Brexit archive
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January 2025 in Sight: DORA State of Play
MEMBERS ONLY - The Digital Operational Resilience Act (DORA) sets out detailed requirements for incident reporting, ICT risk management, subcontracting, threat-led penetration testing, among other areas. This webinar will present the aim behind DORA, who it applies to, and the state of play.
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High-level roadmap for adoption of T+1 in EU securities markets
The European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets including FIA and FIA EPTA, has published a report titled "High-level Roadmap for Adoption of T+1 in EU Securities Markets."
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FIA responds to FCA proposal on publicising enforcement investigations
FIA has responded to the UK Financial Conduct Authority’s public consultation on changes to its approach to enforcement investigations. The proposed changes include the FCA publicly announcing the opening of an investigation and disclosing the identity of the subject of the investigation where it considers this to be in the public interest. FIA is concerned that the proposed approach will be detrimental to the orderly functioning of UK capital markets, with limited value to public interest.
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FIA responds to consultation on critical third parties in the UK financial sector
FIA supports the UK authorities’ proposed approach, allowing regulators to build on and complement operational resilience frameworks for firms and financial market infrastructures. FIA members also support the proposal for oversight of critical third parties to be as interoperable as reasonably practicable with similar existing and future regimes. Furthermore, FIA members support the proposals to promote regulatory and supervisory interoperability.
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FIA responds to independent review of LME nickel market disruption
On 2 September, FIA responded to an independent review of the nickel market disruption on the London Metal Exchange. The review is being conducted by Oliver Wyman, a consulting firm, on behalf of LME.
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FIA responds to UK’s call for evidence on Green Finance Strategy
FIA has responded to the UK government’s call for evidence to support its update of the Green Finance Strategy. The response stresses the need for well-balanced, principle-based regulation that complements and encourages market innovation. It also highlights new products as a potential growth area to support the transition to a low-carbon economy.
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FIA responds to FCA Quarterly Consultation No 35
FIA submitted a response to proposals by the U.K.'s Financial Conduct Authority regarding the UK MiFID II ancillary activities exemption calculation.
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FIA responds to HMT Financial Services Future Regulatory Framework Review: Bank of England regulation of CCPs and CSDs
FIA recently submitted its response to HM Treasury's central counterparties and central securities depositories reform proposals under the Financial Services Future Regulatory Framework Review.
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FIA and ISDA respond to the Bank of England’s approach to tiering incoming CCPs under UK EMIR 2.2
FIA jointly with ISDA has submitted its response to the BoE’s proposed approach to tiering under UK EMIR 2.2.
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FIA responds to HMT's Future Regulatory Framework Review reform proposals
FIA has responded to HM Treasury's Financial Services Future Regulatory Framework Review: Proposals for Reform.
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