Responses | CFA UK

Please find below an archive of our responses to proposed regulatory and accounting standards changes. The advocacy committees base responses on feedback direct from members and other CFA UK relevant committees.

Date:	Response title:	Response to:	Topic:
May-23	CFA UK response to the FCA on DP23/2: Updating & improving the UK regime for asset management	FCA	Asset Management
May-23	CFA UK response to the FCA’s Discussion Paper 23/1 – ‘Finance for positive sustainable change: governance, incentives and competence in regulated firms’	FCA	Sustainability/ESG
Mar-23	CFA UK response to HMT on PRIIPs and UK retail Disclosure	HMT	Fund Disclosures
Mar-23	CFA UK response to the FCA on DP22/6 Future Disclosure Framework	FCA	Fund Disclosures
Mar-23	CFA UK response to the DWP on Value for Money: A framework on metrics, standards and disclosures	DWP	Pensions/VFM
Mar-23	CFA UK response to TPR on The Defined Benefit Funding Code of Practice (Part II)	TPR	Pensions
Jan-23	CFA UK response to the FCA regarding CP22-20: Sustainable Disclosures Regulation and Investment Labels	FCA	Sustainability/ ESG
Nov-22	CFA UK response to the DWP regarding Broadening the Investment Opportunities of DC pension Schemes	DWP	Pensions
Oct-22	CFA UK response to the DWP on Draft Regulations (Funding & Investment Strategy) for DB Pension Schemes	DWP	Pensions
July-22	CFA UK response to the Transition Plan Taskforce on their call for evidence on "A Sector-Neutral framework for private sector transition plans"	Transition Plan Taskforce	Sustainability
July-22	CFA UK response to CFA Institute on their consultation on proposed revisions to the CFA Institute Code & Standards	CFA Institute	Ethics & conduct standards
June-22	CFA UK response to the UKEB on the ISSB's Exposure Drafts for Sustainability Disclosures	UKEB	Sustainability
May-22	CFA UK response to the FCA regarding protecting investors in authorised funds following the Russian invasion of Ukraine	FCA	Market regulation
May-22	CFA UK response to the DWP regarding Facilitating investment in illiquid assets	DWP	Pensions
Feb-22	CFA UK response to the FCA regarding CP21-36: A new Consumer Duty	FCA	Ethics & conduct regulation
Feb-22	CFA UK response to HM Treasury regarding their reform proposals to the Future Regulatory Framework Review	HMT	Financial Regulation
Jan-22	CFA UK response to the FCA regarding DP21-4: Sustainability Disclosure Requirements (SDR) and investment labels	FCA	ESG
Dec-21	CFA UK response to the FCA and TPR regarding DP21-3: Driving Value for Money in Defined Contribution Pensions	FCA/TPR	Value for Money
Oct-21	CFA UK Response to the FCA on CP21-24: Diversity & inclusion on company boards and executive committees	FCA	Diversity, Equity & Inclusion
Oct-21	CFA UK & CFA Institute Joint Response to the PRA, BoE and FCA on DP21-2: Diversity & inclusion in the financial service sector	PRA/FCA/FCA	Diversity, Equity & Inclusion
Sep-21	CFA UK & CFA Institute Joint Response to the FCA on CP21-23: PRIIPs - Proposed scope rules and amendments to Regulatory Technical Standards	FCA	Investment Reporting
Sep-21	CFA UK Response to the FCA on CP21-18: Climate-related Disclosures & Reporting by issuers	FCA	Corporate Reporting/Climate Change
Sep-21	CFA UK Response to the FCA on CP21-17: Climate-related Disclosures & Reporting by firms	FCA	Corporate Reporting/Climate Change
Jul- 21	CFA UK Response to BEIS on Restoring trust in audit and corporate governance	BEIS	Corporate Reporting
Jun-21	CFA UK Response to the DWP on Social Considerations in Pension Scheme Investments	DWP	ESG/Pensions
May-21	CFA UK Response to BEIS on mandatory TCFD disclosures	BEIS	Climate Change/Corporate reporting
Apr-21	CFA UK Response to HMT's Call for Input on the UK Funds Regime	HMT	Fund management
Apr-21	CFA UK Response to the DWP on Incorporating Performance Fees within the Charge Cap	DWP	Pensions
