In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected for February 2020:
| 1 – 2 Feb | G20 Digital Economy Task Force meeting in Riyadh |
| 2 Feb | National competent authorities (NCAs) to publish information about fees and charges under the Directive and Regulation on cross-border distribution of investment funds |
| 3 Feb | G20 Cybersecurity Dialogue in Riyadh |
| 5 Feb | Deadline for responses to the International Association of Insurance Supervisors’ (IAIS) draft issues paper on the implementation of the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations |
| 6 Feb | Deadline for responses to FCA consultation paper (CP19/33) quarterly consultation regarding:
o Chap 2: claims against appointed representatives and principals o Chap 4: amendments to listing rules to include requirement mandating disclosure of rights attached to securities o Chap 5: changes relating to pension guidance o Chap 6: definition of 'payment account' in the Perimeter Guidance Manual (PERG) Deadline for responses to the Working Group on Sterling Risk-Free Reference Rates (WGRFR) CP on credit adjustment spread methodologies for fallbacks in cash products referencing GBP LIBOR Deadline for responses to Basel Committee on Banking Supervision (BCBS) CP on guidelines on interaction and cooperation between prudential and AML/CFT supervision |
| 10 Feb | Deadline for responses to FCA letter to major banks requesting evidence of overdraft pricing decisions |
| 13 Feb | Deadline for responses to European Banking Authority (EBA) CP on amendments to standards on benchmarking of internal models
Deadline for responses to EBA CP on draft amended Regulatory Technical Standards (RTS) and Implementing Technical Standards ITS on passport notifications under the Capital Requirements Directive IV (CRD IV) |
| 14 Feb | Deadline for responses to the BCBS CPs on voluntary disclosure of sovereign exposures and revised disclosure requirements related to market risk framework |
| 16 Feb | Deadline for responses to the International Organization of Securities Commissions (IOSCO) CP on conflicts of interest and associated conduct risks during debt capital raising |
| 16 – 21 Feb | Financial Action Task Force (FATF) Plenary and working group meetings in Paris |
| 17 Feb | Deadline for responses to joint FCA CP20/2 and PRA CP1/20 on the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2020/21
Deadline for responses to European Central Bank (ECB) consultation on a draft guideline on the definition of the materiality threshold for credit obligations past due for less significant institutions (LSIs) |
| 19 Feb | Deadline for responses to EBA CP on revised standards to identify staff with a material impact on institution's risk profile |
| 20 Feb | New polymer £20 note to be introduced |
| 20 – 21 Feb | G20 Finance and Central Bank Deputies meeting in Riyadh |
| 21 Feb | Deadline for applications to participate in FCA/BoE Artificial Intelligence Public-Private Forum (AIPPF)
Deadline for responses to FCA technical consultation on the Fifth Money Laundering Directive (5MLD) and the expansion of the Trust Registration Service (TRS) EBA public hearing on DP on long term changes for the EU-wide stress test framework |
| 22 – 23 Feb | G20 Finance and Central Bank Governors meeting in Riyadh |
| 25 Feb | Deadline for responses to BCBS CP on targeted final revisions to Credit Valuation Adjustment (CVA) risk |
| 27 Feb | FCA board meeting
Deadline for feedback on the EU Commission inception impact assessment on the revision of the Non-Financial Reporting Directive (revision will include reporting on environmental, social and governance (ESG) matters |
| 28 Feb | Deadline for responses to FCA CP19/31 Extending the Senior Managers Regime (SMR) to benchmark administrators |
| By 28 Feb | The European Insurance and Occupational Pensions Authority (EIOPA) to announce successful research proposals addressing questions related to a number of topics including investment allocations by insurers and pension funds |
| Feb | FCA Data Reference Guide for mortgage reporting requirements expected
EIOPA to prepare report on application of IDD FATF to make amendments to digital ID systems guidance IOSCO to publish final report on issues, risks and regulatory considerations relating to cryptoasset trading platforms |
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.