On 20 July 2022, just before the UK Parliament’s summer recess, the long awaited Financial Services and Markets Bill (FSM Bill) was introduced to Parliament....more
The UK Financial Conduct Authority (FCA) has gained a new power to vary or cancel regulatory permissions held by firms that are not using them, via a faster process. The power reflects the FCA’s intention to become a more...more
Operational resilience is a priority for the regulators of financial services in the UK. It is prominent in both the Prudential Regulation Authority’s (PRA) and the Financial Conduct Authority’s (FCA) business plans....more
With rapidly evolving developments regarding Russia and Ukraine, the FCA has reiterated that firms need to be vigilant of operational and cyber resilience....more
The UK Financial Conduct Authority’s (FCA) latest consultation and feedback on the proposed Consumer Duty engages with some of the sticking points as well as providing draft rules and guidance. ...more
As the dust looks like it is starting to settle on the Covid-19 pandemic, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have been busy resuming their enforcement agendas.
Originally...more
Almost a year after the Brexit transition period ended and the UK government is beginning to refine its thinking on how the financial services framework should evolve in a post-Brexit world in order to ensure it is fit for...more
HM Treasury's recent publication concludes the Government's review of he payments landscape. In it, the Government sets out its vision for the UK payments sector identifying four priority areas and actions for itself,...more
The first step in shaping the UK's financial services regime post-Brexit.
On 29 April 2021, the Financial Services Act 2021 (the Act) received Royal Assent. It is seen as the UK’s first step in control of the financial...more
On 14 May 2021 the FCA published its first Consultation Paper on a new “Consumer Duty” (CP21/13).1 The new Consumer Duty would...
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Elaine Johnston and Nikki Johnstone, discuss the importance of visible role models, coming out and being yourself. Nikki joined A&O’s partnership on 1 May 2021 and was the first openly lesbian partner in London, which Nikki...more