Thu. Sep 19th, 2019

Planet Compliance

Innovation & Regulation in Finance

FCA publishes regulation round-up January 2016

3 min read

The FCA has published its monthly e-mail to all regulated firms with an update on the latest news that affect the sector. The paper can be found here.

This month’s hot topics include:

Packaged Retail and Insurance-based Investment Products (PRIIPs) – The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation is a major piece of European legislation that applies directly to a range of different business models. The aim of the Regulation is to encourage efficiency in the EU by helping investors to better understand and compare the key features, risks, rewards and costs of different PRIIPs.

Online Dispute Resolution (ODR) platform – From 15 February 2016, the European Commission will make an online dispute resolution (ODR) platform available on their website, which will allow consumers who have a complaint about a product or service bought online to submit the complaint using the platform.

The topics by sector are:

Banks and building societies
New Bank start-up unit

CP: Mortgage Credit Directive: Minor changes to our rules and guidance

Mortgage Credit Directive (MCD)

Statement: EBA guidelines on remuneration policies

Senior Managers Regime: Grandfathering notification

CP: Technical changes to the Senior Managers Regime

The Single Euro Payments Area (SEPA) compliance

Investment managers and stockbrokers (retail and wholesale)

EU Benchmarks regulation

MiFID II: Implementation roundtable

Recovery and Resolution Directive (RRD)

CP: Loan-based crowdfunding platforms and segregation of client money

Financial advisers

New homepage for advisers

CP: Loan-based crowdfunding platforms and segregation of client money

Wealth managers and private bankers

MiFID II: Implementation roundtable

Recovery and Resolution Directive (RRD)

EU Benchmarks regulation

CP: Loan-based crowdfunding platforms and segregation of client money

Mortgage brokers

Mortgage Credit Directive (MCD)

CP: Mortgage Credit Directive: Minor changes to our rules and guidance

General insurance and insurers

Retirement income market data

Consumer credit

New consumer credit authorisation webpages

Credit unions
Senior Mangers Regime: Grandfathering notification

Credit unions’ services and products

 

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