Mar-21	CFA UK Second Response to DWP: Re Taking Action on Climate Change	DWP	Pension/Climate
Feb-21	CFA UK Response to the FCA's Position Statement PS20/17 on Climate Change Disclosure Reporting	FCA	Corporate Reporting
Feb-21	CFA UK Response to the FRC's consultation on the Future of Corporate Reporting	FRC	Corporate Reporting
Dec - 20	CFA UK Response to FCA Call for Input: Consumer Investment Markets	FCA	Investment Markets
Nov - 20	CFA UK Letter to Pauline Wallace, Chair, UK Endorsement Board	FRC	Corporate Reporting
Oct - 20	CFA UK Response to DWP: Improving the outcomes for members of DC pension schemes	DWP	Pensions/VFM
Oct - 20	CFA UK Response to CFA Institute: The Development of ESG Standards for Investment Products	CFA Institute	ESG
Oct - 20	CFA UK Response to the DWP: Taking action on climate risk: improving governance & reporting by occupational pension schemes	DWP	Pensions/ESG
Oct - 20	CFA UK Response to the FCA on CP20/3: Climate change disclosure reporting	FCA	Corporate Reporting/ESG
Sep - 20	CFA UK Response to the IASB on the general presentation & disclosures in the primary financial statements	IASB	Corporate Reporting
Sep - 20	CFA UK Response to the FCA on CP20/9: Driving value for money in pensions	FCA	Pensions/VFM
Sep - 20	CFA UK Response to the FCA on DP20/02: A new prudential regime for MiFID firms	FCA	Governance
Sep - 20	CFA UK Response to the Pension regulator on proposals for a DB Funding Code	TPR	Pensions
Aug - 20	CFA UK Response to the Joint Consultation on the Reform of the Index Linked Gilt market	UKSA / HMT	Market Practices
Mar - 20	CFA UK response to the FCA's Call for Input on Open Finance	FCA	Future of Finance
Mar - 20	The Potential Reform of the UK Index-linked Gilt Market	Chancellor of the Exchequer	Market Practices
Feb - 20	Response to Consultation on PAS 7341 on Responsible & Sustainable Investment	BSI	Sustainability/ESG
Jan-20	Joint Consultation Paper concerning amendments to the PRIIPs KID	ESMA / EU / EIOPA / EBA	Investment reporting
Sep-19	CFA UK response to the The Pensions Regulator's consultation paper on new draft guidance for pension trustees	TPR	Governance
Sep-19	CFA UK Response to The Pensions Regulator’s Consultation on the Future of Trusteeship and Governance	TPR	Governance
Jul-19	CFA UK Response to the FCA’s Consultation (CP19/15) on Extending the Duties of IGCs	FCA	ESG/VFM
Apr-19	CFA UK Response to the FRC/FCA joint discussion paper (DP19/01): Building a regulatory framework for effective stewardship	FRC/FCA	Governance
Mar-19	CFA UK Response to the FCA's Consultation (CP19/07) on proposals to improve shareholder engagement	FCA	Governance
Mar-19	CFA UK Response to the FRC's Consultation on the Stewardship Code	FRC	Governance
Mar-19	CFA UK Response to the Investment Association's Consultation on Sustainable & responsible Investment	IA	ESG
Jan-19	CFA UK Response to DP18/08: Climate Change & Green Finance	FCA	ESG/Financial Reporting
Oct-18	CFA UK Response to FCA Consultation Paper 18-19: Introducing the Directory	FCA	Governance
Sept-18	CFA UK Response to the FCA's Investment Platforms Market Study MS17/1.2	FCA	Asset Management
Aug-18	CFA UK Response to BEIS Call for Evidence for the Independent Review of the FRC	BEIS	Financial Reporting
July-18	CFA UK Response to the EU Consultation on the EU Reporting Framework	EU	Financial Reporting
July-18	CFA UK Response to FCA Consultation Paper 18/9: Fund Objectives and Use of Benchmarks	FCA	Asset Management
Feb-18	CFA UK Response to FRC Consultation on Revisions to the UK Corporate Governance Code	FRC	Corporate Governance
Nov-17	CFA UK Response to FCA Consultation Paper 17/25 Individual Accountability	FCA	Corporate Governance
Oct-17	CFA UK Response to FCA Consultation Paper 17-18	FCA	Asset Management
May-17	Response to Technical Consultation on Enhanced Disclosure of Charges and Transaction Costs	Investor Association	Asset Management
