Text of Ashley Alder’s speech of 22 May 2024 has been published.  Specific topics include: the Smarter Regulatory Framework; private finance, NBFI and valuations; retail investments; SDR, and in­nov­a­tion.

Fur­ther to CP21/23, PRA has published feedback and final policy, including a new SoP replacing SS2/18 and current and future versions of the updated SS44/15.

This PS provides feedback to responses to the December 2023 CP on BoE’s proposed approach to statutory notice decisions for use of its requirements powers.  The final SoP enters into effect on 23 May 2024.

FOS is consulting on proposals to charge claims management companies and other professional representatives up to £250 to lodge a case, reduced to £75 if the case outcome is in favour of the consumer.  As is the case for financial services firms, all professional representatives will be allowed three free cases a year, beyond that they will be charged the £250 fee – reduced to £75 if the consumer’s complaint is upheld.  Responses are required by 4 July 2024.

ESMA is consulting on draft technical standards related to consolidated tape providers, other data reporting service providers and the assessment criteria for the CTP selection procedure under MiFIR.  Responses are required by 28 August 2024.