1 min read
Includes developments in relation to: non-financial misconduct; synthetic data; cryptoasset-backed ETNs; Consumer Duty; payment account terminations; solvent exit planning; MLD 4; MLRs; and British Steel Pension Scheme.
General
- Sexism in the City inquiry - Treasury Select Committee publishes report
- Use of synthetic data in financial services - FCA publishes report
- Cryptoasset-backed ETNs - FCA publishes statement on position for professional investors
- Consumers, markets and competitiveness - FCA publishes speech
- Increased award limits - announced by the FOS
Banking and Finance
- The Payment Services (Amendment) Regulations 2024 - HM Treasury publishes near-final draft statutory instrument and policy note
- The Payment Services and Payment Accounts (Contract Terminations) (Amendment) Regulations 2024 - HM Treasury publishes near-final draft statutory instrument and policy note
- Solvent exit planning for non-systemic banks and building societies - PRA publishes Policy Statement (PS5/24)
Insurance
- EU-wide strategic supervisory priorities for 2024-2026 - EIOPA publishes report
- The future of pensions - FCA publishes speech
Financial Crime
- MLD 4 - European Commission publishes report on implementation
- MLD 4 - European Commission adopts Commission Delegated Regulation amending the list of high-risk third countries
- Improving the effectiveness of the MLRs - HM Treasury launches consultation
Enforcement
- British Steel Pension Scheme - FCA fines financial advice firm and bans individuals for DB pension transfer advice and oversight failings