Events listed in Financial Services and Markets Act 2023
Smarter regulation and the regulatory landscape
ID 26571
The Department for Business and Trade has informed of the extension of its call for evidence on the effectiveness of UK regulation and regulators which was launched in October 2023 and which was about to close on January 7, 2024. The extension applies until January 17, 2024, inclusive. To recall, the call for evidence followed the publication of a position paper in May 2023, ...
The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations ...
ID 26375
The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 were recently published on legislation.gov.uk, the official journal of the United Kingdom. As noted in the title, the regulations make further consequential amendments to other regulations in an effort to transpose the provisions of the Financial Services and Markets Act 2023 and to repeal or replace EU retained law (REUL) so as to ...
The Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) ...
ID 26374
On December 19, 2023, the Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023 were published on legislation.gov.uk, the official UK website for the publication of legal documents. The regulations make targeted changes to retained EU legislation in relation to the capital requirements of small CRR firms and in relation to the third country benchmarks regime. Specifically, the regulations (1) ...
The Financial Services and Markets Act 2023 (Commencement No. 4 and Transitional ...
ID 26280
The Financial Services and Markets Act 2023 (Commencement No. 4 and Transitional Provisions) Regulations 2023 were recently published on legislation.gov.uk, the official UK website for the publication of legal documents. The regulations revoke numerous retained EU regulations, implement various provisions of the Financial Services and Markets Act 2023, and provide transitional phases for differing provisions of the Act and other regulatory measures. #### *Revocation ...
Financial Services Regulation: Measuring Success – Call for Proposals
ID 26160
The HM Treasury has published the consultation outcome on a „call for proposals“ launched earlier this year as regards measures to evaluate regulatory efficiency and the performance of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (EventID 21133). ##### Background To recall, in view of new powers provided to the Treasury via the Financial Services and Markets Act 2023 which enables ...
CP27/23 – The Prudential Regulation Authority’s approach to policy
ID 26139
Following a discussion paper in 2022 on its future approach to policy making (please see EventID 17460 in this context for more information), the Prudential Regulation Authority (PRA) has now published a follow-up consultation paper in this matter. The consultation paper builds upon the discussion paper in that it takes into account the feedback received by respondents and sets out a „final“ approach to ...
The Financial Services and Markets Act 2023 (Resolution of Central Counterparties: ...
ID 26102
On December 5, 2023, the new Financial Services and Markets Act 2023 (Resolution of Central Counterparties: Partial Property Transfers and Safeguarding of Protected Arrangements) Regulations 2023 (SI 2023/1316) were published on legislation.gov.uk, the official UK platform for publicizing legal documents. This statutory instrument is related to the implementation of a new special resolution regime for central counterparties (CCPs) outlined in [Schedule 11 of the ...
The Resolution of Central Counterparties (Modified Application of Corporate Law and ...
ID 26086
On December 5, 2023, the new Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (SI 2023/1313) were published on legislation.gov.uk, the official UK platform for publicizing legal documents. This statutory instrument is related to the implementation of a new special resolution regime for central counterparties (CCPs) outlined in [Schedule 11 of the Financial Services and Markets Act 2023 ...
CP23/27: Reforming the commodity derivatives regulatory framework
ID 26067
The FCA published the consultation paper CP23/27, titled „Reforming the commodity derivatives regulatory framework,“ presenting a set of proposals for overhauling the regulatory framework governing commodity derivatives in the UK. The primary focus areas include position limits, exemptions from those limits, position management controls, the reporting regime, and the ancillary activities test. The fundamental objective of these proposed reforms is to address the r ...
The Financial Services and Markets Act 2023 (Resolution of Central Counterparties: ...
ID 25733
The new Financial Services and Markets Act 2023 (Resolution of Central Counterparties: Deferment of Provisions in Resolution Instruments) Regulations 2023 were published on legislation.gov.uk, the online platform of the UK government for publicizing legal documents. The regulations relate to resolution instruments that the Bank of England (BoE) may apply in situations where a central counterparty is failing or likely to fail pursuant to the ...