Financial Conduct Authority (FCA), Compliance, New Regulations

FCA Publishes New Proposals for Buy Now, Pay Later Regulation: One-Year Countdown to July 2026 Implementation

Skadden, Arps, Slate, Meagher & Flom LLP on 7/30/2025

- What is new: The FCA has published Consultation Paper 25/23 proposing new regulations for Buy Now, Pay Later (BNPL) services, now termed deferred-payment credit (DPC), with rules coming into force on 15 July 2026. - Why it...more

The continuing journey towards buy now, pay later regulation

A&O Shearman on 7/23/2025

One could be forgiven, amidst the noise and glamour of the Leeds Reforms and the Mansion House speech, for having missed the snappily titled Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment)...more

PRA and FCA Offer New Guidance on How Changes in Control Will Be Assessed

Skadden, Arps, Slate, Meagher & Flom LLP on 1/27/2025

On 1 November 2024, the UK Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) published a joint policy statement (PS 18/24) on the prudential assessment of acquisitions and increases in control. The...more

UK regulators expectations on governance and DI within financial services firms

A&O Shearman on 12/20/2023

The recent proposals from the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) on diversity and inclusion (D&I) include proposals in respect of governance and oversight within in-scope firms....more

D&I as a non-financial risk: considerations for control functions

A&O Shearman on 12/20/2023

Proposals from the UK financial regulators aimed at improving diversity and inclusion (D&I) in the UK financial services sector include an explicit expectation for all in-scope firms to consider a lack of D&I as a...more

September 1st Implementation of FINRA Rule 1017(a)(7)

BCLP on 8/31/2021

Recap of FINRA Rule 1017(a)(7) - If you recall from our May 11th alert, effective September 1, 2021, FINRA Rule 1017(a)(7) will require a member firm to file a CMA when a natural person seeks to become an owner, control...more