Upcoming FinTech-related regulatory developments – February and March 2022

31 January 2022

In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in February and March 2022.

6 Feb	Deadline for responses to IOSCO CP on recommendations related to use of innovation facilitators
11 Feb	Closing date for comments on EBA DP on machine learning for IRB models
13 Feb	FATF Plenary and working group meetings, Paris
25 Feb	Deadline for responses to FMSB CP on draft statement of good practice for trading platform disclosures
4 Mar	Deadline for responses to ESMA CfE on DLT pilot regime
8 Mar	Deadline for responses to EBA CP on draft RTS on requirements for crowdfunding service providers
9 Mar	Deadline for responses to HMT CP on updating financial promotion exemptions for high net worth individuals, sophisticated investors and self-certified sophisticated investors
13 Mar	Deadline for responses to DWP consultation on the draft Pensions Dashboards Regulations 2022
14 Mar	FCA deadline for implementation of SCA for e-commerce
20 Mar	Deadline for responses to DCMS consultation on embedding standards and pathways across the cyber profession by 2025
23 Mar	Deadline for responses to FCA CP on strengthening financial promotion rules for high risk investments, including cryptoassets
26 Mar	Some amendments to the technical standards on SCA and CSC set out in FCA PS21/19 come into force (Articles 10, 10A and 36(6))
30 Mar	Cryptoasset exchange providers, e-money firms, other firms supervised under MLRs are brought within scope of FCA REP-CRIM reporting as per PS21/4
31 Mar	Extended end date of the temporary registration regime for cryptoasset firms which applied to the FCA before 16 Dec 2020 Implementation deadline for BoE, PRA and FCA operational resilience requirements Compliance deadline for PRA requirements on outsourcing and third party risk management

Table of abbreviations:

BoE	Bank of England	FRF	Future Regulatory Framework
CfE	Call for Evidence	HMT	HM Treasury
CP	Consultation Paper	IOSCO	International Organisation of Securities Commissions
CSC	Common and Secure Communications	MLRs	Money Laundering Regulations (UK)
DCMS	Department for Digital, Culture, Media & Sport	PERG	Perimeter Guidance Manual
DLT	Distributed Ledger Technology	PRA	Prudential Regulation Authority
DP	Discussion Paper	PS	Policy Statement
DWP	Department for Work and Pensions	REP-CRIM	Financial Crime Reporting
EBA	European Banking Authority	RTS	Regulatory Technical Standards
ESMA	European Securities and Markets Authority	SCA	Strong Customer Authentication
FCA	Financial Conduct Authority

Article tags

crowdfunding cryptoassets dlt opres outsourcing payments sca

Related categories

Crypto EU Fintech operational resilience outsourcing Regulatory UK

Key contacts

Nick Pantlin

Partner, Head of TMT & Digital UK & Europe, London

Alex Kay

Partner, London

Disclaimer

The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.

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