Text of Nick Hulme’s speech of 11 October 2024 follows.  Topics include: retirement income; ongoing advice; forthcoming proposals on redress; industry consolidation; testing and monitoring under the Consumer Duty’s outcomes; the Advice Guidance Boundary Re­view.

Text of Verena Ross’s statements to ECON on 14 October 2024 follows in which she discusses ESMA’s work relating to capital markets, MiCAR and sustainable finance.  Alongside this, ESMA has published a document providing a snapshot of its activities in 2023.

This Order amends section 7(10) and (11) of the Building Societies Act 1986 (c.53) by increasing the turnover limit in a relevant financial year for the definition of a small business in section 7(10) of the Act from £1m to £6.5m and makes a corresponding amendment to the reference to the equivalent limit in any other currency.  (Date in force: 4 November 2024)

The ISA amends the Individual Savings Account Regulations 1998 to bring into effect an Autumn Statement 2023 announcement to allow fractional interests in an ISA, clarify the position in cases of doubt around transfers of ISAs and provide additional safeguards for investors and ISA managers.  (Date in force: 4 November 2024)

This SI sets out amendments to the Child Trust Funds Regulations 2004 relating to fractional interests.  (Date in force: 4 November 2024)