13 Dec, 2023 Financial Regulation Legal Outlook 2024 By Rakhee Pattani Our Financial Regulation Outlook 2024 explores the key regulatory developments that we expect to see in the Banking, Asset Management and...
15 Apr, 2024 EIOPA lays down expectations for third-country reinsurance supervision By Jimi Piggott-Bader The European Insurance and Occupational Pensions Authority (EIOPA) has issued a supervisory statement laying down expectations for the...
11 Apr, 2024 EU regulators offer dry run of DORA register reporting By Raza Naeem Simon Treacy European financial firms can try out a key aspect of their DORA compliance this summer. Firms should get in touch with their regulators...
09 Apr, 2024 The BoE and PRA are getting ready to enforce against more firms. Are you impacted? By Duncan Campbell The Bank of England and PRA are preparing to take enforcement action against a wider range of firms. They've proposed new enforcement...
27 Mar, 2024 EU authorities issue 11th hour guidance on timing for the application of MiFIR review changes By Karen Cooper Sherryn Buehlmann Benjamin Maconick The European Commission has published a draft interpretative notice to provide clarity to market participants on the transitional...
22 Mar, 2024 UK lays out six-month process to choose critical third parties By Raza Naeem Jimi Piggott-Bader Simon Treacy Businesses that support the UK financial services sector may be designated as a “critical third party” under incoming rules. The...
21 Mar, 2024 FCA publishes findings on how firms provide retirement income advice (firms providing personal recommendations on investments should also take note) By Premlata Fagan On 20th March, the FCA published a report on the outcomes of its thematic review (TR 24/1) on retirement income advice. In this report,...
15 Mar, 2024 Reverse ferret on financial promotion exemptions By Clare Whittle James Morris Simon Treacy The government is undoing recent changes to a couple of important exemptions to the UK financial promotions regime. Firms which rely on...
14 Mar, 2024 Your guide to UK Banking Regulation in 2024 By Alastair Holt Simon Treacy Alastair Holt and Simon Treacy have co-authored the UK chapter for GLI’s Banking Regulation 2024. Banks continue to operate in a...
14 Mar, 2024 UK unveils measures to curb de-banking By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less New draft legislation shows how banks and other firms will have to give customers more info when ending payment contracts. The reforms,...
12 Mar, 2024 UK plans to slow down payments where fraud is suspected By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Banks and other firms will be able to delay processing payments where there are grounds to suspect fraud, according to draft legislation...
11 Mar, 2024 UK opens door to some cryptoasset exchange-traded products By James Morris Simon Treacy The Financial Conduct Authority has indicated that it would consider requests to create cryptoasset exchange-traded notes. The move...
08 Mar, 2024 EU MiFIR and MiFID II amendments are published in the Official Journal By Stephen Clipsham Following their formal adoption by the Council of the EU on 20 February 2024, the amendments to the Markets in Financial Instruments...
06 Mar, 2024 FRC sets out details and timeline for its review of the UK Stewardship Code By Premlata Fagan The Financial Reporting Council (FRC) has recently published a policy update in relation to its review of the UK Stewardship Code. Its...
05 Mar, 2024 FCA outlines its approach to enforcing critical third party regime By Raza Naeem Simon Treacy Tech firms that support financial services should note a new consultation from the Financial Conduct Authority. The FCA, along with the...
04 Mar, 2024 FCA continues its focus on wind-down plans By Olivia Murphy As any payments firm who has applied (or is applying) for authorisation in the UK will know, a key aspect of an authorisation application...
29 Feb, 2024 FCA enforcement's great reset: "boil the kettle not the ocean" By Duncan Campbell Sara Cody FCA Enforcement co-heads Therese Chambers and Steve Smart have fired the starting gun on their long-awaited refresh of the FCA's...