Regulatory Watch – UK Edition – February 2021

In this month’s edition of RegWatch, we focus on the new prudential regime for MiFID investment firms. Given the tight implementation timelines, the firms impacted will have significant work to do between now and the end of this year. However, we eagerly await the full publication of ‘MIFIDPRU’.

As many firms work towards the March (and June) deadlines for the EU’s Sustainable Finance Disclosures Regime (SFDR) level 1 disclosures, there will be no respite for firms after these deadlines pass, as the final report on RTS for SFDR was released this month. We take a look at the challenges firms will face in the implementation of the RTS, as well as some of the data issues, as the 2022 implementation deadline draws closer.

We include also include our usual sections on RegTech and an extract of what regulators were publishing in January, from LightHouse – our regulatory horizon scanning tool. In the RegTech Corner, we feature Sapiens, and their business decision modelling technology.

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In this edition of the UK Regulatory Watch, the following topics are covered :


Introducing the new prudential regime for UK investment firms

2. Shifting to a Sustainable Future

The SFDR journey continues

3. RegTech Corner

Sapiens Decision

4. Regulatory Radar

Key regulatory highlights from the UK and global regulators