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Hogan Lovells

UK regulators give update on timing of ESG regulatory initiatives

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A new edition of the Regulatory Initiatives Grid, which sets out details of current and planned regulatory initiatives for all the regulators affecting the financial services sector, has been published. It includes details of...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Regulators Publish Approaches to AI Regulation in Financial Services

On 22 April 2024, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England published their strategic approaches to regulating AI in response to the UK government’s July 2022 AI...more

Katten Muchin Rosenman LLP

UK FCA Publishes Guidance on Social Media Financial Promotions

On 26 March 2024, the Financial Conduct Authority (FCA) issued its finalised guidance in relation to financial promotions on social media (Finalised Guidance). Background - The Finalised Guidance follows the FCA’s July...more

Sullivan & Worcester

Compliance Alert! Regulated Entities Gear Up for the UK's Economic Crime Levy

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If your organisation is both supervised under the UK Money Laundering Regulations (“MLR”) and your UK Revenue exceeds £10.2 million per year, if you are not already, you will need to prepare for the forthcoming Economic Crime...more

BCLP

Catch me if you can: How the English Courts are adapting to remain an effective jurisdiction to combat crypto fraud

BCLP on

The English courts have sought to lead the way in adjudicating crypto-related disputes and other technological matters in an international context. Recent decisions have demonstrated the English courts’ willingness to assist...more

A&O Shearman

UK Financial Conduct Authority Publishes Final Rules and Guidance for New Consumer Duty

A&O Shearman on

The U.K. Financial Conduct Authority has published its final rules and guidance for the new Consumer Duty, which is intended to establish clearer standards for consumer protection across the financial services industry. The...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Details Plans To Foster a Cryptocurrency and Fintech Hub

The UK government has unveiled its plans to position the UK as a leading global hub for cryptocurrencies and fintech. John Glen, the Economic Secretary to the Treasury set out detailed proposals to support the development...more

Cadwalader, Wickersham & Taft LLP

New Rules on Diversity and Inclusion Reporting for Company Boards and Executive Management in the UK

The UK Financial Conduct Authority (“FCA”) has published its final policy decision on disclosure regarding diversity and inclusion targets for boards of directors and executive committees of certain UK-listed companies. The...more

Morgan Lewis - Tech & Sourcing

UK Financial Conduct Authority Drives Changes to Buy Now, Pay Later Contract Terms

The UK Financial Conduct Authority (FCA) released a statement on February 14 confirming a series of changes to potentially unfair contract terms that had been agreed with four of the largest providers of Buy Now, Pay Later...more

A&O Shearman

FCA clamps down on investment app’s use of social media influencers

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The UK Financial Conduct Authority (FCA) has used its supervisory powers to crack down on an investment app’s use of social media influencers to promote the firm’s services. ...more

A&O Shearman

FCA and PRA Enforcement Action: Trends from 2021 and Predictions for 2022

A&O Shearman on

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

Skadden, Arps, Slate, Meagher & Flom LLP

Trends and Key Issues in Fintech M&A

In a webinar held on 10 December 2020, Skadden partners Sonia Nijjar, Simon Toms and Ingrid Vandenborre were joined by Charles River Associates (CRA) Senior Adviser and Deputy Chair of the Bank of England’s Enforcement...more

A&O Shearman

UK Prudential Regulator Reminds Firms of Need to Satisfy Temporary Permissions Regime Requirements

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The U.K. Prudential Regulation Authority has published a Dear CEO letter addressed to all PRA-regulated firms on operational readiness for the Temporary Permissions Regime...more

White & Case LLP

Artificial Intelligence: UK Regulators' and Supervisors' growing expectations of Boards and Senior Managers of regulated entities

White & Case LLP on

On 1 August 2019, the UK FCA published an article titled "Artificial Intelligence (AI) in the Boardroom" in its Insight series of opinion and analysis. Its author, Magnus Falk, a senior technology adviser at the FCA who used...more

Seyfarth Shaw LLP

Financial Services - Preparing Your Global Workforce for the New UK Whistleblowing Regime

Seyfarth Shaw LLP on

New rules on whistleblowing have come into effect which impact certain Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) regulated financial services firms. The aim of these rules is to promote a...more

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