Regulatory Alerts2022-05-17
Council of Financial Regulators Forward Plan for Regulatory Initiatives Affecting the Financial Sector
The Council of Financial Regulators issued a forward plan detailing regulatory initiatives for the financial sector from Q4 2020 through Q4 2021. The document outlines specific timelines for consultations, implementation, and legislative reviews across banks, insurers, managed investment schemes, and financial advisors. Key actions include the commencement of the new financial advice regime in March 2021, the restart of breach reporting for banks in January 2021, and ongoing reviews of prudential regimes and consumer data rights.
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