2021 Regulatory Reminders and Upcoming Deadlines for European firms


Martin Lovick

Publish Date



  • Compliance
  • Brexit
  • Cybersecurity
  • RegTech
  • Mirabella
  • ESG

During 2020, our understanding of risk fundamentally changed. In four chaotic weeks starting in late February, the western world went into lockdown and global equity markets fell by about a third. The massive fiscal and monetary intervention by governments and central banks to combat the economic devastation of Covid-19 sparked an initial rally in April and May, followed by a further surge in the closing months of the year. 

Most global markets (although not the energy-dominated FTSE 100) eventually closed up on the year. Bitcoin, perhaps the ultimate hedge against hyperinflation and depreciating asset values, climbed by over 300% during the same period (and further still since).

The final eight weeks of 2020 saw some more solid grounds for optimism: a US election outcome that augurs greater respect for international institutions; the discovery, approval and roll-out of Covid-19 vaccines in record time; and a Trade and Cooperation Agreement between the EU and UK just days before the precipice of a no-deal.

With the UK remaining in full lockdown, will 2021 yet see a bounding forward of economic and environmental progress, or a relapse into the stagnation and political division of the 2010s?

We’ve outlined a summary of key tasks for the compliance function, followed by a summary of the FCA’s priorities during 2021 and our analysis of key regulatory developments and longer-term trends.  Topics include:

  • Annual reports to governing bodies 
  • GABRIEL returns and the introduction of RegData
  • FCA Fee Tariff Return
  • Firm details and attestation
  • RTS 28 (Best Execution) disclosure 
  • Ex-post disclosure of costs and charges
  • Senior Managers and Certification Regime 
  • End of LIBOR
  • SEC regulatory priorities
  • UK/EU Trade and Cooperation Agreement – a new relationship with Europe
  • ESG and Sustainable Finance Disclosures
  • UK Investment Firm Prudential Regime 

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Complimentary Conference

You are invited to attend Regulatory Horizon 2021 | Navigating Evolving Risks, our free-to-attend European based conference covering key challenges for financial services firms in 2021 and beyond. Running from 2-4 March, this offers three days of insightful sessions and engaging conversations with compliance, cyber, regulatory technology, ESG and performance experts, leading lawyers, and industry practitioners.

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