PIMFA Weekly News Bulletin

PIMFA Operations Forum

The next Operations Forum is on Wednesday 26 April between 3pm-4pm

The agenda includes:

• Charlie Pugh, Senior Business Change Manager, UK Product Management at Euroclear will be talking about CREST and their development plans;

This monthly virtual forum provides updates on operational hot topics from the PIMFA team, Euroclear and other Associates.

• PIMFA's Head of Regulatory Policy and Compliance Alex Roberts will give an update on the latest regulatory issues, including the implementation of Consumer Duty;

• Gary Wright, Director ISITC Europe has been researching the impact of a move to T+1 settlement and has been talking to some PIMFA members about their views and concerns, the work involved and their readiness for T+1. Gary will be presenting the initial research findings from that research.

If you or any of your colleagues would like to attend next week's meeting, please email Heidi Bryant

PIMFA Regulatory Forum

This monthly forum provides updates on regulatory hot topics from the PIMFA team and select associates, giving an opportunity to share best practice and get the latest intelligence on policy matters.

The next virtual Regulatory Forum is on Tuesday 25th April between 3pm-4pm.

Topics will include:

• Consumer Duty Updates - Update on data frameworks

• FCA/BoE (DP1/23) and HMT CfE: Senior Managers and Certification Regime (SM&CR)

• Mobilising Green Investment – 2023 Green Finance Strategy

• HMT consultation paper on future regulatory regime for ESG ratings providers

• FCA update on SDR and investment labels consultation

• Department for Science, Innovation & Technology Policy paper 'A pro-innovation approach to AI regulation'

• HMT Investment Research Review

Attendance of the PIMFA Forums is open to any representatives from Member and Associates firms; if you or any of your colleagues would like to attend next week’s or future forums, please email Heidi Bryant

Consumer Duty Disclosure Framework: FinDatEx publishes EMT V4.1

• On 11 April FinDatEx published the European MiFID Template (EMT V4.1) making the necessary changes to comply with the UK consumer duty regime for financial products and services

• The accompanying press release notes EMT V4.1 includes 10 new optional fields (required for funds being distributed in the UK) as agreed by PIMFA, in partnership with others