Powers proposed for FCA to implement UK retail disclosure framework

New rule-making powers

Eve Maddock-Jones
clock • 3 min read

The government has published a draft statement to provide the Financial Conduct Authority new powers to construct and implement the UK's new retail disclosure framework.

Alongside Chancellor Jeremy Hunt's Autumn Statement, delivered today (22 November), the government published a statutory instrument outlining key definitions, the scope of the new framework and the provision of powers for the FCA to make and enforce the rules. The initial draft was published earlier in July, but the updated version covers the "near final version" of the rules, although the Treasury will continue to seek "technical comments" until 10 January 2024. The full legislation will be applied in 2024, subject to parliamentary time allowing. Draft regulations offer FCA powers to...

To continue reading this article...

Join Investment Week for free

  • 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