Regulatory
Consumer Duty – FCA Podcasts for the 4 outcomes
With the end of July deadline for Consumer Duty fast approaching, we thought it would be useful to remind industry participants about the FCA podcasts for the 4 outcomes
Read MoreConsumer Duty – Deadline for implementation is rapidly approaching
Firms has less than two months to implement the Consumer Duty, which comes into force on 31st July.
Four key outcomes that firms need to assess under the Consumer Duty:
– Products & services
– Price & value
– Consumer understanding
– Consumer support
How do the FCA’s cross-cutting and category specific work together to meet the SDR requirements?
The FCA’s approach to Sustainable Development Goals (SDGs) involves both cross-cutting measures and category-specific measures, each with a different focus and objective.
Cross-cutting measures are designed to address sustainability challenges that cut across multiple sectors and industries. These measures aim to ensure that sustainability considerations are integrated into investment decisions across different asset classes and investment categories. For example, cross-cutting measures may involve integrating environmental, social, and governance (ESG) factors into investment decision-making, regardless of the specific investment category.
Read MoreOver 1 Year In – How are you getting on with Operational Resilience?
The Financial Conduct Authority (FCA) requires for firms to implement operational resilience plans by 31st May 2022. As it stands, we are 1 year into a 3-year implementation period running from 31st March 2022 to 31st March 2025. By May 2023, firms should have made significant progress towards operational resilience and be ready to report where Impact Tolerances are exceeded
Read MoreISC Regulatory Change Forum 2023
Are you working within regulatory change in the Investment Management industry? Our forum can help you……..
If you would like to take part in the next Regulatory Change Forum, please contact us
Read MoreISC Regulatory Horizon 2023
On 28th February 2023, the FCA published its Regulatory Initiatives Grid. This contained new as well as existing items, some with indicative dates, and some without.
We at ISC compared the FCA’s grid against our own Horizon Scanning diagram for the Investment Management Industry for 2023/2024 in case any changes needed to be made. Our conclusion
Read MoreResponsibility for Regulatory Change within Asset Managers
How do asset managers identify, assess, prepare for, and implement regulatory change? Who is responsible for each stage, and how do different teams work together to deliver?
Read MoreFCA Findings on IFPR/ICARA Process
It was surprising to read the recent FCA paper on the interim observations around ICARA (Internal Capital Adequacy & Risk Assessment) under IFPR which came into force in Jan 2022. Whilst there must have been some investment firms who have taken the ICARA process seriously, the FCA’s paper feels as if it widely condemns many of the representative firms selected for review so far
Read MoreDORA – 3rd Party Technology Outsource Providers
Further to our recent LinkedIn posts on the EU DORA regulation, we thought it would be useful to outline the plans for dealing with 3rd Party technology outsource providers
Read MoreDORA – Risk Management Framework
Further to our recent posts on the EU DORA regulation, we thought it would be useful to outline the Risk Management Framework that firms should be considering:-
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