The Regulatory Initiatives Grid, from the Financial Services Regulatory Initiatives Forum, sets out the regulatory pipeline so the financial services industry and other stakeholders can understand – and plan for – the timing of the initiatives that may have a significant impact upon their operations.
The Forum is made up of representatives of the Bank of England, Financial Conduct Authority, Prudential Regulation Authority, Payment Systems Regulator and the Competition and Markets Authority, with HM Treasury as an observer member.
This edition of the Grid contains 111 initiatives, an increase on the 85 that were set out in the first edition from May 2020. That increase is partly due to the inclusion of initiatives from the Information Commissioner’s Office and The Pensions Regulator and feedback from stakeholders that they would like the Grid to be as comprehensive as practicable.
Page 19 of the document is aimed specifically at regulatory initiatives in the insurance and reinsurance sector, although other cross-sectoral pages (see pages 7-12) will have a bearing on firms from those sectors.
BIBA members’ compliance and regulation queries should be directed to: [email protected].