WebJan 19, 2024 · Following an unprecedented year for UK regulated firms in 2024, the UK Financial Conduct Authority used 2024 to advance a number of regulatory initiatives. Gibson Dunn lawyers assess the regulatory landscape through the lens of three notable “hot topics”: environment, social and governance (“ESG”) developments; fintech and … WebThe FCA has proposed two options for the wording of the new Consumer Principle, which it is seeking feedback on. Option 1, which states that “a firm must act to deliver good outcomes for retail clients”, places emphasis on consumer outcomes, and firms’ obligations to proactively deliver them.
UK Financial Services Regulation – 2024 Year-End Review
WebJul 27, 2024 · Board assessment, review and governance. In its previous consultations, the FCA stated that boards must review, at least annually, an assessment of whether their firm is delivering good consumer outcomes in line with the Duty and approve plans to address poor outcomes. The requirement for an annual board report on compliance with the Duty … WebJan 3, 2024 · PROD 1.1.1 G 03/01/2024. The purpose of PROD is to improve firms’ product oversight and governance processes and to set out the FCA’s statement of policy on making temporary product intervention rules. PROD 1.1.2 G 03/01/2024. Product oversight and governance refers to the systems and controls firms have in place to design, … trinity chrysler dodge jeep ram - taylorville
Product Governance – are you ready for the FCA’s review? - Bovill
WebMar 20, 2024 · March 20, 2024. Environmental, Social, and Governance (ESG) The Financial Conduct Authority (FCA) issued a letter to benchmark administrators on the review of environmental, social, and governance (ESG) benchmarks. The review results show that the overall quality of ESG-related disclosures made by a sample of UK … WebOct 26, 2024 · The letter provides feedback on common findings from FCA governance reviews of registered CRAs and the FCA’s wider supervisory work across the portfolio. In the letter, the FCA states that, overall, it was clear that multiple CRAs can do more to benefit from the value that a well-functioning Board can bring to the strategic direction and ... WebNov 19, 2024 · The FCA published its policy statement PS21/5 in May 2024 which set out its final Product Governance rules that came into effect on 1 October 2024. The Product … trinity church abingdon uk