3 May 2016

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PRA proposes reporting requirements for non-Solvency II insurance firms

The PRA today published a consultation paper on Reporting requirements for non-Solvency II insurance firms – CP18/16. This consultation paper (CP) sets out proposals for new reporting rules in the Prudential Regulation Authority (PRA) Rulebook that would apply to insurance firms that are outside the scope of Solvency II from 1 January 2016. Collectively, these firms are referred to as non-directive firms …

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PRA publishes April regulatory digest

The Prudential Regulation Authority (PRA) today published a regulatory digest for the month of March. The digest is for people interested in the UK financial services industry and highlights key regulatory news and publications delivered for the month. This months top news and publications include: Appointment of new Deputy Governor for Prudential Regulation Solvency II: Remuneration requirements – CP13/16 Financial Conduct Authority and Prudential Regulation Authority jointly publish …

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Industry comments on ESMA draft for RTS under Securities Financing Transaction Regulation

The European Securities and Markets Authority (ESMA) has published the responses received to the Discussion Paper on draft RTS and ITS under the Securities Financing Transaction Regulation (SFTR). The SFTR, published in December 2015, is the European Union’s response to the global initiative to bring more transparency to shadow banking activities. The new rules on …

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