COVID-19: FCA and PRA update information on key workers and working from home -
On 24 September 2020, the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published updated information about...more
9/29/2020
/ ECON ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FinCEN ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Remote Working ,
SFDR ,
UK ,
UK Brexit
Brexit: FCA opens registration applications for UK securitisation repositories -
The UK Financial Conduct Authority (FCA) has published a new webpage for securitisation repositories under the Securitisation Regulation that...more
9/29/2020
/ EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
FSB ,
Inter-Bank Offered Rates (IBORs) ,
IOSCO ,
ISDA ,
Securitization ,
Trade Repositories ,
UK ,
UK Brexit
COVID-19: FCA Dear CEO letter and consequentials hearing for BII test case -
On 18 September 2020, the UK Financial Conduct Authority (FCA) published a Dear CEO letter setting out its expectations of insurers (including...more
Culture, purpose and governance in asset management sector: FCA speech -
The FCA has published a speech by Marc Teasdale, Director of Wholesale Supervision, on the drivers of culture and the role of purpose and governance...more
COVID-19: Judgment in FCA's business interruption insurance test case -
The High Court has handed down judgment in FCA v Arch Insurance (UK) Ltd and others [2020] EWHC 2448 (Comm) (15 September 2020), the test case...more
COVID-19: FCA finalised guidance for mortgage firms -
On 14 September 2020, the UK Financial Conduct Authority (FCA) published finalised guidance containing additional guidance for mortgage firms in light of COVID-19....more
9/21/2020
/ Consumer Financial Products ,
Coronavirus/COVID-19 ,
Credit ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Infectious Diseases ,
Mortgages ,
Overdraft Fees ,
Regulatory Oversight ,
UK ,
Unsecured Debt
Branch and ATM closures or conversions: FCA FG20/3 -
Following consultation, the UK Financial Conduct (FCA) has published finalised guidance, FG20/3, on branch and ATM closures or conversions. The guidance applies to...more
The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 -
The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (SI 2020/991) have been published, together with an...more
9/21/2020
/ Anti-Money Laundering ,
Digital Assets ,
EU ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
FinTech ,
HMRC ,
Libor ,
MLD4 ,
Money Laundering ,
Terrorist Financing Regulations ,
UK
COVID-19: business interruption insurance test case judgment due on 15 September 2020 -
On 9 September 2020, the UK Financial Conduct Authority (FCA) updated its webpage on the High Court business interruption insurance...more
9/15/2020
/ Business Interruption ,
Commercial Insurance Policies ,
Consumer Insurance Products ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Financial Conduct Authority (FCA) ,
IAIS ,
Infectious Diseases ,
Insurance Regulations ,
Investment ,
UK
COVID-19: phased ending of FCA temporary relief extending deadlines for publishing fund reports and accounts -
On 9 September 2020, the UK Financial Conduct Authority (FCA) updated its COVID-19-related webpage on...more
9/15/2020
/ Coronavirus/COVID-19 ,
European Securities and Markets Authority (ESMA) ,
Filing Deadlines ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
Infectious Diseases ,
Regulatory Requirements ,
Relief Measures ,
Reporting Requirements ,
UCITS ,
UK
PRA PS20/20: response to CP3/20 occasional paper -
Following its March 2020 occasional consultation paper (CP3/20), the UK Prudential Regulation Authority (PRA) has published a policy statement, PS20/20, setting out its...more
9/15/2020
/ AML/CFT ,
Coronavirus/COVID-19 ,
EU ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
FinCEN ,
Infectious Diseases ,
Policy Statement ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Securities Financing Transactions (SFTs) ,
UK
Open-ended funds: FCA and BoE review survey on liquidity mismatch -
On 26 August 2020, the UK Financial Conduct Authority (FCA) updated its COVID-19 webpage to announce that it has launched a joint survey with the Bank of...more
9/8/2020
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Bank of England ,
Coronavirus/COVID-19 ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Infectious Diseases ,
Investment Funds ,
MMF ,
Open-Ended Fund Companies (OFCs) ,
UK
COVID-19: final transcripts of FCA business interruption insurance test case -
On 18 August 2020, the FCA updated its webpage on the High Court business interruption insurance test case to link to the final transcripts for...more
Accessing and using wholesale data: FCA extends call for input deadline
The UK Financial Conduct Authority (FCA) has extended the deadline for responses to its call for input on the use and value of data and advanced...more
9/8/2020
/ Analytics ,
CSDR ,
Data Collection ,
EMIR ,
European Benchmark Regulation (BMR) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
FSB ,
MiFIR ,
Securities Regulation ,
UK
SMCR extension: SI extending implementation date made -
The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020 (SI 2020/929) have been made....more
9/8/2020
/ AML/CFT ,
Artificial Intelligence ,
Bank of England ,
Digital Currency ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Initial Coin Offering (ICOs) ,
Innovation ,
Popular ,
Prudential Regulation Authority (PRA) ,
RegTech ,
RTS ,
Sandbox ,
SMCR ,
UK
Capital market regulation: FCA speech -
The FCA has published a speech given by Mark Steward, Executive Director of Enforcement and Market Oversight on "Capital market regulation and coronavirus". Among other things, Mr...more
COVID-19: FCA guidance for insurance and premium finance firms on customers in temporary financial difficulty -
On 11 August 2020, the UK Financial Conduct Authority (FCA) published updated finalised guidance setting out...more
8/14/2020
/ AML/CFT ,
Coronavirus/COVID-19 ,
Dear CEO Letter ,
EU ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Investment ,
RegTech ,
Regulatory Agenda ,
UK
AML/CTF supervision: HM Treasury annual report -
The Bank of England (BoE) has published the Financial Stability Report for August 2020 and the financial policy summary and record of the meetings of its Financial Policy...more
High-cost credit: FCA review into relending -
The UK Financial Conduct Authority (FCA) has published its findings following a review, which was carried out before the coronavirus pandemic, into relending by firms offering...more
Liquidity mismatch in authorised open-ended property funds: FCA CP20/15 -
The UK Financial Conduct Authority (FCA) is consulting, in CP20/15, on liquidity mismatch in authorised open-ended property funds....more
COVID-19: FCA statement on non-damage BI settlements and deductions relating to government support -
The UK Financial Conduct Authority (FCA) has published a statement on non-damage business insurance (BI) settlements and...more
Title transfer collateral arrangements: FCA Dear CEO letter -
The UK Financial Conduct Authority (FCA) has published a Dear CEO letter to firms acting as brokers in wholesale financial markets, who currently, or may in the...more
8/4/2020
/ Coronavirus/COVID-19 ,
CSDR ,
Dear CEO Letter ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Libor ,
MiFID ,
MiFIR ,
RTS ,
Securities Regulation ,
UK
COVID-19: IAIS consults on the impact for the insurance sector.
The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP11/20, setting out its expectations and guidance relating to auditors' work...more
COVID-19: FCA call for input on ongoing support for mortgage and consumer credit customers.The UK Financial Conduct Authority (FCA) has published a consultation paper, CP20/13, setting out proposals designed to support...more
COVID-19: FCA guidance consultation on cancellations and refunds -
On 31 July 2020, the UK Financial Conduct Authority (FCA) published a guidance consultation on cancellation (for example, of holidays and events) and...more
8/4/2020
/ Coronavirus/COVID-19 ,
Cryptoassets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Prudential Regulation Authority (PRA) ,
UK ,
UK Brexit