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FAQs on Proposed Reforms to the UK Senior Managers and Certification Regime

The Senior Managers & Certification Regime ("SM&CR") has been a cornerstone of the UK’s individual accountability regulatory framework for banks, insurers and other regulated firms since its introduction in the wake of the...more

Cybersecurity in the Financial Sector: EU’s Digital Operational Resilience Act Takes Effect

Beginning 17 January 2025, the Digital Operational Resilience Act (DORA) will apply to almost all EU financial entities, including banks, insurers and reinsurers, brokers , payment and electronic money institutions,...more

UK Government consults on new rules to recapitalise small banks in resolution – What does this mean for potential buyers of...

What is the government proposing? The UK government (“HM Treasury”) has launched a Consultation setting out its proposals to amend the UK special resolution regime (“SRR”) to direct that the UK depositor guarantee scheme...more

Not so 'plain and simple': the new draft FCA rules for non-financial misconduct

In 2018, the UK's Financial Conduct Authority ("FCA") stated publicly that "non-financial misconduct is misconduct, plain and simple", emphasising their view that the Conduct Rules applicable to most employees within...more

UK Sustainability Disclosure Framework FCA Publishes Final Rules On Sustainability Disclosure Requirements And Investment Labels

On 28 November 2023, the UK's Financial Conduct Authority ("FCA") published its "Sustainability Disclosure Requirements ("SDR") and investment labels" policy statement (PS23/16) (the "Policy Statement"). The Policy Statement...more

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