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 July and August 2022.
Table of abbreviations:
AM | Aggregation Method | GFANZ | Glasgow Financial Alliance for Net Zero |
AIFMs | Alternative Investment Fund Managers | HMT | HM Treasury |
ATM | Automated Teller Machine | HoC | House of Commons |
BO | Beneficial Ownership | HoL | House of Lords |
BoE | Bank of England | IAIS | International Association of Insurance Supervisors |
CBDC | Central Bank Digital Currency | ICS | Insurance Capital Standard |
CCP | Central Counterparty | IOSCO | International Organisation of Securities Commissions |
CfE | Call for Evidence | LEI | Legal Entity Identifier |
CFT | Countering the Financing of Terrorism | LSE | London Stock Exchange |
CoP | Confirmation of Payee | MiFID II | Markets in Financial Instruments Directive II |
CP | Consultation Paper | MiFIR | Markets in Financial Instruments Regulation |
CRA | Credit Rating Agency | MMF | Money Market Fund |
DP | Discussion Paper | NPL | Nonperforming Loan |
DSA | Digital Settlement Asset | NZTP | Net-zero Transition Plan |
EBA | European Banking Authority | PRA | Prudential Regulation Authority |
EC | European Commission | PRIIPS | Packaged Retail Investment and Insurance Products |
EIOPA | European Insurance and Occupational Pensions Authority | PS | Policy Statement |
EP | European Parliament | PSR | Payment Systems Regulator |
ESAs | European Supervisory Authorities | PSD2 | Second Payment Services Directive |
ESMA | European Securities and Markets Authority | RTS | Regulatory Technical Standards |
ETFs | Exchange Traded Funds | SDRP | Statutory Debt Repayment Plan |
FATF | Financial Action Task Force | SI | Statutory Instrument |
FCA | Financial Conduct Authority | SS | Supervisory Statement |
FMI | Financial Market Infrastructure | TPT | Transition Plan Taskforce |
FOS | Financial Ombudsman Service | UCITS | Undertakings for the Collective Investment in Transferable Securities |
FSCS | Financial Services Compensation Scheme |
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.