1 / 3

Regulatory reform: Master timeline

Regulatory reform: Master timeline. 30 January 2013: Draft statutory instruments published. 19 December: Financial Services Bill receives Royal Assent. 19 February 2013: Provisions relating to appointing senior members of FPC, FCA and PRA come into force. UK Government.

shannon-anthony
Download Presentation

Regulatory reform: Master timeline

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Regulatory reform: Master timeline 30 January 2013: Draft statutory instruments published 19 December: Financial Services Bill receives Royal Assent 19 February 2013: Provisions relating to appointing senior members of FPC, FCA and PRA come into force UK Government 15 March 2015 most RTS enter into force and CCPs can seek reauthorisation 16 August 2012: EMIR came into force Mid 2014: First clearing obligations expected to apply EMIR 15 June and 15 July 2013: Equivalence decisions for first and second phase third country CCPs 2011 2012 2013 2014 2015 25-26 October 2012: EU Parliament votes on amendments to draft legislation but then refers matters back to ECON for further consideration MiFID II 13 December 2012: Council progress report of MiFID II 8 October 2013: EU Parliament to vote on MiFID II legislative proposals Implementation of MiFID II legislative proposals (at the earliest UK FSA 2 April 2012: FSA moves to ‘twin peaks’ operating model reflecting how PRA and FCA will operate 1 April 2013: Cutover to FCA and PRA

  2. Disclaimer • Norton Rose is the business name for the international legal practice that comprises Norton Rose LLP, Norton Rose Australia, Norton Rose Canada LLP, Norton Rose South Africa (incorporated as Deneys Reitz Inc) and their respective affiliates (“Norton Rose entity/entities). • The purpose of this presentation is to provide information as to developments in the law. It does not contain a full analysis of the law nor does it constitute an opinion of Norton Rose LLP on the points of law discussed. You must take specific legal advice on any particular matter which concerns you. If you require any advice or further information, please speak to your usual contact at Norton Rose. • No individual who is a member, partner, shareholder, director, employee or consultant of, in or to any constituent part of Norton Rose entity (whether or not such individual is described as a “partner”) accepts or assumes responsibility, or has any liability, to any person in respect of this presentation. Any reference to a partner or director is to a member, employee or consultant with equivalent standing and qualifications of, as the case may be, Norton Rose LLP or Norton Rose Australia or Norton Rose Canada LLP or Norton Rose South Africa (incorporated as Deneys Reitz Inc) or of one of their respective affiliates. On the View menu, click Header and Footer to update this text

More Related