May-17	Response to Discussion Paper DP17/1 - Illiquid assets and open-ended investment funds	FCA	Asset Management
Mar-17	CFA UK Response to FRC Consultation on Improving Cash Flow	FRC Consultation	Financial Statements
Feb-17	CFA UK Response to Asset Management Market Study Interim Report MS15/2.2	FCA Consultation	Asset Management
Feb-17	Response to Green Paper (Nov 2016) - Corporate Governance Reform	Department for Business, Energy & Industrial Strategy	Corporate Governance
Jan-17	Response to Consultation CP16/29 – Markets in Financial Instruments Directive II Implementation	Consultation Paper III Response to FCA Topic	MIFID
Sep-16	Response to Discussion Paper on 21st Century Trusteeship and Governance	Response to The Pensions Regulator Topic	Pensions
Jul-16	CFA UK Response to FCA Consultation DP16-3 on UK IPO process	FCA	Financial Statements
Jun-16	CFA UK Response to HM Treasury on diversity in the investment profession	HM Treasury	Diversity
Apr-16	CFA UK Response to EC consultation on non-financial reporting guidelines		EC
Mar-16	CFA UK Response to EC consultation on long-term and sustainable investment		EC
Mar-16	CFA UK Response to IASB on Application of Materiality to Financial Statements	IASB	Financial Statements
Jan-16	Response to IASB on IAS7 Net debt	IASB	Financial Statements
Jan-16	CFA UK Response to IFRS Foundation Review	IASB	Financial Statements
Jan-16	CFA UK Response to IASB Agenda Consultation	IASB	Financial Statements
Jan-16	CFA UK Response to Conceptual Framework	Financial Reporting Council	Financial Statements
Jan-16	CFA UK response to FCA Asset Management Market study	FCA	FCA
Apr-15	EC consultation on Capital Markets Union	EU Commission	Financial Reporting
Mar-15	IASB consultation regarding debt reconciliation	IASB	Financial Reporting
Feb-15	Fair and Effective Markets Review		FCA
Dec-14	EFRAG consultation regarding Acquisition Step-ups		Financial Reporting
Nov-14	Consultation on the impact of IFRS in the EU		Financial Reporting
Nov-14	IOSCO Statement on Non-GAAP Financial Measures		Financial Reporting
Sep-14	Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging		Hedge Accounting
Sep-14	Wholesale sector competition review – Call for inputs	FCA	Competition
Aug-14	Response to CP14/12: Removing the Transparency Directive’s requirement to publish interim management	FCA	IMS
Aug-14	Response to discussion paper: Should goodwill still not be amortised?	European Financial Reporting Advisory Group	Disclosure for goodwill
Jul-14	Response to consultation: Revised IASB Exposure Draft (ED) Leases	European Financial Reporting Advisory Group	Leases
Jun-14	Local Government Pension Scheme: Opportunities for collaboration, cost savings and efficiencies	Department for Communities and Local Government	Local Government Pension Scheme
Jun-14	Review of enforcement decision-making at the financial services regulators: call for evidence	HM Treasury	Enforcement Review
May-14	CFA UK response to proposed revisions to the UK Corporate Governance Code	FRC	Corporate Governance
May-14	Post-implementation review – IFRS 3 Business Combinations	IASB	IFRS
Apr-14	CFA UK response to ESMA guidelines on alternative performance measures	ESMA	Alternative Performance Measures
Mar-14	Dealing Commission and Market for Research	FCA	Dealing Commission/Research
Mar-14	Lambert Banking Standards Review	Banking Standards Review	Banking Standards
Jan-14	CFA UK proposal to raise fees from the industry	Fees & levies (CP 13/1)	FCA
Jan-14	CFA UK response to IASB conceptual framework discussion paper	IASB	Financial Reporting
Jan-14	Fiduciary Duties of Investment Intermediaries	Law Commission	Fiduciary Duty
Sep-13	Local Government Pension Scheme call for evidence	Department for Communities and Local Government	Local Government Pension Scheme
Jun-13	CFA UK response to IASB ED ‘Financial Instruments: Expected Losses'	Financial Analysis and Reporting Committee (FRAC)	IASB
