27 Apr 2022 FCA implements new requirements for board and executive diversity reporting By Dominic Sedghi, Dan Lavender, Helen Harvey Macfarlanes' Corporate Law Update reported on the Financial Conduct Authority (FCA)’s recently-published policy statement on diversity...
23 Mar 2022 UK Prospectus Regime Reform Review Outcome: is this the path to a complete rethink? By Richard Fletcher, Clare Golding The UK Prospectus Regime Review Outcome (PRRO) published by HM Treasury at the beginning of March 2022 gives us further insight into the...
01 Mar 2022 Overseas Funds Regime: "live" but not yet kicking By Lora Froud, Dominic Buxton, Gavin Haran The Government has made and published Regulations that brought the Overseas Funds Regime (OFR) into effect from 23 February 2022. This is...
11 Feb 2022 Derivatives – UK CCP equivalence extended to 2025 By Edward Karsten, William Sykes Following a statement by Mairead McGuinness, European commissioner for financial services, towards the end of last year, the European...
03 Feb 2022 ESMA’s briefing on tied agents: UK managers in the firing line? By Andrew Henderson, Gavin Haran ESMA’s supervisory briefing on supervisory expectations in relation to firms using tied agents in the MiFID II framework will be...
02 Feb 2022 Clearing – potential one-year extension to pension schemes exemption, but further extensions unlikely By Edward Karsten, William Sykes The European Securities and Markets Authority (ESMA) has sent a letter to the European Commission (EC) recommending that the temporary...
02 Feb 2022 FCA’s views on operational resilience: are you ready for 31 March 2022 deadline? By Joy Davey Banks, insurers and enhanced-scope SMCR firms will have to comply with the operational resiliency requirements that come into force on 31...
24 Jan 2022 Asset valuation: EU managers under scrutiny By Sandeesh Shah ESMA has announced that it is launching its third common supervisory action (CSA) on the EU asset management sector, this time focusing...
20 Jan 2022 FCA tackles the "Wild West" of high-risk investments By Gavin Haran, Andrew Henderson The FCA has published a consultation that proposes to reform its financial promotion rules. The changes relate to "high-risk...
19 Jan 2022 Marketing cryptoassets: HMT and the FCA weigh in By Andrew Henderson On 18 January 2022, HM Treasury (HMT) published its response to its July 2020 consultation paper on cryptoasset promotions. This was...
12 Jan 2022 UK Securitisation Regulation – FCA approves first two securitisation repositories By Edward Karsten, Richard Fletcher With effect from 17 January 2022, the Financial Conduct Authority (FCA) has decided to register both European DataWarehouse Ltd and...
06 Dec 2021 Executive power: the FCA implements decision-making reform By Lorna Emson, James Reid The FCA recently published a policy statement outlining changes to its decision-making processes, in order to make “faster and more...
26 Nov 2021 EU proposes delay to mandatory buy-in regime; settlement fails reporting and cash penalties unaffected By Rob Daniell, Edward Karsten, Kartik Iyer In a much-anticipated move, EU co-legislators have proposed an amendment to the Central Securities Depositaries Regulation (CSDR) to...
22 Nov 2021 Paying the price: UK proposes mandatory rules for banks to compensate fraud victims By Lorna Emson, James Reid The UK government has indicated that UK banks will be required to provide refunds to victims of “push payment” fraud (also known as “APP”...
11 Nov 2021 Christmas comes early for clearing – UK CCP temporary equivalence to be extended By Edward Karsten, Rob Daniell, Christine Long Pursuant to a statement published yesterday, Mairead McGuinness, European commissioner for financial services announced an extension to...
09 Nov 2021 ESG in action in defence outsourcing and supply chains - and what's next? By Mark Lewis This blog was prompted by an intriguing report published on 6 November in The Telegraph: UK FTSE 250 outsourcer/service provider has...