Financial regulators publish plan for upcoming work
News types: Codes and Standards Announcements, Generic Announcement, Policies and Responsibilities, Policy Statements, Publications, Statements
Published: 7 May 2021
The Regulatory Initiatives Grid is published twice a year and includes upcoming regulatory activity that may have a significant operational impact on stakeholders within the financial services industry.
The Forum is comprised of the FRC, Bank of England (including the Prudential Regulation Authority), Financial Conduct Authority, Payment Systems Regulator, Competition and Markets Authority, the Pensions Regulator, and the Information Commissioner’s Office, with HM Treasury attending as an observer member.
Upcoming work in the latest version includes eight new environmental, social and governance (ESG) initiatives, the Bank of England and FCA’s work to transform data collection, HM Treasury’s Future Regulatory Framework Review and the Pensions Regulator’s work to introduce a single code of practice to make their expectations simpler and easier to understand.
The FRC’s Executive Director of Regulatory Standards, Mark Babington said:
“The FRC’s regulatory work impacts a wide range of stakeholders by setting high standards of corporate governance, reporting and audit.
We were delighted to be invited to contribute to the regulatory initiatives grid for the first time, reflecting the impact of our work across the financial services industry while helping our stakeholders to prepare and plan accordingly.”