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Showing 1 - 10 of 2186 matches filtered by 'Brexit'

  • PRA: CP16/21: Insurance business transfers

    28/07/2021
    PRA has set out proposed updates to its approach to insurance business transfers, to reflect legislative changes following Brexit and the... completion of the transition period. It also provides additional guidance for independent experts and firms on the regulator’s expectations. Responses are required by 28 October 2021.
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  • FCA: Business Plan 2021/22

    15/07/2021
    The Business Plan sets out the key areas of focus for the FCA in the coming year. These include: financial... promotions; the new consumer duty; pensions advice; action on scams; LIBOR transition; post-Brexit developments and ESG. FCA has also announced that it will begin a review of aspects of the rules on the scope and coverage of FSCS payouts for specific regulated activities and will be consulting on changes to the RDC’s role with the aim of streamlining decision making on authorisation applications and specific supervisory and enforcement decisions.
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  • The Financial Markets and Insolvency (Transitional Provision) (EU Exit) (Amendment) Regulations 2021/782

    30/06/2021
    The SI amends a temporary designation regime relating to the Financial Markets and Insolvency (Settlement Finality) Regulations 1999/2979. Temporary designation is... being extended by a further two years in a case where a system operator notified the designating authority before IP completion day but does not make an application under s3(1) of the 1999 Regulations within the six month period that began on IP completion day. (Date in force: 1 July 2021)
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  • EC: Speech by Mairead McGuinness: The EU's financial services strategy

    23/06/2021
    Text of Mairead McGuinness’ speech of 22 June 2021 follows in which she discusses the EU’s priorities, which include completing the... CMU, supervisory convergence and sustainable finance. She also discusses the post-Brexit environment with regard to financial services, stating “once the MoU is formally concluded, we will have to consider whether we can resume our financial services equivalence assessments. When we do resume our assessments, we would do so gradually, and on a case-by-case basis, taking into account the UK’s regulatory intentions and of course the EU’s interest”.
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  • FCA: Speech by Nikhil Rathi: Building a regulatory environment for the future

    22/06/2021
    Text of Nikhil Rathi’s speech of 22 June 2021 follows, in which he discusses post-Brexit regulation in the UK and FCA’s... part in international regulatory discussions.
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  • HoC: The UK-EU trade deal: financial services

    22/06/2021
    This HoC Library briefing describes the provisions of the deal with regard to financial services.
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  • EC: Speech by Maroš Šefčovič

    21/06/2021
    Text of Maroš Šefčovič’s speech of 18 June 2021 on the impact of Brexit follows..
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  • Taskforce on Innovation Growth and Regulatory Reform: Report

    16/06/2021
    The Taskforce convened by the Prime Minister in February 2021 has delivered its report. Proposals on financial services on investment... reform include: reforming pensions and insurance regulation (including Solvency II); restoring a common law principles based approach to financial regulation; delivering a regulatory framework supporting UK leadership in fintech; reforming disclosure and transparency requirements (with particular reference to MiFID, MAR and PRIIPs). Boris Johnson has welcomed the report.
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  • EC: Speech by Mairead McGuinness

    15/06/2021
    Text of Mairead McGuinness’ speech of 15 June 2021 on the impact of Brexit follows.
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  • PRA: Statement on firm authorisation under the Temporary Permissions Regime

    14/06/2021
    PRA's statement explains its procedure with regard to authorisation under the TPR. It concludes that some firms may receive an... authorisation application outcome ahead of others and that the timing of authorisation should not be taken as an indication of the regulator’s view of risks at individual institutions.
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