29 Oct, 2021 Disclosure of climate-related financial information to come into force from 6 April 2022 By Stephen Clipsham The UK government has published a statement announcing that UK-registered companies and financial institutions will need to start...
29 Oct, 2021 Payments regulation to reach further in future By Simon Treacy The Treasury has set out its vision for the future of payments in the UK. The conclusion of its Payments Landscape Review identifies four...
29 Oct, 2021 UK regulators call on financial industry to meet the climate change challenge By Raza Naeem With COP26 around the corner, the UK financial regulators have set out the actions that they, and the financial sector, are taking in...
27 Oct, 2021 Fancy a cross-jurisdictional tour of key insurance principles? Join 'Insurance Odyssey 2021' tomorrow By Sebastian Barling We are delighted to be hosting a global insurance-focused virtual panel discussion tomorrow, 28 October 2021 with Webber Wentzel, our...
27 Oct, 2021 Illiquid nourishment: FCA finalises rules for introduction of long-term asset funds By Jimi Piggott-Bader The FCA has finalised its framework for a new type of regulated open-ended investment fund: long-term asset funds. LTAFs are designed to...
22 Oct, 2021 FCA recommends extension of SMCR to credit rating agencies By Omar Salem The FCA’s annual perimeter report recommends extending the SMCR to credit rating agencies, as well as recognised investment exchanges,...
21 Oct, 2021 Buy in haste - repent at leisure? Less likely if the Treasury's new proposals are accepted. By Linklaters It was only a matter of time - with the proliferation of easy access to credit through buy-now pay-later products ("BNPL") that are now...
21 Oct, 2021 FCA suggests applying Senior Managers Regime to e-money and payments firms By Simon Treacy The Financial Conduct Authority thinks that its individual accountability regime should be extended to the payments and e-money sector....
18 Oct, 2021 D&I in financial services - what are you thinking? By Sara Cody Financial services regulators are increasingly considering how D&I can be incorporated within their monitoring, supervisory and...
08 Oct, 2021 Can 'complexification' of financial products survive the FCA's consumer duty? By Sara Cody This FT article makes an interesting point about the role of what it terms 'conplexification' in bank business models, and its potential...
07 Oct, 2021 Suitability and integrity within a three-tier system: how the Netherlands regulates non-financial misconduct By Sara Cody We've published a podcast episode on the Netherlands' approach to non-financial misconduct and whistleblowing in financial services...
04 Oct, 2021 FMSB Spotlight Review examines hybrid working risks in FICC markets By Stephen Clipsham The FICC Markets Standards Board (FMSB) has published a Spotlight Review examining hybrid working risks in FICC markets following the...
04 Oct, 2021 PSR updates guidance on the UK Interchange Fee Regulation By Stephen Clipsham The Payment Systems Regulator has published a policy statement (PS21/1) with revised guidance on its approach to monitoring and enforcing...
04 Oct, 2021 Bank of England sets out supervisory expectations for FMIs in relation to material outsourcing to the public cloud By Stephen Clipsham The Bank of England has published three 'Dear CEO' letters (dated 17 September 2021) setting out its supervisory expectations in relation...
04 Oct, 2021 Amendments to ESMA/EBA guidelines are slowly tightening the screws on non-financial misconduct By Sara Cody ESMA and the EBA have had guidelines on assessing the suitability of members of the management body and key function holders pursuant to...
04 Oct, 2021 ESMA report proposes changes to scope of MiFID II algorithmic trading and DEA licensing requirements By Stephen Clipsham On 29 September 2021, ESMA published its long-awaited MiFID II review report on algorithmic trading. The report concludes that no...