Jun-13	CFA UK response to Fiduciary Duty	Law Commission	Fiduciary Duty
May-13	CFA UK response - PCAW Whistleblowing	Public Concern at Work (PCAW)	Whistleblowing
Apr-13	CFA UK response to ‘Prudence is Missing’ by UKSA	Financial Analysis and Reporting Committee (FRAC)	UK Shareholders Association (UKSA)
Apr-13	CFA UK fees and levies 2013	FCA	Fees & Levies
Mar-13	CFA UK response to FRC’s proposed ISA 700 revisions	FCA	ISA Reporting Standards
Mar-13	CFA UK response to IFRS 9 amendments	IFRS	IASB
Mar-13	CFA UK response to FCA paper on Transparency (DP 13/1)	FCA	Transparency
Mar-13	Letter to Her Majesty's Treasury - Foresight: The Future of Computer Trading in Financial Markets	Department for Business, Innovation & Skills	Computer Trading in Financial Markets (HFTs/AT)
Mar-13	CFA UK response to Statutory Audit Services Market Investigation	Competition Commission	Statutory Audit Services Market Investigation
Mar-13	CFA UK response to the Parliamentary Commission on Banking Standards	Parliamentary Commission on Banking Standards	Banking standards
Feb-13	Journey to the Financial Conduct Authority	Financial Services Authority	FCA
Feb-13	The Regulation and Supervision of Benchmarks (Libor) (CP 12/36)	Financial Services Authority	Libor
Feb-13	Implementation of the Alternative Investment Fund Managers Directive (AIFMD) (CP 12/32)	Financial Services Authority	Alternative Investment Fund Managers Directive
Jan-13	CFA UK response to FRC paper on improving disclosure in financial statements	FRC	Financial Statements
Dec-12	CFA UK response to IFRS 8	IFRS	Financial reporting
Nov-12	CFA UK response to European Market Infrastructure Regulations (EMIR) (CP12/22)	Financial Services Authority	European Market Infrastructure Regulations (EMIR)
Nov-12	CFA UK response Kay Review Final Report	Department for Business, Innovation & Skills	The Kay Review of UK Equity Markets
Sep-12	CFA UK response IASB request for feedback on Revenue Recognition	IASB	Revenue Recognition
Sep-12	Parliamentary Commission on banking standards	Parliamentary Commission on Banking Standards	Banking standards
Aug-12	CFA UK response IASB Staff letter on impairment	IASB	Impairment
Jun-12	Financial Reporting Council Consultation: Stewardship Code	Financial Reporting Council	Stewardship
Jun-12	Financial Reporting Council Consultation: Code for Corporate Governance	Financial Reporting Council	Corporate Governance
Apr-12	Kay Review Interim Report	Department for Business, Innovation & Skills	The Kay Review of UK Equity Markets
Apr-12	Amendments to the Listings Regime (CP12/02)	Financial Services Authority	Listings Regime
Mar-12	Revenue from Contracts with Customers	International Accounting Standards Board	Revenue Recognition
Mar-12	Kay Review Interim Report	The Kay Review of UK Equity Markets	Equity Markets
Feb-12	Treasury Select Committee: Financial Services Bill	CFA UK	Financial Services Bill
Feb-12	Regulatory fees and levies: Policy Proposals for 2012/13 (CP11/21)	Financial Services Authority	Fees & Levies
Jan-12	Reform of the Financial Reporting Council	Financial Reporting Council	Reform of the FRC
Jan-12	Retail Product Development and Governance: Structured Products Review	Financial Services Authority	Retail Product Development & Governance
Dec-11	The Kay Review of UK Equity Markets	Department for Business, Innovation & Skills	The Kay Review of UK Equity Markets
Nov-11	Narrative Reporting	Department for Business, Innovation & Skills	Narrative Reporting
Nov-11	FTSE Free Float consultation	FTSE	Free Float Consultation
Nov-11	Executive Remuneration	Department for Business, Innovation & Skills	Executive Remuneration
Nov-11	IASB Agenda consultation	International Accounting Standards Board	Agenda Consultation
Nov-11	Financial Reporting Lab	Financial Reporting Council	Financial Reporting Lab
Aug-11	UK Border Agency: Employment Related Settlement	UK Border Agency/Home Office	Work Settlement
