3/27/2024 5:41:20 PM 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...
3/22/2024 2:39:23 PM 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...
3/21/2024 12:16:20 PM 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,...
3/15/2024 9:08:33 AM 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...
3/14/2024 4:25:35 PM 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...
3/14/2024 12:48:40 PM UK unveils measures to curb de-banking By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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,...
3/12/2024 2:15:31 PM UK plans to slow down payments where fraud is suspected By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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...
3/11/2024 3:57:59 PM 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...
3/8/2024 12:11:37 PM 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...
3/6/2024 11:24:51 AM 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...
3/5/2024 11:12:23 AM 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...
3/4/2024 10:55:38 AM 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...