Financial Conduct Authority (FCA), Regulatory Reform, SMCR

Further Reform for UK Private Fund Managers: The Government’s Road Map for Growth in Financial Services

Goodwin on 7/23/2025

On 15 July 2025, Chancellor of the Exchequer Rachel Reeves delivered her Mansion House 2025 speech unveiling the Leeds Reforms, a programme for financial services reforms to drive investment and growth in the sector....more

The Edinburgh Reforms - Two Years On

Latham & Watkins LLP on 12/10/2024

When the Edinburgh Reforms were announced on 9 December 2022, they were billed as an ambitious set of reforms. Two years on, we assess which of the measures have been completed, which remain outstanding, and whether they have...more

The PRA’s and FCA’s Proposals to Reduce Restrictions on Banking Bonuses

BCLP on 12/2/2024

Yesterday the PRA and FCA published PRA consultation paper 16/24 / FCA consultation paper 24/23 – Remuneration reform, containing proposals for significant changes to the remuneration regime. The UK’s current remuneration...more

UK Government and Regulators Launch SMCR Review

Latham & Watkins LLP on 4/3/2023

The tone of the papers suggests that a fundamental reform of the Regime will be unlikely. On 30 March 2023, the PRA and the FCA published a joint Discussion Paper (FCA DP23/3 and PRA DP1/23) seeking feedback on the...more

What UK readers couldn’t get enough of in 2022 - the top five blog posts revealed

A&O Shearman on 1/10/2023

2022 saw a big shift in the geo-political climate and a bedding in of the new hybrid working world. These two developments are reflected in the blogs our subscribers were most interested in reading. Readers remain focused on...more

The Edinburgh Reforms: post-Brexit financial (de)regulation

Proskauer Rose LLP on 12/23/2022

On 9 December 2022, the United Kingdom’s Chancellor of the Exchequer announced an expansive set of reforms to the UK’s financial regulatory regime – labelled the “Edinburgh Reforms”. Following the UK’s exit from the...more