This consultation covers risks related to legal, financial and operational arrangements, as well as issues related to access, governance and efficiency. Responses are required by 18 May 2012.

FSA has now finalised its guidance consultation (originally published in November 2011) which reviewed how seven major providers of structured products looked at how they were designing structured products, identifying their target markets, and how they handled post-sales responsibilities in a period from November 2010 to May 2011. In addition, FSA has published a feedback statement.

This consultation paper looks at the role played by price reporting agencies in the functioning of oil markets, their methods of operation and governance and potential options for future oversight. It considers the governance of the agencies (including consideration of their ownership)’ their board and executive management structures, how they manage conflicts of interest, their complaints handling procedures, and their systems and controls; and the impact agencies’ current functions have on price transparency in the physical oil and oil derivative markets. Responses are required by 30 March 2012. (1/03/12)

This statement notes that, during its review of the functioning of the SEPA Council in 2012, the EC will consider the governance of the whole SEPA project and how to take better account of consumer, small and medium-sized enterprises, retailers and other user interests. The EC will also review the composition of the EPC, the interaction between the EPC and an overarching governance structure, such as the EPA Council. The EC will also include a review of the existing direct debit refund rights in the EU within the scope of its report under Article 87 PSD. The EC will present that report no later than 1 November 2012 to the European Parliament, the Council, the European Economic and Social Committee and the European Central Bank.