Industry faces mounting to-do list as regulatory equivalence drifts ever further

Edinburgh Reforms and SDR

Regulatory teams face another tough year in 2023, as further divergence between the EU and UK regimes extends the list of rules that must be followed according to two separate codes.

There are a range of regulations for asset managers to wrestle with next year, but the recent Edinburgh Reforms may cause particular headache, alongside getting to grips with SDR and SFDR, while Consumer Duty remains firmly in the headlights. Edinburgh Reforms Managing associate at Simmons & Simmons James Wallace said that while it is "too early to tell whether there will be material changes" to the UK's financial services as a result of the Edinburgh Reforms, few are anticipating equivalence. Private markets to face reality check in 2023 "Smaller UK-focused managers may wish to ...