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Building a regulatory environment for the future – FCA Speech

Link(s): https://www.fca.org.uk/news/speeches/building-regulatory-environment-future

Context

Nikhil Rathi the CEO of the FCA gave his speech at City Week.

Key points to note

  • Leaving the EU allows the FCA to tailor its rules to better suit its markets, while ensuring appropriate safeguards and upholding high standards.
  • It will rigorously review all firms seeking UK authorisation.
  • Its partnerships have never been so important, which is why it are working to deepen existing partnerships and forge new ones.
  • It is proposing to extend climate-related financial disclosure requirements to issuers of standard listed equity shares.
  • The FCA want views on selected ESG topics in UK capital markets and, separately, it is proposing new disclosure requirements for asset managers, life insurers and FCA-regulated pension providers

Next actions

None – for information and awareness