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In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in December 2021 and January 2022.


1 Dec
2 Dec
3 Dec
6 Dec
7 Dec
10 Dec
15 Dec
16 Dec
  • FCA board meeting

  • Deadline for responses to ESA's call for evidence on the EC mandate regarding the PRIIPs Regulation (covering: practical application of the existing KID such as its use by financial advisors or the use of digital media, the scope of the PRIIPs Regulation and  the degree of complexity and readability of the KID)
17 Dec
20 Dec
22 Dec
23 Dec
30 Dec
  • Under EBA Revised Outsourcing Guidelines, latest date by which in-scope firms to have completed the documentation of all existing outsourcing arrangements, other than for outsourcing arrangements to cloud service providers where the EBA's Recommendation was already applicable at the time the Outsourcing Guidelines were revised
31 Dec
1 Jan
2 Jan
3 Jan
4 Jan
5 Jan
6 Jan
7 Jan
10 Jan
11 Jan
12 Jan
  • Deadline for responses to EC on adopted legislation - Solvency II Review (1st deadline relates to document COM(2021)582)
  • Deadline for responses to IOSCO, BCBS and CPMI consultation on margining practices
13 Jan
14 Jan
17 Jan
21 Jan
22 Jan
23 Jan
24 Jan
31 Jan


Table of abbreviations:


AI Artificial Intelligence ICAAP Internal Capital Adequacy Assessment Process
APP Authorised Push Payment IFD Investment Firms Directive (EU)
BCBS Basel Committee on Banking Supervision IFPR Investment Firm Prudential Regime (UK)
BoE Bank of England IFR Investment Firms Regulation (EU)
BMR Benchmark Regulation IOSCO International Organisation of Securities Commissions
CCP Central Counterparty IRRBB Interest Rate Risk in the Banking Book
CP Consultation Paper KID Key Information Document
CPMI Committee on Payments and Market Infrastructures MIFID Markets in Financial Instruments Directive
CRD Capital Requirements Directive MIFIDPRU FCA's Prudential Sourcebook for MiFID Investment Firms
CRR Capital Requirements Regulation MLD Money Laundering Directive
D-SIB Domestic Systemically Important Bank MREL Minimum Requirement for Own Funds and Eligible Liabilities
DC Defined Contribution (pension) NCA National Competent Authority(s)
DP Discussion Paper OEIC Open-Ended Investment Company
DRSP Data Reporting Service Provider PRA Prudential Regulation Authority
DTO Derivatives Trading Obligation PRIIPs Packaged Retail and Insurance-Based
Investment Products
EBA European Banking Authority PS Policy Statement
EC European Commission RAF Resolvability Assessment Framework
ECB European Central Bank RTS Regulatory Technical Standards
EIOPA European Insurance and Occupational Pensions Authority SFT Securities Financing Transaction
ESMA European Securities and Markets Authority SREP Supervisory Review and Evaluation Process
FATF Financial Action Task Force SS Supervisory Statement
FCA Financial Conduct Authority TLAC Total Loss Absorbing Capacity
FSB Financial Stability Board TONA Tokyo Overnight Average Rate
FSMA Financial Services and Markets Act 2000 TPR The Pensions Regulator
FX Foreign Exchange UCITS Undertakings for Collective Investment in Transferable Securities
G-SIB Global Systemically Important Bank VfM Value for Money
G-SII Global Systemically Important Institution
GI General Insurance
HMT HM Treasury
IAIS International Association of Insurance Supervisors




Key contacts

Karen Anderson photo

Karen Anderson

Consultant, London

Karen Anderson
Susannah Cogman photo

Susannah Cogman

Partner, London

Susannah Cogman
Elizabeth Head photo

Elizabeth Head

Of Counsel, London

Elizabeth Head
Hannah Cassidy photo

Hannah Cassidy

Partner, Head of Financial Services Regulatory, Asia, Hong Kong

Hannah Cassidy
Clive Cunningham photo

Clive Cunningham

Partner, London

Clive Cunningham
Marina Reason photo

Marina Reason

Partner, London

Marina Reason
Kelesi Blundell photo

Kelesi Blundell

Partner, London

Kelesi Blundell
Jenny Stainsby photo

Jenny Stainsby

Global Head – Financial Services Regulatory, London

Jenny Stainsby
Hywel Jenkins photo

Hywel Jenkins

Partner, London

Hywel Jenkins
Chris Ninan photo

Chris Ninan

Partner, London

Chris Ninan
Jon Ford photo

Jon Ford

Partner, London

Jon Ford
Valerie Tao photo

Valerie Tao

Professional Support Lawyer, Hong Kong

Valerie Tao
Cat Dankos photo

Cat Dankos

Regulatory Consultant, London

Cat Dankos
Patricia Horton photo

Patricia Horton

Professional Support Lawyer, London

Patricia Horton