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Many PIMFA members are already using Artificial Intelligence (AI) systems and tools in their day-to-day operations and the likely adoption of AI in financial services will increase rapidly over the next few years.
To support PIMFA members with this new technology, PIMFA has launched a dedicated AI web area which can be accessed here.
PIMFA Operations Forum
Next meeting: 27 September 15:00 via MS Teams
At the Operations Forum this month, we will have updates on the latest developments at Euroclear CREST, and a round-up of current and future regulatory changes
We will also be looking at the Digitisation Taskforce's Interim Report, and PIMFA's response to the questions raised in the report.
With interest rates rising, firms are looking at ways to secure the best available rates on deposits.
Insignis Cash chief executive, Giles Hutson, will delve into the significance of cash management platforms within today's ever-evolving financial landscape, underscoring their role in optimising cash utilisation in the current high-interest rates environment. Additionally, he will discuss the critical importance of diversification strategies and clarify the operational mechanics of cash management platforms, highlighting the benefits they offer to businesses and investors alike.
If you or a colleague from a member firm would like to attend the meeting, please email HeidiB@pimfa.co.uk
European Commission consults on Sustainable Finance disclosures
On 14 September the European Commission launched a targeted consultation and a public consultation seeking feedback on the Sustainable Finance Disclosure Regulation (SFDR).
Designed to bring transparency, the SFDR was one of the first pillars of the EU’s sustainable finance framework to be put in place. The regulation is, however, not entirely working as intended. That is why the European Commission has launched a comprehensive assessment of the SFDR which aims to ensure legal certainty and that the SFDR plays its part in tackling greenwashing. The consultations are open until 15 December 2023.
Joint Money Laundering Steering Group - revised guidance
• The Joint Money Laundering Steering Group (JMLSG) has received HM Treasury ministerial approval of revisions to Part II Sector 22 of its Guidance (Crypto asset providers and custodian wallet providers).
• This also includes the new Sector 22 Annex 1 relating to crypto asset transfers (Travel Rule) and related updates to Sector 22.
PRESS RELEASES
PIMFA WealthTech Partners with NayaOne to Launch Client Analytics & Profiling Tech Sprint
PIMFA delighted the Online Safety Bill has passed its final reading...
Advice/Guidance review may lead to simpler advice services as part of a wholesale review, says FCA
FCA warns social media firms over crypto financial promotions
READ MORE
PIMFA CASS Podcasts
Listen in to the latest free podcasts from PIMFA and guest expert speakers to ensure your CASS knowledge is up to date:
• CASS: Crush Your Next Audit Not Your Budget
• CASS Compliant? Prove It!
• CASS: Why Finding Breaches Is Not All Bad News
PRESS COVERAGE
Professional Adviser: Advice/guidance review may trigger regulatory framework overhaul
FTAdviser: FCA to 'take its time' with advice-guidance review
Citywire Wealth Manager: FCA threatens crypto criminals with ‘unlimited fines’ and prison
Financial IT: PIMFA WealthTech partners with NayaOne to launch client analytics & profiling tech sprint
12 October 2023
PIMFA D&I Awards
There are many instances of fantastic innovations and great practice which remain hidden or unrecognised in our industry and PIMFA is working to bring them to light to celebrate this work and importantly, to inspire and help drive positive change for a better future.
Join us on 12 October at the Intercontinental Park Lane, London to celebrate these wonderful achievements and hear the stories shared by changemakers across our industry.
BUY A TABLE
Starting 3 October
PIMFA CASS Academy
The PIMFA CASS Clients Academy, powered by Ruleguard, is a unique learning experience for member firms who not only want to keep up with CASS requirements, but seek to expand their knowledge and strengthen their internal capabilities to arrest rising CASS audit fees and ensure the number of incidences and breaches reported to the FCA continues to drop.
The Academy will change the way you and your firm approach CASS. You will emerge better able to tackle your firms toughest CASS audit challenges, lead with greater CASS knowledge, and inspire assurance at all levels in your firm that your next CASS audit is a success.
Review the six online sessions here
