Regulators publish UK Regulatory Initiatives Grid

According to the FCA, the UK Financial Services Regulatory Initiatives Forum has published the latest edition of the Regulatory Initiatives Grid, setting out the UK financial services regulatory pipeline for the next two years. The stated purpose is to give firms clearer visibility of upcoming regulatory change so they can plan effectively, supporting a stable environment for growth. 

This edition covers current and planned initiatives across nine organisations and lists 124 live initiatives, which is described as a 13% reduction from the previous edition. The Grid also reports 45 joint initiatives, signalling coordinated work across regulators and government departments. 

The Grid highlights initiatives aligned with the Government’s Financial Services Growth and Competitiveness Strategy. In the area of financial stability and regulatory efficiency, it points to the implementation of Basel 3.1 standards, the Strong and Simple framework, Prospectus Regime Reform, and the Wholesale Markets Review. 

For innovation, the Grid references work to support a UK-issued stablecoin regime, reforms to the UK captives insurance regime, and the National Payments Vision aimed at delivering “world-leading payment solutions.” 

On consumer confidence and investment, it flags the Advice Guidance Boundary Review and planned regulation of Buy Now Pay Later (BNPL) products. 

Overall, the impact is practical: the Grid is intended to reduce uncertainty by consolidating what is coming, encouraging sequencing and collaboration, and helping firms allocate resources to compliance and implementation work more efficiently. It is also positioned by senior regulators as a way to deliver change “at pace” while maintaining agility and a foundation of financial stability. 

Source: Regulators Forum publishes Regulatory Initiatives Grid to support innovation and stability | FCA