2021 Outlook – 5 top trends in UK regulation
In our 2021 Outlook, we identify 5 trends in UK financial services regulation likely to define 2021. They are by no means the only trends
FCA consults on approach to international firms doing business in the UK
On 23 September 2020, the FCA published a consultation (CP 20/20) on its general approach to international firms providing or seeking to provide financial services
FCA heralds shake-up in the Retail Investments Market
On 15 September 2020, the FCA launched a “Call for Input: The Consumer Investments Market”. “Enabling effective consumer investment decisions” was one of the FCA’s
ESMA makes recommendations on Brexit delegation model for investment managers of EU funds
On 19 August 2020, the European Securities and Markets Authority (ESMA) wrote to the European Commission (Commission) making recommendations for the forthcoming review of the Alternative
New York Department of Financial Services fine of Deutsche Bank contains lessons for correspondent banks
Failings in AML controls The headlines regarding the action against Deutsche Bank for AML failings focused on a failure to properly monitor account activity of
Payments and e-money firms: FCA guidance introduces new requirements on audit, wind-down plans, capital and safeguarding
On 9 July, the FCA published its finalised ‘temporary’ guidance: “Coronavirus and safeguarding customers’ funds: additional guidance for payments and e-money firms” (the Guidance) along with a “Dear
SIPP operators – due diligence after Carey
On 18 May 2020, the case of Russell Adams v Options SIPP UK LLP (formerly Carey Pensions UK LLP) (the Carey case) was handed down,
New Prudential Regime for Investment Firms
On 23 June 2020, HM Treasury confirmed that the UK will introduce its own prudential regime for investment firms, the Investment Firms Prudential Regime (IFPR), based on the
New prudential guidance may increase capital requirement for many payments and e-money firms
Stricter regulatory approach to payments sector Up to now payments and e-money firms (Payment Institutions (PIs) and E-money Institutions (EMIs)) have not been subject to regulatory capital
Resilience – now a key strategic focus for the FCA
The shape of regulation after the Covid-19 crisis response With the FCA moving from crisis response to new normal, have areas of strategic focus changed?
Category
Recent Posts
Archives
