In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in April and May 2022.
Table of abbreviations:
BMR | Benchmark Regulation | FCA | Financial Conduct Authority |
BoE | Bank of England | FOS | Financial Ombudsman Service |
CCP |
Central Counterparty | FPC | Financial Policy Committee |
CoP | Confirmation of Payee | FSB | Financial Stability Board |
CP | Consultation Paper | HoL | House of Lords |
CPMI | Committee on Payments and Market Infrastructures | IFD | Investment Firms Directive (EU) |
CRR | Capital Requirements Regulation | IRRBB | Interest Rate Risks for Banking Book |
DCMS | Department for Digital, Culture, Media & Sport | IOSCO | International Organisation of Securities Commissions |
DP | Discussion Paper | LEI | Legal Entity Identifier |
EBA | European Banking Authority |
MiFID II |
Markets in Financial Instruments Regulation II |
EC | European Commission | PS | Policy Statement |
ECB | European Central Bank | PRA | Prudential Regulation Authority |
ECSPR | European Crowdfunding Service Providers Regulation | PRIIPS | Packaged Retail Investment and Insurance Products |
EEA | European Economic Area | PSR | Payment Systems Regulator |
EIOPA | European Insurance and Occupational Pensions Authority | PSD2 | Second Payment Services Directive |
EMIR | European Market Infrastructure Regulation | QR | Quick Response Code |
EPC | European Payments Council |
RTS |
Regulatory Technical Standards |
ESAs | European Supervisory Authorities |
SFTR |
Securities Financing Transactions Regulation |
ESMA | European Securities and Markets Authority | SoP | Statement of Policy |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.