PIMFA Weekly News Bulletin - 15 August 2022

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PIMFA Weekly News Bulletin

PRESS RELEASES

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PIMFA WEEKLY NEWS BULLETIN | 15 AUGUST 2022 Consumer Duty working group session on the FCA’s implementation plan As firms have a very short time period to formalise and agree their implementation plans to meet the October deadline, PIMFA has organised a session on 24th August (2-3pm) to scope out what the implementation plan should look like, and Philip Deeks (Director, Regulatory Insight Centre, KPMG) will be sharing his thoughts on implementation planning.

This is a member only event, please contact Alexandra Roberts for further information.

PIMFA Trading Group

Euroclear 'Dividends in CREST' consultation response

PIMFA is planning a response to FCA's Consultation Paper 22/12: 'Improving equity secondary markets' and

Euroclear will shortly be publishing its response to the

would value input from members.

feedback received from participants on the consultation paper 'Proposed changes to enhance the payment of

The FCA is consulting on proposals to improve how UK-

dividends, interest and redemptions through the CREST

based equity markets operate. These would change

system'.

aspects of trade reporting, waivers from pre-trade transparency and the tick size regime whilst aiming to

As detailed in the response paper, Euroclear intends to

maximise execution quality for investors and improve

use the next 12 months to work with the market to

the content and efficient consolidation of post-trade

actively help address, and ideally resolve, any of the

reports.

points raised during the consultation so that it becomes the agreed standard process that these types of

They also propose to remove or amend some provisions

payments do go through the CREST system.

that impose material operational and compliance costs on firms but have not delivered material benefits to end

To help with this, Euroclear has set itself a target for

users or to market functioning.

getting all CREST participants able to accept such payments through the CREST system by September

We are arranging a hybrid review meeting for Thursday

2023, with a view to establishing this as standard by

25 August 10:00 - 12:00, venue to be confirmed, to

2024.

consider questions raised by the FCA in the Consultation Paper and gather member feedback for

For a copy of the response, please contact your

our response

Euroclear Account Manager.

If you or your colleagues would like to attend the review meeting, either in person or via video conference, please email Heidi Bryant.

FSSC Menopause in the Workplace Report Survey

Following the successful launch of their Menopause in the Workplace report, with Standard Chartered Bank last October, the FSSC is undertaking a survey of its members and the wider industry to gauge the impact of this research and recommendations. The survey will provide further insight on how the sector is building menopause awareness across the workplace and how firms are supporting employees experiencing menopause transition.

The survey has 7 questions and should take approx. 10 minutes to complete. The completion date is Friday 2 September 2022. All the data submitted is confidential and will be processed according to the FSSC data policy, which is available on request.

We plan to publish the findings in the autumn. If you have any questions, please get in touch with Linsey White (Director of Communications) or our Policy & Research Manager Katharina Ehrhart.

Latest PIMFA Press Releases:

Press Coverage

Press Coverage

PIMFA welcomes extension of the

Professional Pensions: Changes to

Insurance Post: A ‘thorough review’

Consumer Duty implementation

unsuitable DB transfer redress

of approach towards retail

timeline

planned

customers needed as FCA unveils

PIMFA announces shortlist for

CityAM: Consumer Duty set to

second Diversity & Inclusion

deliver ‘biggest regulatory overhaul

FT Adviser: Industry welcomes

Awards

in a decade’ for financial services

consumer duty extension despite

PIMFA updates Future of

MoneyAge: FCA confirms final

Supervision paper and calls for

guidance on Consumer Duty rules

new Consumer Duty rules

'tight timelines' Money Marketing:

more improvements from the

Tom Selby: FCA takes a step in the

Financial Conduct Authority

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.

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EVENTS & LEARNING PIMFA Compliance Conference 28 September | 08:30 - 16:30

Virtual Roundtable: Overcoming Misconceptions And Finding Value In Property Investing Free event for members only 21 September 2022 | 09:00 - 10:30

Hear from leading industry experts on the key issues facing compliance professionals in the investment management and financial advice world.

Bringing 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.

PIMFA WEEKLY NEWS BULLETIN | 15 AUGUST 2022 PRESS RELEASES

ABOUT PIMFA

D&I AWARDS

WEALTHTECH

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