Aug-11	Financial Services Bill – call for evidence	Joint Parliamentary Committee	Financial Services Bill
Aug-11	Financial Conduct Authority: Approach to Regulation	Financial Services Authority	Financial Conduct Authority
Jun-11	Financial Reporting Council: Gender Diversity	FRC	Gender Diversity
Jun-11	IFRS Foundation Strategy	IFRS	IASB
Apr-11	IASB Exposure Draft on Offsetting	IFRS	Offsetting
Apr-11	FSA (DP 11/1): Product Intervention	Financial Services Authority	Product Intervention
Mar-11	New Regulatory Framework for Financial Services in the UK	HM Treasury	New Regulatory Framework
Mar-11	IASB Exposure Draft on Hedge Accounting	International Accounting Standards Board	Hedge Accounting
Mar-11	Simple Financial Products	HM Treasury	Simple Financial Products
Feb-11	Financial Promotions: Guidance Consultation	Financial Services Authority	Financial Promotions Guidance Consultation
Jan-11	Establishing the Risk a Customer is Willing to Take and Making a Suitable Investment Selection	Financial Services Authority	Customer Risk and Suitable Investment Selection
Jan-11	EU Commission: Disclosure of Non-Financial Information by Companies	EU Commission	Disclosure of Non-Financial Information
Jan-11	Retail Distribution Review – call for evidence	Treasury Select Committee	Retail Distribution Review
Jan-11	Long-Term Focus for Corporate Britain – call for evidence	Department for Business, Innovation & Skills	Long-Term Focus
Jan-11	IFRS Strategy Review	International Accounting Standards Board	IFRS
Dec-10	IASB Exposure Draft on Leases	International Accounting Standards Board	Leases
Dec-10	FSA (CP 10/27): Implementing CRD3 requirements on the disclosure of remuneration	Financial Services Authority	Implementation of Remuneration Disclosure
Nov-10	Insurance Contracts Exposure Draft	International Accounting Standards Board	Insurance Contracts
Nov-10	Revenue Recognition IASB/FASB Exposure Draft	International Accounting Standards Board	Revenue Recognition
Nov-10	A New Approach to Financial Regulation: Judgement, Focus and Stability	HM Treasury	Financial Regulation
Aug-10	FSA (CP 10/12): Competence and ethics	Financial Services Authority	Competence, Ethics
May-10	FSA (CP 10/9): Enhancing the client assets sourcebook	Financial Services Authority	Client Assets
May-10	FSA (CP 10/3): Effective corporate governance	Financial Services Authority	Corporate Governance
Mar-10	Revised UK Corporate Governance Code	Financial Reporting Council	Corporate Governance
Mar-10	Delivering the Retail Distribution Review: Professionalism	Financial Services Authority	Retail Distribution Review
Nov-09	Use of Standard Reporting Format for Financial Reporting	Committee of European Securities Regulators	XBRL
Aug-09	Rfl: Impairment	International Accounting Standards Board	Impairment
Aug-09	DP: Credit risk in liability measurement	International Accounting Standards Board	Credit Risk Impairment
Jun-09	Revenue Recognition	International Accounting Standards Board	Revenue Recognition
Jun-09	ED: Derecognition	International Accounting Standards Board	Derecognition
Jun-09	DP: Leases	International Accounting Standards Board	Leases
Apr-09	FSA (DP 09/1): Short selling	Financial Services Authority	Short-selling
Apr-09	DP: Financial Statement Presentation	International Accounting Standards Board	Financial Statements
Mar-09	ED (10): Consolidated Financial Statements		Financial Statements
Feb-09	FSA (CP 08/25): The approved persons regime – significant influence function review	Financial Services Authority	Approved Persons Regime
Jan-09	Investments in Debt Instruments	International Accounting Standards Board	Debt
Dec-08	Financial Instrument Disclosures	International Accounting Standards Board	Financial Instruments
Aug-08	Disclosure of Liquidity Support	Financial Services Authority	Liquidity
Aug-08	Reducing Complexity in Reporting Financial Instruments	International Accounting Standards Board	Financial Instruments
