The PRA has issued a principles-based, proportionate framework of expectations for firms to manage climate-related financial risk.
Ash Saluja, CMS
The FCA comments on the potential and practicalities of workplace savings schemes.
New regime comes into effect in early 2026.
New framework offers greater flexibility, but it remains to be seen how many fund managers will take up joint payment options, given the guardrails in place.
The consultation is relevant to PRA-authorized banks, building societies and designated UK investment firms.
The proposed rules would only apply to MIFIDPRU investment firms, with announcements due for market making/principal trading firms.
The proposed CCI regime aims to replace the PRIIPs regime and certain UCITS disclosure requirements.
Clarification on specific aspects of the PRA’s existing approach to risk management and remote booking.