05 Mar, 2024 Major changes proposed for FCA enforcement regime By Laura Bridgewater Dan Lavender Madeleine Brown The FCA has launched a consultation on changes to its enforcement regime. If enacted, this will be the biggest shake up of the...
16 Feb, 2024 PRA unveils its new early settlement scheme – what might the likely impact be and should we expect similar for FCA Enforcement? By Laura Bridgewater Olivia Pearson Madeleine Brown The Bank of England (Bank) recently published its new policy statement, PS1/24 – The Bank of England's approach to enforcement, on the...
23 Jan, 2024 Non-financial misconduct – further warning shots fired By Dan Lavender Laura Bridgewater Madeleine Brown There were two interesting developments last week on the regulatory hot topic of non-financial misconduct. This is against the backdrop...
12 Jan, 2024 Second fine by PRA for breach of Senior Manager Conduct Rules By Dan Lavender Laura Bridgewater The Prudential Regulation Authority (PRA) has fined the former CEO of Wyelands Bank Plc £118,808 for breaching PRA Conduct Rules over a...
20 Nov, 2023 AIFMD II - Final compromise text published By Gavin Haran Samuel Brooks Michael Sholem Shang-Hsuen Koh +1 more... Show less The “final text” of the amending directive (AIFMD II) on the amendment of Directive 2011/61/EU on alternative investment fund managers...
09 Oct, 2023 Penalising default interest: a spotlight on the bridging loan market By Adam Caines Christian Anthony Rachael Preston Katherine Hensby +1 more... Show less Earlier this year, the High Court ruled that a clause in a loan agreement which imposed a default interest rate of 4% per month...
19 Sep, 2023 SFDR 2.0: pivoting in the direction of UK SDR? By Lora Froud Tiffany Cox Emma Garnham Gavin Haran +1 more... Show less On 14 September 2023, the European Commission published a targeted consultation questionnaire to gather feedback prior to proposing...
17 Aug, 2023 ISDA amends the notices, force majeure and illegality provisions of the ISDA Master Agreement By Christine Long William Sykes ISDA have published a set of amendments to the ISDA Master Agreement (the ISDA MA) following the Covid-19 pandemic and sanctions on...
26 Jul, 2023 Greenwashing to greenhushing - key takeaways By Rachel Richardson Tiffany Cox Praveen Gopalan Emily Batchelor +1 more... Show less As part of the Net Zero Lawyer’s Alliance's (NZLA) programme for London Climate Action Week, Macfarlanes held a panel session titled...
08 Jun, 2023 FCA plans response to dissatisfaction of whistleblowers By Helen Carter Daniel Fisher Madeleine Brown In May, the FCA published its findings from a qualitative assessment survey it conducted back in January 2022 to explore the experiences...
17 May, 2023 Enforcement crackdown on use of unauthorised communication channels continues By Lorna Emson Helen Carter Madeleine Brown invAs we wrote about in more detail in our recent article, employee use of personal communications channels for work purposes has become...
20 Apr, 2023 PRA takes enforcement action under the Senior Managers & Certification Regime By Dan Lavender Daniel Fisher Madeleine Brown The Prudential Regulatory Authority (PRA) has issued a fine against an individual under the Senior Managers & Certification Regime...
03 Feb, 2022 ESMA’s briefing on tied agents: UK managers in the firing line? By Gavin Haran ESMA’s supervisory briefing on supervisory expectations in relation to firms using tied agents in the MiFID II framework will be...
29 Sep, 2021 The ISDA 2021 EONIA Collateral Agreement Fallbacks Protocol By Robert Daniell The European Overnight Index, or EONIA, is due to permanently cease to be published from 3 January 2022, as EONIA does not meet the...
14 Jun, 2021 How secure are secured liabilities? By Rosie Marriott When finances become distressed, creditors examine all avenues to recover their debt which can result in any intercreditor agreements...
09 Mar, 2021 Derivatives margin – UK launches consultation for proposed changes By Edward Karsten Following recent changes to EU law regarding derivatives margin and clearing and indications by the UK’s Prudential Regulation Authority...