FCA sets out five priorities for 2019/20; plans new MiFID prudential regime

Brexit remains key priority

clock
The financial watchdog has published its business plan for the year ahead and set out its five key priorities for the next 12 months
Image:

The financial watchdog has published its business plan for the year ahead and set out its five key priorities for the next 12 months

The financial watchdog has published its business plan for the year ahead and it has set out five key priorities for the next 12 months.

Investment management One of the key areas the FCA will focus on for the investment management sector is a consultation on introducing a new prudential regime for MiFID investment firms, which create a more "appropriate" set of requirements for their business models than the existing CRD IV regime. The regulator said the new regime with be aligned with the EU Investment Firms Directive and Regulation and is expected to be operational by 2020/2021. The consultation paper will be published in the second half of this year.  In its Business Plan 2019/20, the FCA said: "The new regime ai...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Sub-committee to intervene at consultation paper stage.

Treasury sub-committee launched to scrutinise financial regulators post-Brexit

Additional Financial Services Scrutiny Unit

clock 24 June 2022 • 2 min read
ii writes open letter to MP

ii demands 'level playing field' for retail investors

'We fear there will be very little change'

clock 24 June 2022 • 3 min read
Index providers have become “increasingly influential”.

SEC considering treating index providers as investment advisers

No longer 'data providers'

Elliot Gulliver-Needham
clock 17 June 2022 • 1 min read
Trustpilot