In early August 2019, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), confirmed in a press release that it had opened an online portal to allow UK firms currently using a financial...more
8/20/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
EU ,
European Economic Area (EEA) ,
Financial Services Industry ,
Luxembourg ,
Member State ,
MiFIR ,
No-Deal Brexit ,
Private Equity Funds ,
Transitional Arrangements ,
UK ,
UK Brexit ,
Withdrawal Agreement
1 June -
HM Treasury published a consultation paper (dated May 2019) on the regulation of pre-paid funeral plans. HM Treasury intends to bring all funeral plan providers within the remit of the FCA....more
7/3/2019
/ Derivatives ,
EIOPA ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Financial Stability Board ,
HM Treasury ,
IOSCO ,
MiFID II ,
MiFIR
1 May -
The Financial Conduct Authority ("FCA") published a call for input on its evaluation of the Retail Distribution Review and Financial Advice Markets Review.
The Prudential Regulation Authority ("PRA") published...more
6/3/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Capital Requirements Regulation (CRR) ,
CRR II ,
EIOPA ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
IOSCO ,
MiFID II ,
MiFIR ,
Prudential Regulation Authority (PRA) ,
Solvency II ,
UK
1 March -
The European Banking Authority ("EBA") published an opinion on deposit protection resulting from the United Kingdom's ("UK") withdrawal from the European Union ("EU").
The Financial Conduct Authority ("FCA")...more
4/3/2019
/ Banking Sector ,
EIOPA ,
EU ,
EU Benchmark Regulation ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
MiFID II ,
MiFIR ,
Prudential Regulation Authority (PRA) ,
UK Brexit
3 October - The Prudential Regulator Authority (PRA) published a policy statement on strengthening accountability in banking and changes to senior managers regime (SMR) forms. The changes to the SMR forms will become live on...more
11/6/2017
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Broker-Dealer ,
European Council ,
European Securities and Markets Authority (ESMA) ,
EuSEF ,
EuVECA ,
Financial Conduct Authority (FCA) ,
IFRS ,
Legal Entity Identifiers ,
Mergers ,
MiFID II ,
MiFIR ,
Payment Services Directive ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
PSD2 ,
Senior Management Regime (SMR) ,
Treaty on the Functioning of the European Union (TFEU) ,
UK ,
UK Competition and Markets Authority (CMA) ,
UK Competition Appeal Tribunal (CAT)
2 August - The UK Competition and Markets Authority announced a consultation on proposed revisions to its published guidance on penalty setting in Competition Act 1998 cases....more
9/8/2017
/ Alternative Investment Fund Managers Directive (AIFMD) ,
EU ,
European Commission ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Guidance Update ,
Memorandum of Understanding ,
MiFID II ,
MiFIR ,
Ministry of Justice ,
National Private Placement Regimes (NPPR) ,
Payment Protection Insurance ,
Penalties ,
UK ,
UK Competition and Markets Authority (CMA)
2 June -
The ESMA published its final report on guidelines on product governance requirements under the MiFID II Directive (2004/65/EU). The guidelines (set out in Annex IV) to the final report aim to promote greater...more
7/4/2017
/ Amended Legislation ,
Asset Management ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Instruments ,
Financial Regulatory Reform ,
Foreign Investment ,
MiFID II ,
MiFIR ,
Money Laundering ,
PSC Amendment Regulations ,
Repeal ,
Terrorist Financing Regulations ,
UK ,
UK Brexit
Key developments in April 2017: 3 April -
The FCA published its Consultation Paper on persistent debt and earlier intervention remedies, “Reforming the availability of information in the UK equity IPO process”...more
5/1/2017
/ AIF ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Distributed Ledger Technology (DLT) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Key Information Document (KIDs) ,
MiFID II ,
MiFIR ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Payment Services Directive ,
Private Fund Limited Partnerships (PFLPs) ,
Prudential Regulation Authority (PRA) ,
RTS ,
UK ,
UK Brexit ,
Whistleblowers