August 2020: The month ahead in financial services regulatory developments…

29 July 2020

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 August 2020.

3 Aug	Bank of England (BoE) to publish Sterling Overnight Index Average (SONIA) Compound Index
3 Aug	Deadline for responses to European Securities and Markets Authority (ESMA) call for evidence on availability and use of credit rating information and data
4 Aug	Deadline for relevant firms to respond to FCA Dear CEO letter regarding use of title transfer collateral agreements (TTCAs)
5 Aug	Deadline for responses to European Banking Authority (EBA) consultation on update to methodology to identify Global Systemically Important Institutions (G-SIIs)
6 Aug	Publication of record of Bank of England Financial Policy Committee (FPC) 29 July meeting
10 Aug	Deadline for responses to Her Majesty's Revenue and Customs (HMRC) consultation on Draft regulations: amendment to the Bank Levy rules on deductions for certain loss absorbing instruments
11 Aug	Deadline for responses to HM Treasury (HMT) consultation on transposition of the revised Bank Recovery and Resolution Directive (BRRD II) Deadline for responses to Tribunal Procedure Committee consultation on possible changes to the General Regulatory Chamber Rules in relation to withdrawals of appeals (relevant for Information Commissioner's Office's (ICO) and The Pensions Regulator (TPR)) Deadline for responses to Commission roadmap consultation on the new consumer agenda
13 Aug	Deadline for responses to Ministry of Justice (MoJ) consultation on departing from retained EU case law by UK Deadline for responses to Department of Business, Energy and Industrial Strategy (BEIS) consultation on UK internal market: policy options proposals
15 Aug	Deadline for responses to EBA consultation on regulatory technical standards (RTS) on contractual recognition of stay powers under the Bank Recovery and Resolution Directive (BRRD)
18 Aug	Date by which FCA’s extended Covid-19-related temporary guidance for insurance and premium finance will come into force
19 Aug	Deadline for responses to HMT consultation on tax treatment of asset-holding companies in alternative fund structures
20 Aug	Deadline for response to HMT consultation on updating the UK’s Prudential Regime before the end of the Transition Period Deadline for responses to Commission consultation on Adapting to climate change – EU strategy
21 Aug	Deadline for responses to HMT-UK Statistics Authority (UKSA) joint consultation on Retail Price Index (RPI) changes Deadline for responses to Fixed Income, Currencies and Commodities (FICC) Markets Standards Board (FMSB) statement of good practice on algorithmic trading for FICC market
23 Aug	Deadline for responses to Basel Committee on Banking Supervision (BCBS) technical amendment on capital treatment of securitisations of non-performing loans
26 Aug	Deadline for responses to Commission consultation on inception impact assessment on the Solvency II review Deadline for responses to the Commission’s anti-money laundering/combating the financing of terrorism (AML/CTF) Action Plan
27 Aug	G20 Climate Stewardship Working Group outcomes workshop, Virtual
28 Aug	Deadline for responses to HMRC consultation on tax issues arising from reform of London Inter-bank Offered Rate (LIBOR) Deadline for responses to Treasury Committee call for evidence: decarbonisation and green finance inquiry Deadline for responses to International Association of Insurance Supervisors (IAIS) consultation on the impact of Covid-19
31 Aug	Deadline for responses to EBA consultation on own funds and eligible liabilities Deadline for responses for Financial Action Task Force (FATF) consultation on its proposals for amendments to Recommendation 1 and its Interpretive Note

Article tags

aml cft bank of england bank recovery and resolution directive ii bcbs brrd ii climate change covid 19 eba european commission fatf fca ficc financial policy committee fmsb g siis g20 green green finance hm treasury hmrc ico libor moj securisation solvency ii sonia the pensions regulator ttcas uksa

Related categories

Bank Accounts and Payment Services Banking Climate Change Corporate Crime Credit and Loans EU FinTech Insurance International Investment Management Markets Money Laundering Operational Resilience Prudential Regulatory Reporting Sustainable Finance Tax Evasion UK

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.

Follow us

Follow us

August 2020: The month ahead in financial services regulatory developments…

Article tags

Related categories

Disclaimer