14 Nov 2022

Depositary Insights Autumn 2022

Welcome to the Autumn 2022 edition of Depositary Insights which offers the latest thinking on regulatory and industry developments from NatWest Trustee and Depositary Services.

By Peter Flynn

Associate, Funds Regulation & Governance

The regulatory landscape in the latter half of 2022 is just as demanding as it was at the start of the year, with several set-piece consultations and policy statements on the agenda. A number of headline regulatory developments are now firmly on the radar – such as the new Consumer Duty – meaning that firms will be focussing not just on keeping up to speed with emerging policy developments, but also on implementation.

 

At a glance, articles in this edition include:

 

This edition focuses on some of the main policy highlights in Q3. We provide an analysis of the FCA’s new Consumer Duty, an update on the second Long Term Asset Fund consultation, a deep dive into the ‘side pocket’ proposals and what their impact has been and a review of the latest developments in environment, social and governance investing. Finally, we provide a thematic overview of regulatory horizon scanning itself, and how this important responsibility is evolving to meet today’s economic, geopolitical and climatic challenges.

 

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Keep reading Depositary Insights Autumn 2022 edition

Consumer Duty: an analysis

The FCA’s policy statement on Consumer Duty is timely given the pressures consumers are facing with cost of living, inflation and interest rate rises.

14 Nov 2022

Long Term Asset Fund revisited

The Long Term Asset Fund (LTAF) has itself become a long term feature on the regulatory agenda. Unfortunately, the uptake of LTAFs has been somewhat muted.

14 Nov 2022

Side pockets: delivering at pace

One of the most important policy developments of 2022 is the FCA’s guidance on side pockets, aimed to address the fund suspensions seen earlier in the year.

14 Nov 2022

ESG: adapting to a changing world

2022 was expected to be a year for ‘heavy lifting’ for ESG policy but the disruptions of H1 meant that much was inevitably pushed back into H2.

14 Nov 2022

Horizon scanning

Horizon scanning has always been an important part of a firm’s compliance toolkit. Recent events have shown the importance of a more holistic approach.

14 Nov 2022