The Committee raises concerns about FCA’s proposals in the CP and sets out 11 questions for the regulator to answer, with the response required by 25 April.  The Committee notes that the consultation formally closes on 30 April, but intends to take evidence and asks FCA not to take further steps until the Committee has had the opportunity to take evidence and reach its con­clu­sions.

TSC has now published a transcript of the hearings held on 17 April 2024, which were attended by Matt Brewis, Director of Insurance at FCA and other industry figures.  Aspects of the Consumer Duty and GI insurance pricing were dis­cussed.

FCA is consulting on extending the Sustainability Disclosure Requirements and investment labels regime to portfolio management.  Responses are required by 14 June 2024.

This guidance is designed to help firms understand and implement FCA’s anti greenwashing rule, following feedback from some respondents to its consultation paper on SDR and investment labels asking for guid­ance.

This BoE/PRA letter to HMT and DSIT details AI’s applicability within the scope of their regulatory responsibilities.  BoE/PRA state that they believe they have in place a regulatory framework that will appropriately support the delivery of the benefits that AI/ML can bring, while addressing the risks, in line with the principles set out in the Government’s White Pa­per.