Events listed in information
TRANSITIENIEUWS – Rondetafelgesprek formalisering beoordelingsproces ...
ID 26027
On 2 October 2023, a roundtable discussion on buy-in/buy-out collective value transfers (CWOs) took place, involving representatives from nearly twenty insurers and pension funds along with DNB. The focus was on formalizing the assessment process for buy-in/buy-out CWOs due to an expected increase in buy-in/buy-out CWOs in the coming years. The discussion covered the reasons behind DNB’s intention and the methods to achieve it. ...
[ESAs JC Factsheet Sustainable Finance ] ESAs Joint Committee Sustainable Finance ...
ID 26009
The ESAs have collaboratively published an interactive factsheet to address common queries from consumers regarding sustainable finance. Aimed at individuals contemplating the acquisition of financial products with sustainability features, including loans, investments, insurances, and pensions, the factsheet provides valuable insights into how financial choices can impact a more sustainable future. It outlines four key tips for consumers: **assessing the importance of sustain ...
OCC Issues First and Second Quarter 2024 CRA Evaluation Schedule
ID 26008
The Office of the Comptroller of the Currency (OCC) has published a press statement announcing its Community Reinvestment Act (CRA) examination schedule for first quarter 2024 and second quarter 2024 banks evaluations. The attached file includes the list of affected institutions and the respective evaluation months.
Autumn Statement 2023
ID 26007
The Autumn Statement 2023 provides an overview of the UK government’s economic priorities and fiscal policies. The Prime Minister’s goals include halving inflation, growing the economy, and reducing debt. Inflation has decreased, the economy has recovered faster than expected, and debt is projected to fall as a percentage of GDP. The government aims to focus on reducing debt, cutting taxes, supporting businesses, promoting sustainable ...
Regulatory Initiatives Grid – November 2023
ID 26006
The Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA), the HM Treasury, the Pension Regulator (TPR), and other regulatory agencies have published an updated version of their regulatory initiatives grid which is typically published twice a year to keep market participants up-to-date on significant regulatory initiatives. Specifically, the grid shows important regulatory initiatives both in the short and medium term of ALL regulatory ...
Capital deduction for redress: personal investment firms [pdf]
ID 26002
Concurrent to the launch of a new consultation on the establishment of capital requirements of personal investment firms (PIFs) for (possible) future redress claims (EventID 24156), the Financial Conduct Authority (FCA) has published an open Dear CEO letter addressed at PIFs. In this letter, the FCA reminds personal investment firms of their obligations in relation to customer complaints and potential redress claims, including the ...
LCQ6: Cross-boundary Wealth Management Connect Scheme in the Guangdong-Hong ...
ID 25993
During a session of the Legislative Council on November 29, 2023, Mr. Christopher Hui, Secretary for Financial Services and the Treasury, provided *answers to a number of questions raised by Parliament members in connection with the announcement of upcoming enhancements to the Wealth Management Connect (WMC)* scheme to expand the list of eligible products that may be traded in the Guangdong-Hong Kong-Macao Greater Bay ...
Call for transition plan case studies
ID 25989
The Transition Plan Taskforce (TPT) has published a press statement in which it calls upon firms to submit transition plan case studies to the taskforce which represent real-world experiences, challenges faced, and strategies employed during the transition planning journey. Specifically, the TPT seeks examples of relevant disclosures extracted from existing transition plans and annual reports. These examples will serve as illustrations to guide others ...
Statistical Notice 2023/12
ID 25986
The Bank of England (BoE) has released a new Statistical Notice (2023/12) in relation to Form IPA and the proposed changes in the Form to migrate it to XBRL. Specifically, the new, adjusted form was announced to go live on December 7, 2023 (please see EventID 23395 in this context for more information). In this new notice now, the BoE states that it will ...
Iran: New consolidated version of Council Regulation (EU) No 267/2012 concerning ...
ID 25980
A new consolidated version of the Council Regulation (EU) No 267/2012 with respect to sanction measures against individuals and entities engaged in or supportive of Iran’s nuclear program or supportive of the Iranian government was published in the Official Journal (OJ) of the EU. The consolidated version contains the amendments made by Council Implementing Regulation (EU) 2023/2196 which modifies Annex VIII and Annex IX ...