This document sets out how the Overseas Funds Regime is intended to be opened to EEA funds authorised under the UCITS Directive, following the Government’s decision to grant equivalence in relation to those funds (excluding money-market funds).  The roadmap gives the key stages of the process, so that operators of EEA UCITS that wish to use the OFR as a gateway to the UK market can pre­pare.

FOS has published its latest complaints data, noting that the number of financial complaints received in H2 2023 rose by a fifth.  Credit card complaints reached an all-time high of 5,660 complaints in the last three months of 2023.  FOS also notes an increase in GI cases, particularly with regard to motor insurance. 

JMLSG is consulting on proposed amendments to sector 18 (wholesale markets) in Part II of its Guidance. Responses are required by 1 July 2024.

An updated MoU between the parties has now been pub­lished.

PSR is consulting on draft guidance setting out how it proposes to make decisions on whether to grant an extension or exemption to a specific direction or requirement.  Responses are required by 4 June 2024.