Dec 06, 2023 On Consumer Duty, keep being proactive: FCA By Duncan Campbell Over 6000 people beat down the door of the FCA's Consumer Duty webinar on 6 December 2023. So many that the FCA's systems were...
Dec 05, 2023 Technology Working Group sets out its vision for implementing UK fund tokenisation By Premlata Fagan In a recent speech the FCA highlighted “supporting technological advance” as one of its three main priorities for reform of the asset...
Nov 20, 2023 In the Julius Baer case, a costs order with a real sting in the tail By Duncan Campbell Upper Tribunal Judge Herrington - sitting in retirement - has delivered a final blow to the FCA with a partial costs order in Seiler v...
Nov 01, 2023 Consumer Duty: metaphor, messages and sabre-rattling By Duncan Campbell The FCA is waxing lyrical about how central the Consumer Duty is to its work. Its metaphors have tempered over time (remember the...
Oct 30, 2023 The Consumer Duty: data, data, data By Duncan Campbell The FCA's Annual Public Meeting is an important opportunity for FCA execs to do some market messaging. And this year, when it comes to...
Oct 20, 2023 The Consumer Duty and the Champion: a primer for boards and board members By Duncan Campbell In this post - aimed at boards and board members - we explain how the Consumer Duty can apply to companies whether or not financial...
Oct 09, 2023 Key messages from the FCA on sanctions compliance and controls By James Bowen The FCA has indicated its focus on sanctions compliance and control measures in the UK regulated sector on a number of occasions since...
Sep 05, 2023 FCA opens consultation to move IDD level 2 measures for insurance firms into its Handbook By Jimi Piggott-Bader The FCA has opened a consultation (CP23/19) on moving a tranche of retained EU 'delegated regulations' - linked to the Insurance...
Aug 20, 2023 Have crypto, will travel - FCA sets out Travel Rule expectations for UK cryptoasset businesses By Jimi Piggott-Bader The FCA has set out its expectations for cryptoasset firms in complying with the incoming 'Travel Rule'. Under the Rule - which comes...
Jul 27, 2023 The Consumer Duty and transitioning to BAU By Alexia Katzaros The Consumer Duty (the Duty) comes into force on 31 July 2023 for new and existing products and services. As firms complete their...
Jul 18, 2023 The Supreme Court’s APP Quincecare decision vs the Consumer Duty By Sara Cody Duncan Campbell The Supreme Court has handed down its judgment in Philipp v Barclays Bank UK plc [2023] UKSC 25, an important case in relation to the...
Jul 12, 2023 Non-financial misconduct - FCA responds to the Treasury Select Committee, but questions remain By Becky Heaysman The FCA has written to the Treasury Select Committee explaining its supervision and investigation of Odey Asset Management and Crispin...
Jul 06, 2023 FCA directs asset management firms to increase their focus on liquidity risk By Premlata Fagan Quick action by outliers is vital to avoid regulatory intervention, according to the FCA as it publishes findings and examples of good...
Jul 05, 2023 FCA finalises new guidance for insurers on supporting customers in financial difficulty By Jimi Piggott-Bader The FCA has finalised new insurance guidance for supporting customers in financial difficulty (PS23/9). The guidance replaces and expands...
Jul 05, 2023 Countdown to the Consumer Duty: FCA provides 10 key questions for firms to consider By Gayle Marufu With just under a month remaining until the Consumer Duty Implementation Deadline on July 31, the FCA has published 10 key questions that...
Jul 05, 2023 FOS: What the FCA’s Consumer Duty means for resolving complaints. By Gayle Marufu As we inch closer to the 31 July implementation deadline, all eyes are on how the regulators and the Financial Ombudsman Service (the...