Gold-plating
1. Law - regulation - European Union (EU) - UK.
In this context, gold-plating refers to the way in which EU member states implement regulatory provisions deriving from the EU level.
Gold-plating means adding to the requirements and administrative burdens imposed by the original provision.
The term often has a negative connotation, implying that the burdens of the gold-plated requirements are likely to be excessive, and disproportionate.
However, at the national level, regulators and others implementing strengthened regulatory regimes are likely to perceive their own changes as improvements.
2. Law - regulation - European Union (EU) - UK - Brexit - retained EU law.
By extension, similar further requirements in respect of retained - and subsequently amended - EU law.
- UK gold-plates climate-related risk disclosures
- "... it is likely that the UK will seek to maintain equivalence to, if not exceed, EU standards.
- Gold plating in the UK has already started, for instance by the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority.
- For those not subject to this supervision, an expectation of the UK’s Green Finance Strategy is that climate-related risk disclosures would be required for listed companies and large asset owners by 2022."
- Katie Kelly, senior director, market practice and regulatory policy at ICMA - The Treasurer, October 2020, p20
3. Project management.
The addition of features that are not required, nor wanted, by the client.
