Upcoming FinTech-related Regulatory Developments ' March And April 2023

• Law Firm: Herbert Smith Freehills
• Subject Matter: Finance and Banking, Technology, Capital Adequacy/BASEL, Financial Services, Fin Tech
• Author: Ms Karen Anderson, Cat Dankos and Mary O'Donnell
• Published date: 13 March 2023

In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in March and April 2023.

3 Mar	Deadline for responses to HMT CP on PRIIPs and UK Retail Disclosure (Edinburgh Reforms)
16 Mar	Call for feedback on draft implementing regulation on conduct of proceedings under Digital Services Act closes
20 Mar	ECB launch of new RTGS and T2 (delayed from 21 Nov 2022) SWIFT cross-border ISO 20022 implementation
23 Mar	Application of the DLTR ESMA guidance on applications under the DLT Pilot Regime enters into force
30 Mar	FCA Board Meeting
31 Mar	Pay.UK to report to PSR on future plans for Bacs (SD2a) by this date
7 Apr	Deadline for responses to HMT's CfE on Payment Services Regulations
11 Apr	Deadline for PSR CP for card scheme and processing fees market review
26 Apr	BCBS workshop - financial regulation business model innovation and resilience
27 Apr	FCA Board Meeting
30 Apr	Deadline for responses to HMT CP on regulatory approach to cryptoassets

Table of abbreviations:

BCBS	Basel Committee on Banking Supervision	ESMA	European Securities and Markets Authority
CfE	Call for Evidence	FCA	Financial Conduct Authority
CP	Consultation Paper	HMT	HM Treasury
DLT	Distributed Ledger Technology	PRIIPs	Packaged Retail and Insurance-based Investment Products
DLTR	DLT Pilot Regulation	PSR	Payment Systems Regulator
ECB	European Central Bank	RTGS	Real-time Gross Settlement

The content of this article is intended to provide a general guide to the subject matter. Specialist advice...