27105 results for
  • EC: Solvency II Delegated Regulation

    18/07/2025
    The EC is consulting on a draft Delegated Regulation with regard to changes to the technical rules governing the valuation of insurers’ liabilities, the calculation of solvency requirements, reporting...

    The EC is consulting on a draft Delegated Regulation with regard to changes to the technical rules governing the valuation of insurers’ liabilities, the calculation of solvency requirements, reporting and disclosure obligations, group supervision, and other related areas.  Responses are required by 5 September 2025.

    Support Information:
    https://finance.ec.europa.eu/publications/commission-seeks-feedback-review-solvency-ii-delegated-regulation_en
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  • PRA: PS12/25: Restatement of CRR and Solvency II requirements in PRA Rulebook – 2026 implementation

    18/07/2025
    Further to CP8/24 and parts of Chapter 3 and 7 of CP13/24, PRA has published feedback and final policy.  This includes a new SoP on PRA’s approach to waivers and permissions under Own Funds...

    Further to CP8/24 and parts of Chapter 3 and 7 of CP13/24, PRA has published feedback and final policy.  This includes a new SoP on PRA’s approach to waivers and permissions under Own Funds (CRR) Part and amendments to a number of supervisory statements.  The implementation date for final rules and policy material reflecting the policy changes set out in this PS is 1 January 2026.

    Support Information:
    https://www.bankofengland.co.uk/prudential-regulation/publication/2025/july/restatement-of-crr-and-sii-requirements-in-pra-rulebook-policy-statement
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  • HMT: Improving the effectiveness of the MLRs

    18/07/2025
    Further to its March 2024 consultation, HMT has now published its response, which provides details on changes that will be made to the MLRs, including with regard to the registration and change in control...

    Further to its March 2024 consultation, HMT has now published its response, which provides details on changes that will be made to the MLRs, including with regard to the registration and change in control for cryptoasset service providers and due diligence on pooled client accounts.  HMT intends to publish the draft SI in the coming months for technical feedback, before laying in Parliament later this year if parliamentary time allows.

    Support Information:
    https://assets.publishing.service.gov.uk/media/6878c1b42bad77c3dae4dd25/MLRs_Consultation_Response.pdf
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  • BoE: Ensuring the resilience of CCPs

    18/07/2025
    BoE is consulting on proposals to restate certain requirements for CCPs in UK EMIR in BoE rules, alongside targeted policy changes. It includes draft statements of policy, including BoE’s approaches...

    BoE is consulting on proposals to restate certain requirements for CCPs in UK EMIR in BoE rules, alongside targeted policy changes. It includes draft statements of policy, including BoE’s approaches to permissions in relation to CCP rules; supervisory processes and margin permissions, and tiering non-UK central counterparties.  Responses are required by 18 November 2025.

    Support Information:
    https://www.bankofengland.co.uk/paper/2025/cp/ensuring-the-resilience-of-ccps
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  • FCA: CP25/23: Deferred Payment Credit (unregulated Buy Now Pay Later): proposed approach to regulation

    18/07/2025
    FCA is consulting on rules and guidance for the DPC sector. This includes proposals for firms to give information to consumers and undertake creditworthiness assessments, and whether the regulator should...

    FCA is consulting on rules and guidance for the DPC sector. This includes proposals for firms to give information to consumers and undertake creditworthiness assessments, and whether the regulator should apply existing rules for regulated credit activity to this sector.  Responses are required by 26 September 2025.  Alongside the consultation, FCA has published an Occasional Paper on the impact of BNPL credit on consumer indebtedness and arrears.

    Support Information:
    https://www.fca.org.uk/publication/consultation/cp25-23.pdf
    https://www.fca.org.uk/publication/occasional-papers/op-69-impact-bnpl-consumer-arrears.pdf
    https://www.fca.org.uk/news/press-releases/protections-help-buy-now-pay-later-borrowers-navigate-financial-lives
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  • BoE: Fundamental Rules for FMIs – policy statement

    18/07/2025
    Further to BoE’s November 2024 consultation, BoE has published feedback and final policy, which comprises (i) the Fundamental Rules Part of the BoE FMI Rulebook for CCPs and CSDs; (ii) the Code of...

    Further to BoE’s November 2024 consultation, BoE has published feedback and final policy, which comprises (i) the Fundamental Rules Part of the BoE FMI Rulebook for CCPs and CSDs; (ii) the Code of Practice on Fundamental Rules for RPSOs and SSPs, and (iii) a supervisory statement on fundamental rules for FMIs.  The policy takes effect on 18 July 2026.   

    Support Information:
    https://www.bankofengland.co.uk/paper/2025/ps/fundamental-rules-for-financial-market-infrastructures
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  • BoE: Approach to rule permissions and waivers

    18/07/2025
    BoE has published a consultation paper and draft statement of policy on its approach to using the permissions power.  The consultation should be considered alongside the draft statements of policy...

    BoE has published a consultation paper and draft statement of policy on its approach to using the permissions power.  The consultation should be considered alongside the draft statements of policy for subject-specific permissions published as part of the “Ensuring the resilience of CCPs” consultation.  Responses are required by 18 November 2025. 

    Support Information:
    https://www.bankofengland.co.uk/paper/2025/cp/the-boes-approach-to-rule-permissions-and-waivers
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  • HMT: Remit and recommendations for the Financial Market Infrastructure Committee

    18/07/2025
    HMT has published the text of Andrew Bailey’s response to Rachel Reeves’ letter.

    HMT has published the text of Andrew Bailey’s response to Rachel Reeves’ letter.

    Support Information:
    https://assets.publishing.service.gov.uk/media/687792682bad77c3dae4dc66/Response_from_the_Bank_of_England.pdf
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  • PRA: GI stress test

    18/07/2025
    PRA has confirmed that the 2026 stress test will commence in May 2026.  Participating firms will be invited to attend a workshop in September 2025.

    PRA has confirmed that the 2026 stress test will commence in May 2026.  Participating firms will be invited to attend a workshop in September 2025.

    Support Information:
    https://www.bankofengland.co.uk/prudential-regulation/publication/2025/july/update-on-2026-dygist
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  • PSR: Regulatory fees

    18/07/2025
    PSR has published its 2025-26 fees figures.

    PSR has published its 2025-26 fees figures.

    Support Information:
    https://www.psr.org.uk/media/rokjxgic/psr-2025-26-fees-figures-statement-july-2025.pdf
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