation on revisions to the holistic framework for systemic risk in the insurance sector Deadline for responses to IAIS consultation on supervisory materials
21 Aug	Deadline for responses to PRA consultation ( CP11/19) on the transitional measure on technical provisions (TMTP) under Solvency II
23 Aug	Deadline for responses to European Payments Council (EPC) consultation on draft documents for submission to ISO 20022 – new servicing messages
25 Aug	Deadline for responses to HM Treasury consultation on regulation of pre-paid funeral plans
27 Aug	Deadline for responses to ESMA consultation on periodic reporting rules for trade repositories
28 Aug	Deadline for responses to FSB cyber incident response and recovery survey
29 Aug	FCA PPI complaints deadline
30 Aug	Deadline for responses to FCA call for input on a Cross-Sector Sandbox
Ends in Aug	Competition and Markets Authority (CMA) initial investigation into suspected anti-competitive arrangements in the financial services sector

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

UK: The Month Ahead In Financial Services Regulatory Developments...

Login to Mondaq.com

Why Register with Mondaq

Your Organisation