Jul-08	Short-selling During Rights Issues	Financial Services Authority	Short-selling
Jun-08	The Financial Reporting of Pensions	International Accounting Standards Board	Pensions
Mar-08	Structure of the Listing Regime	Financial Services Authority	Listings Regime
Feb-08	Contracts for Difference	Financial Services Authority	Contracts for Difference
Nov-07	Hedge Fund Standards	Hedge Fund Working Group	Hedge Fund
Sep-07	Holding Periods of Equities		Equities
Sep-07	Disclosure and Transparency in Private Equity	Walker Working Group	Private Equity
Jul-07	National Occupational Standards for Wholesale Securities and Derivatives Distribution	Financial Services Skills Council	National Occupational Standards
Jun-07	Headline Earnings	IFRS	Earnings
Jun-07	PAAinE: Usefulness of Financial Statements	International Accounting Standards Board	Financial Statements
Apr-07	FSA (CP 07/4): Training and Competence Sourcebook Review	Financial Services Authority	Training & Competence
Dec-05	FSA (DP 05/5): Trading Transparency in the UK Secondary Bond Markets	Financial Services Authority	Bonds
Nov-05	EU Endorsement of IFRS2: Share-based Payments	Department of Trade & Industry	IFRS
Sep-05	FSA (CP 05/10): Handbook Consultation Paper	Financial Services Authority	FSA Handbook
Sep-05	Comprehensive Income	International Accounting Standards Board	Comprehensive Income
Sep-05	IFRS 3, IAS 27 and IAS 37	International Accounting Standards Board	IFRS
Jul-05	Pension Scheme Governance – Fit for the 21st Century?	National Association of Pension Funds	Pensions
May-05	Code of Practice: Trustee Knowledge and Understanding (TKU)	Pensions Regulator	Trustee Pensions
Feb-05	Reporting Exposure Draft, Reporting Standard 1: Operating and Financial Review	International Accounting Standards Board	Operating & Financial Review
Feb-05	IASC Foundation Consultation Paper	International Accounting Standards Board	IASC
Oct-04	FRED 34	Financial Services Authority	FRED
Sep-04	Morris Review of the Actuarial Profession		Actuarial
Aug-04	Regulations on the Operating and Financial Review and Directors Report	Department of Trade & Industry	Operating & Financial Review
Aug-04	Endorsement of IAS 39	Department of Trade & Industry	IAS
Jan-04	FSA (CP 203): Review of the Listing Regime	Financial Services Authority	Listings Regime
Dec-03	FSA (CP 205): Conflicts of Interest – Investment Research and Issues of Securities	Financial Services Authority	Conflicts of Interest
Nov-03	Financial Analysts: Best Practices in an Integrated European Financial Market		Financial Analysts
Nov-03	An Ethical Framework for Financial Services	Financial Services Authority	Ethical Framework
Sep-03	FSA (CP 176): Bundling and Softing	Financial Services Authority	Bundling & Softing
Apr-03	FSA (CP 171): Conflicts of Interest – Investment Research and Issues of Securities	Financial Services Authority	Conflicts of Interest
Nov-02	FSA (DP 15): Investment Research – Conflicts and Other Issues	Financial Services Authority	Investment Research
Sep-02	AIMR Draft Research Objectivity Standards		Objectivity Standards
Aug-02	Review of the Role and Effectiveness of Non-Executive Directors		Non-Executive Directors
Aug-02	FRED 24: The Effects of Changes in Foreign Exchange Rates	International Accounting Standards Board	FRED
Aug-02	FRED 25: Related Party Disclosures	International Accounting Standards Board	FRED
Aug-02	FRED 26: Earnings Per Share	International Accounting Standards Board	FRED
Aug-02	FRED 27: Events after the balance sheet	International Accounting Standards Board	FRED
Aug-02	FRED 28: Inventories, Construction and Service Contracts	International Accounting Standards Board	FRED
Aug-02	FRED 29: Inventories, Construction and Service Contracts	International Accounting Standards Board	FRED
Jul-02	FSA (CP 135): New Collective Investment Scheme Products	Financial Services Authority	Investment Schemes