FCA Publishes Latest Regulatory Initiatives Grid

The FCA has published its latest Regulatory Initiatives Grid which sets out its planned regulatory initiatives for the next 24 months.

This allows the financial services industry and other stakeholders to understand and plan for the timing of any initiatives that may have a significant operational impact on them.

There are no new entries to the insurance sector section of the document and the home and motor insurance pricing rules came into force in January 2022, so this has now been removed from the Grid.

However, there are some multi-sector initiatives of note, including the new Consumer Duty, operational resilience (for Enhanced scope firms), diversity and inclusion, and review of the Appointed Representative’s regime. More details will be provided on these areas as and when they are available.

If you need any advice on this or any other compliance issues, please contact your RWA Business Manager or email helpdesk@rwagroup.co.uk.