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HoL continues scrutiny of Product Regulation and Metrology Bill in committee stage
The House of Lords (HoL) has completed the third day of committee stage for the Product Regulation and Metrology Bill on 27 November 2024. Members proposed amendments concerning industry cooperation with emergency services, product withdrawal following Trading Standards concerns and protection of patent software. The bill seeks to modernise...
Ofgem launches consultation on energy code manager selection process
Ofgem has initiated a consultation, seeking views on its proposed approach to selecting code managers under the new energy code governance framework established by the Energy Act 2023. The consultation which closes on 30 January 2025, aims to refine the selection process mandated by the Code Manager Selection Regulations 2024 by proposing a...
BoE conducts first system-wide stress test
The Bank of England (BoE) has published its final report on their system-wide exploratory scenario (SWES) exercise, which explores how the UK financial system would respond to a market shock. It is the first exercise of its kind globally, and aims to enhance understanding of the risks from non-bank financial institutions (NBFIs) and how their...
IOSCO publishes final report on regulatory implications of evolving market structures
The International Organization of Securities Commissions (IOSCO) has published its final report on the evolution in the operation, governance, and business models of exchanges. IOSCO has outlined six good practices for regulators to consider in the supervision of exchanges, covering three key areas: organisation of exchanges and exchange groups,...
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