18 Mar, 2024 UK AIFMD reforms: further divergence from the EU and a potential relaxation to smaller full scope AIFM requirements By Harriet Miller Gavin Haran On 1 March 2024, the FCA published a letter to CEOs of asset managers and alternatives firms, outlining its supervisory and regulatory...
13 Mar, 2024 UK EMIR – draft Q&As on reporting By William Sykes Robert Daniell Edward Karsten Background The Financial Conduct Authority (FCA) and the Bank of England (BoE) previously published Policy Statement (PS23/2) setting out...
05 Feb, 2024 The Overseas Funds Regime: what does it mean for product value assessments? By Alexandra Green Lora Froud Gavin Haran On 30 January 2024, the Economic Secretary, Bim Afolami, announced that EEA UCITS are deemed equivalent to UK UCITS, in regulatory terms....
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...
19 Dec, 2023 Diverging paths: EU-niversal and UK due diligence requirements for securitisations By Richard Fletcher Ryan Moore Jack Lewis The European Commission published a report on the functioning of the EU securitisation regulation on 10 October 2022 (the SECR Report)...
15 Nov, 2023 FCA "Dear CEO" letter to wealth managers and stockbrokers By Alexandra Green Rachel Serene The Financial Conduct Authority (FCA) has published its latest “Dear CEO” letter to wealth managers and stockbrokers setting out the key...
18 Oct, 2023 FCA to reform the UK's AIFMD and NURS regimes By Lora Froud Gavin Haran The Chair of the FCA, Ashley Alder, gave a speech on 11 October 2023 outlining the regulator’s approach to the reform of the UK’s asset...
16 Oct, 2023 UK’s financial regulators consult on new diversity and inclusion rules By Helen Carter Daniel Fisher Olivia Pearson Madeleine Brown +1 more... Show less The Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) have both launched consultation papers on a new...
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...
03 Jul, 2023 LTAF now accessible to retail investors By Gavin Haran Lora Froud Emma Garnham Tiffany Cox +1 more... Show less On 29th June, the FCA published its Policy Statement and Handbook rules (PS23/7) on "broadening retail and pensions access to the LTAF" ....
11 May, 2023 Better late than never: UK set to update criminal insider dealing framework By Lorna Emson Helen Harvey James Reid The UK is set to implement a new statutory instrument (SI) to align the scope of the UK’s criminal insider dealing regime with the...
02 Mar, 2023 The Consumer Duty and the fight over the regulatory philosophy governing UK financial services By Gavin Haran The FT published a report, widely picked up elsewhere, that the UK’s City Minister, Andrew Griffith, has criticised the FCA’s flagship...
13 Feb, 2023 Crypto advertising in the UK - new regulatory regime incoming By Alishea Patel Rosie Duckworth On 1 February HM Treasury published a consultation and call for evidence on its proposals for a financial services regulatory regime for...
16 Jan, 2023 Nigerian bank’s subsidiary faces second FCA fine for "repeatedly highlighted" failings By Dan Lavender Helen Carter Madeleine Brown Christopher Ward +1 more... Show less The Financial Conduct Authority (FCA) has recently announced that it has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for...
14 Dec, 2022 Will the Edinburgh Reforms make a difference? By Alexandra Green Michael Sholem Gavin Haran On 9 December, the Chancellor announced a package of over 30 reforms to the UK’s financial regulations, an attempt to achieve the biggest...
29 Nov, 2022 A new dawn for EU "substance" requirements? By Gavin Haran At the Irish Funds’ UK symposium on 24 November, the Central Bank of Ireland’s (CBI's) Derville Rowland made an ominous remark in her...