Blog: Financial Regulation Weekly Bulletin – 23 March 2023 – Lexology

Includes developments in relation to: the Climate Financial Risk Forum; APP scams; diversity on listed company boards; MAR; UK Short Selling Regulation; and the macro-prudential supervision of investment firms.

Click on the headings below to access each section:


  • SME access to FOS – FCA publishes call for input
  • Simplified advice regime – FCA publishes speech
  • Climate Financial Risk Forum – Webpage updated with new materials
  • FCA appointments – Joint Executive Directors of Enforcement and Market Oversight
  • Authorisation timelines – FCA publishes service and performance metrics
  • Increased award limits – announced by the FOS
  • Complaints data – published by the FOS

Banking and Finance

  • 2023 work initiatives – published by the BCBS
  • Single Supervisory Mechanism – ECB decisions published in OJ
  • Fundamental Review of the Trading Book – EBA consults on expanded reporting
  • Customer vulnerability – LSB publishes report
  • APP scams – LSB updates CRM Code
  • Silicon Valley Bank – Correspondence with Treasury Committee published
  • Competition within the savings and mortgage markets – Treasury Committee publishes letter
  • Access to cash – PSR publishes call for views on first annual review of Specific Direction 12
  • APP scams – PSR publishes Policy Statement (PS23/1)
  • Closure of SME Liaison Panel – BBRS publishes statement
  • Credit Suisse – Statements published by the FCA, Bank of England, EBA, the SRB and the ECB

Securities and Markets

  • EMIR 3 – ESRB makes recommendations
  • MAR and the insider lists regime – ESMA publishes concerns
  • Diversity on listed company boards – Primary Market Bulletin published by the FCA
  • Notification and disclosure of net short positions under the UK Short Selling Regulation – FCA publishes updated webpage
  • ESG benchmarks review – FCA publishes Dear CEO letter highlighting widespread failings

Asset Management

  • Macro-prudential supervision of investment funds – ESMA publishes speech


  • Value for Money – Blog published by the Pensions Regulator

Financial Crime

  • AML/CTF – JMLSG publishes revised guidance

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