Nov 15, 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...
Oct 18, 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...
Oct 16, 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...
Sep 19, 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...
May 11, 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...
Mar 02, 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...
Feb 13, 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...
Dec 14, 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...
Nov 29, 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...
Oct 20, 2022 EU reaches positive agreement on ELTIF reforms By Samuel Brooks Gavin Haran Tiffany Cox Negotiations have concluded between the European Council and the European Parliament on changes to the European Long Term Investment Fund...
Oct 13, 2022 Nature based climate solutions and the LSE’s Voluntary Carbon Market By Rachel Richardson Climate scientists now believe that there is a 50% probability of the earth’s average temperature exceeding 1.5 degrees celsius above...
Jul 21, 2022 “History may not repeat itself. But it rhymes”; misconduct in wholesale markets By Dan Lavender Laura Bridgewater We are delighted to have assisted the Financial Markets Standards Board with its second edition of the Behaviour-pattern Conduct Analysis...
Jun 21, 2022 Know your fraud: specific fraud risk rather than general red flags are needed to invoke the Quincecare duty By Lorna Emson Nikolas Ireland James Reid The Quincecare duty has made the news once again. We recently commented on RBS v JP SPC 4 & another [2022] UKPC 18 and Philipp v Barclays...
May 23, 2022 The limit of Quincecare: Privy Council holds that banks do not owe a tortious duty of care to non-customers By Lorna Emson Nikolas Ireland James Reid In its recent judgment in RBS v JP SPC 4 & another [2022] UKPC 18 the Privy Council has provided an important insight into the scope of...
May 19, 2022 An EU retail passport for alternative funds? By Gavin Haran Lora Froud The EU’s review of the Alternative Investment Funds Management Directive, or AIFMD 2, is underway. The EU’s institutions are currently...
Apr 27, 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...