Regulation Round Up

2 May

The FCA published its Policy Statement on the FCA's disclosure rules following application of PRIIPs Regulation (PS17/6). The Policy Statement sets out how the FCA's disclosure requirements will change to reflect the introduction of the PRIIPs key information document. Affected firms will need to comply with the PRIIPS Regulation and any revised disclosure rules in the FCA Handbook from 1 January 2018.

3 May

The FCA published its Policy Statement (PS17/10) in which it published final rules and guidance to help firms understand the rules that apply to their remuneration policies and practices. The FCA aligned its provisions with the European Banking Authority (EBA) guidelines on sound remuneration policies and published new non-Handbook guidance in the form of frequently asked questions. The EBA guidelines, published in December 2015, set out the requirements on remuneration policies that apply to firms subject to the Capital Requirements Directive (CRD