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 July and August 2022.
Table of abbreviations:
AM | Aggregation Method | GFANZ | Glasgow Financial Alliance for Net Zero |
AIFMs | Alternative Investment Fund Managers | HMT | HM Treasury |
ATM | Automated Teller Machine | HoC | House of Commons |
BO | Beneficial Ownership | HoL | House of Lords |
BoE | Bank of England | IAIS | International Association of Insurance Supervisors |
CBDC | Central Bank Digital Currency | ICS | Insurance Capital Standard |
CCP | Central Counterparty | IOSCO | International Organisation of Securities Commissions |
CfE | Call for Evidence | LEI | Legal Entity Identifier |
CFT | Countering the Financing of Terrorism | LSE | London Stock Exchange |
CoP | Confirmation of Payee | MiFID II | Markets in Financial Instruments Directive II |
CP | Consultation Paper | MiFIR | Markets in Financial Instruments Regulation |
CRA | Credit Rating Agency | MMF | Money Market Fund |
DP | Discussion Paper | NPL | Nonperforming Loan |
DSA | Digital Settlement Asset | NZTP | Net-zero Transition Plan |
EBA | European Banking Authority | PRA | Prudential Regulation Authority |
EC | European Commission | PRIIPS | Packaged Retail Investment and Insurance Products |
EIOPA | European Insurance and Occupational Pensions Authority | PS | Policy Statement |
EP | European Parliament | PSR | Payment Systems Regulator |
ESAs | European Supervisory Authorities | PSD2 | Second Payment Services Directive |
ESMA | European Securities and Markets Authority | RTS | Regulatory Technical Standards |
ETFs | Exchange Traded Funds | SDRP | Statutory Debt Repayment Plan |
FATF | Financial Action Task Force | SI | Statutory Instrument |
FCA | Financial Conduct Authority | SS | Supervisory Statement |
FMI | Financial Market Infrastructure | TPT | Transition Plan Taskforce |
FOS | Financial Ombudsman Service | UCITS | Undertakings for the Collective Investment in Transferable Securities |
FSCS | Financial Services Compensation Scheme |
Key contacts
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.