Blog: Financial Regulation Weekly Bulletin – 12 January 2023 – Lexology

Includes developments in relation to:

General

  • Financial Services and Markets Bill – House of Lords updates webpage and publishes text from second reading
  • Industry alliance on digital currency – UK Finance publishes joint policy statement
  • Draft Principles on Digital Assets and Private Law – UNIDROIT launches public consultation

Beyond Brexit

  • Temporary Permissions Regime – FCA updates two webpages

Banking and Finance

  • UK deposit takers and international banks – PRA’s 2023 supervisory priorities – PRA publishes Dear CEO letters
  • Retail banking market investigation – CMA issues roadmap completion decision

Securities and Markets

  • Market conduct and transaction reporting issues – FCA publishes Market Watch No. 72
  • Wholesale brokers – FCA publishes Portfolio Letter

Insurance

  • IAIS Roadmap – IAIS publishes Roadmap for 2023-24
  • Insurance supervision – PRA’s 2023 priorities – PRA publishes Dear CEO letter
  • Insurance guidance for the support of customers in financial difficulty – FCA publishes Consultation Paper (CP23/1)

Financial Crime

  • 5MLD – European Parliament adopts proposal to smooth investigations into financial crime

Enforcement

  • AML systems and controls – FCA publishes Final Notice to Guaranty Trust Bank
  • AML systems – FCA publishes Final Notice issued to Al Rayan Bank plc

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