work

Responses

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