Financial regulators publish plan for upcoming work

May 7, 2021

Published: FRC

The Financial Services Regulatory Initiatives Forum has today published the third edition of the Regulatory Initiatives Grid which this year includes contributions from the Financial Reporting Council (FRC) for the first time.
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:

–        Climate-related disclosure – Asset Managers, Life Insurers, and FCA-regulated Pension Schemes

–        Trust in the market for ESG/sustainable investments

–        Climate-related disclosure – Listed issuers

–        Signatories to the UK Stewardship Code 2020

–        2021 Biennial Exploratory Scenario

–        UK green taxonomy

–        Mandatory climate-related financial disclosures by publicly quoted companies, large private provided companies and LLPs

–        Climate Financial Risk Forum

·         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.”


Otras Publicaciones


Últimas Publicaciones