Regulators

FRC contributes to regulatory initiatives forum

The grid which is published twice a year, includes upcoming regulatory activity that may have a significant operational impact on stakeholders within the financial services industry

The Financial Services Regulatory Initiatives Forum has published its third edition of the regulatory initiatives grid which for the first time includes contributions from the Financial Reporting Council (FRC).

The grid which is published twice a year, includes upcoming regulatory activity that may have a significant operational impact on stakeholders within the financial services industry.

The forum comprises the FRC, Bank of England (including the Prudential Regulation Authority), Financial Conduct Authority (FCA), Payment Systems Regulator, Competition and Markets Authority (CMA), the Pensions Regulator, and the Information Commissioner’s Office, with the treasury attending as an observer member.

Upcoming work in the latest version includes eight new environmental, social and governance (ESG) initiatives.

It also includes the Bank of England and FCA’s work to transform data collection, the treasury’s Future Regulatory Framework Review and the Pensions Regulator’s work to introduce a single code of practice to make their expectations simpler and easier to understand.

Mark Babington, executive director of regulatory standards, FRC, said: “The FRC’s regulatory work impacts a wide range of stakeholders by setting high standards of corporate governance, reporting and audit.

“We were delighted to be invited to contribute to the regulatory initiatives grid for the first time, reflecting the impact of our work across the financial services industry while helping our stakeholders to prepare and plan accordingly.”

Back to top button