05 Mar, 2024 Major changes proposed for FCA enforcement regime By Laura Bridgewater 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...
04 Mar, 2024 New powers for Companies House By Lorna Emson Helen Harvey Lara Gardiner In an effort to fight economic crime and make it easier to hold corporates to account, the Economic Crime and Corporate Transparency Act...
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...
14 Feb, 2024 How many NDAs have you signed? FCA approaches insurers and intermediaries as first recipients of its Non-Financial Misconduct Survey By Lorna Emson Madeleine Brown Olivia Pearson The FCA has this week issued a notice to insurers and insurance intermediaries compelling them to provide it with data about...
23 Jan, 2024 Non-financial misconduct – further warning shots fired By 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...
23 Jan, 2024 English High Court dismisses ClientEarth’s Judicial Review claim against the FCA By Chloe Edworthy Rachel Richardson Riley Forson Madeleine Brown +1 more... Show less On 13 December 2023, the English High Court denied ClientEarth’s renewed application for permission to bring a judicial review...
12 Jan, 2024 Second fine by PRA for breach of Senior Manager Conduct Rules By 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...
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...
15 Aug, 2023 Latest round of fines for financial institutions for personal communications record keeping failures By Lorna Emson Madeleine Brown Helen Carter The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a further round of fines to...
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...
16 Jan, 2023 Nigerian bank’s subsidiary faces second FCA fine for "repeatedly highlighted" failings By Helen Carter Madeleine Brown Christopher Ward The Financial Conduct Authority (FCA) has recently announced that it has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for...
12 Dec, 2022 Market abuse in the bond market – FCA proposes prohibition orders for three traders By Madeleine Brown The FCA is seeking to impose prohibition orders and fines on three traders for market abuse during their time working at Mizuho...
15 Aug, 2022 “Inside information is not a private commodity”: negligent disclosure leads to £80k personal fine for NED By Laura Bridgewater Helen Carter Madeleine Brown The FCA has fined a former non-executive director (NED) £80,000 for negligently disclosing inside information to senior individuals at...
21 Jul, 2022 “History may not repeat itself. But it rhymes”; misconduct in wholesale markets By Laura Bridgewater We are delighted to have assisted the Financial Markets Standards Board with its second edition of the Behaviour-pattern Conduct Analysis...
27 Apr, 2022 FCA implements new requirements for board and executive diversity reporting By Dominic Sedghi Helen Harvey Macfarlanes' Corporate Law Update reported on the Financial Conduct Authority (FCA)’s recently-published policy statement on diversity...