Featured: PIMFA Operational Resilience Working Group | New Meeting scheduled PIMFA Weekly News Bulletin View in browser PRESS RELEASES ABOUT PIMFA D&I AWARDS WEALTHTECH PIMFA WEEKLY NEWS BULLETIN | 5 SEPTEMBER 2022 PIMFA Operational Resilience Working Group
PwC will be giving updates on Operational Resilience and the new 'critical' third parties regime, which aspects of Operational Resilience firms should be looking at next and how firms could approach making the ongoing management and monitoring of Operational Resilience a 'Business as Usual' activity. We will also be exploring the interplay between Operational Resilience and Consumer Duty. This will be a virtual meeting; if you or your colleagues would like to join, would you please email Heidi Bryant to confirm your attendance and she will send a calendar invite with video conference link.
PIMFA Transaction Reporting Working Group meeting Monday 12 September | 14:00 16:00
The next meeting of the Operational Resilience Working Group will take place on Tuesday 20 September between 14:00 16:00. This is a Member only group.
With reference to the FCA's Consultation Paper 22/12: 'Improving equity secondary markets', over the past two weeks we have been gathering views on this CP from PIMFA members and associates and are building a picture which we will share with the regulator.
FCA Consultation Paper 22/12 'Improving equity secondary markets'
The next meeting of the Transaction Reporting Working Group (TRWG) will take place on Monday 12 September between 14:00 16:00. This is a member only group. You may have seen the list of transaction reporting issues raised by the working group, which we sent to the FCA's Markets Reporting Team last month. Representatives from the Markets Reporting Team have reviewed the list of issues and have offered to attend this meeting to provide clarification of existing guidance and Thisexpectations.willbeahybrid meeting; if you or your colleagues would like to join, either in person or via a video conference link, would you please email Heidi Bryant to confirm your attendance.
If you have any views that you would like to share with us on this consultation, please email Kevin Sloane or Michael Cahill and we will arrange a call or meeting. Please note that the closing date for the consultation is 16 September.
FCA Quarterly Consultation No 37 CP 22-17 (September 2022)
The FCA have published Quarterly Consultation No 37 CP 22 17. The proposed changes are outlined below for information: • changes to the Glossary of definitions, DEPP, COLL and EG to reflect amendments made to the individually recognised overseas collective investment • schemes regime under section 272 of FSMA, together with other minor changes to COLL to reflect the UK’s withdrawal from the EU • changes to reporting requirements in the Supervision manual • changes to PERG, CONC and MCOB to align with recent changes to the regulatory perimeter in respect of credit agreements entered into with high net worth borrowers • changes to clarify the definition of a ‘significant SYSC firm’ Members should note the FCA proposes to clarify the definition of a ‘significant SYSC firm’ as below. “We propose to make clear that only firms that would have been both significant IFPRU firms and IFPRU investment firms under the pre IFPR arrangements fall within the definition of a ’significant SYSC firm’ for the purpose of the Enhanced scope SM&CR regime" (see pages 16 17 Quarterly Consultation for more details). Latest PIMFA Press Releases: PIMFA welcomes extension of the Consumer Duty implementation timeline Press Coverage FTAdviser: IFAs’ wish list for a new FTAdviser:chancellor Pimfa: Why simplified advice needs to feature in FCA handbook Press Coverage MoneyAge: FCA confirms final guidance on Consumer Duty rules Insurance Post: A ‘thorough review’ of approach towards retail
PIMFA announces shortlist for second Diversity & Inclusion PIMFAAwardsupdates Future of Supervision paper and calls for more improvements from the Financial Conduct Authority IFA Magazine: PIMFA D&I Reports Professional Pensions: Changes to unsuitable DB transfer redress CityAM:planned Consumer Duty set to deliver ‘biggest regulatory overhaul in a decade’ for financial services customers needed as FCA unveils new Consumer Duty rules FT Adviser: Industry welcomes consumer duty extension despite 'tight TomMoneytimelines'Marketing:Selby:FCAtakes a step in the right direction with Consumer Duty now it’s time to finally address the advice gap THE PIMFA ESG ACADEMY FOR WEALTH MANAGERS Get the ESG knowledge and confidence you need to take advantage of the rising demand for sustainable investment products, and keep pace with the rapidly changing ESG landscape. Click here to find out more EVENTS & LEARNING PIMFA Compliance Conference 28 September | 08:30 16:30 Hear from leading industry experts on the key issues facing compliance professionals in the Virtual Roundtable: Overcoming Misconceptions And Finding Value In Property Investing Free event for members only 21 September 2022 | 09:00 10:30
PIMFA WEEKLY NEWS BULLETIN | 5 SEPTEMBER 2022 PRESS RELEASES ABOUT PIMFA D&I AWARDS WEALTHTECH Contact us | Visit website | Terms & Conditions Personal Investment Management & Financial Advice Association (PIMFA) 69
investment management and financial advice Bringingworld. together a high level audience who can engage with the experts, this conference will facilitate fruitful discussions with opportunity for questions and networking. For more information and to register, please click here
This PIMFA Breakfast Roundtable event in partnership with TIME Investments will be discussing five of the common misconceptions of investing in property and explains why commercial real estate investment is a valuable addition to a portfolio for today’s long term investors. For more information and to register, please click here Carter Lane, London, EC4V (registered in England No 2991400)
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