01 May, 2024 UK lays out roadmap for Overseas Funds Regime By Raza Naeem Benjamin Maconick Emily Harmsworth Premlata Fagan Simon Treacy +2 more... Show less European funds can seek longer-term access to the UK market from later this year, according to a new OFR roadmap released by HM Treasury...
30 Apr, 2024 Bank of England steers market infrastructure to “test the unlikely” before operational resilience deadline By Simon Treacy The Bank of England has warned financial market infrastructures that they still have considerable work to do before operational...
25 Apr, 2024 CRO letter from PRA: Thematic review of private equity related financing – what do banks need to do before the August 2024 deadline? By Premlata Fagan In recent months regulatory focus has been on the scale, breadth, complexity and interconnectedness of banks’ private equity related...
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...
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...
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...
26 Feb, 2024 Four options for firms to consider when approaching the EU’s CRD6 By Jankee Gohil Simon Treacy As the legislative process for CRD6 / CRR3 comes to a close, attention is turning to what firms need to do to comply with the incoming...