Key developments expected in September 2016 include the following:

1. September 2016. FCA to PUBLISH CONSULTATION paper on
   1. updating and clarifying consumer credit reporting provisions.
2. 7 September 2016. Date by which firms within the scope of the senior manager’s regime (SMR) MUST COMPLY with
   1. the new whistleblowing rules.
3. 7 September 2016. Date by which companies within the framework of the SMR MUST IDENTIFY STAFF that are
   1. carrying on either a client dealing significant-harm function or an algorithmic trading significant-harm function and
   2. ensure that they are trained in respect of the conduct rules under the SMR and certification regime.
4. 7 September 2016. Date by which individual firms within the senior insurance managers regime (SIMR) (that is, those under the Solvency II Directive (2009/138/EC) (Solvency II) and large non-Directive firms) MUST SUBMIT
   1. The Scope of Responsibilities forms to the relevant regulator.
5. 18 September 2016. Date by which MEMBER STATES MUST transpose the Payment Accounts Directive (2014/92/EU) (PAD) into national law.
   1. The UK implementing legislation will come into force on this date.