Updated: Nov 15
On November 1st the FCA set out its latest planned Regulatory Initiatives Grid for the next 24 month period, as set out by the Financial Services Regulatory Initiatives Forum.
The Grid sets out the pipeline of regulatory change. It is updated twice a year, and the idea is to aid firms in understand in advance the plan around, and the timeframe for, changes that may impact their business model.
This was especially important during the start of the coronavirus (Covid-19) crisis when the first Grid was published in May 2020. The Forum members worked closely with firms to coordinate their response and part of this was to cancel or delay several initiatives to reduce operational burdens on firms.
The Forum now has a more forward looking approach, whilst keeping in mind the operational disruption that the financial services industry still faces.
As a new feature for this edition, the Forum have highlighted within the Grid key examples of closely interconnected initiatives to help stakeholders identify these more readily.
A copy of the Grid can be accessed here