The Regulatory Initiatives Grid sets out the regulatory pipeline, in order to give firms a clear view of upcoming regulatory initiatives.
Among the initiatives included in the sixth edition of the Grid are those which preserve regulatory protection while including a renewed focus on growth and competitiveness (for example, the Senior Managers and Certification Regime), those which enable a better use of technology and innovation (for example, consultations on rules for the stablecoin regime and the future regulatory regime for cryptoassets), and those that will simplify and reduce regulatory burden (for example, transforming data collection and a strong and simple prudential framework for non-systemic banks and building societies). The delay of this edition of the Grid from November 2022 to now has also allowed the regulators to better consider how the opportunities provided by the Edinburgh Reforms will impact the regulatory pipeline and initiatives over the coming years, as well as any updates to key initiatives affected by the Financial Services and Markets Bill (FSM Bill).
The Forum is comprised of the Bank of England (including the Prudential Regulation Authority), Financial Conduct Authority, Payment Systems Regulator, Competition and Markets Authority, Financial Reporting Council, The Pensions Regulator, and Information Commissioner’s Office, with HM Treasury attending as an observer member.
The Grid is published on a biannual basis where possible.