Monday, 25 February 2013

Europe: FSA update on CRD IV implementation

The Financial Services Authority has published an update with regard to the implementation of the new European CRD IV legislation in the United Kingdom: see here. The FSA notes that the European Commission CRD IV proposals - consisting of a Regulation and a Directive - had an implementation date of 1 January 2013 but that agreement has not yet been reached between the European Commission, Parliament and Council. Nevertheless, the FSA expects all firms within the scope of CRD to undertake all preparatory work that is possible in the absence of finalised European legislation.

No comments: