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Hogan Lovells

UK: The Bank Resolution (Recapitalisation) Act 2025

Hogan Lovells on

The Bank Resolution (Recapitalisation) Act 2025 (Act) received Royal asset on 15 May 2025. Although deceptively short and dependant on the passing of further regulations in order to come into effect, it introduces significant...more

A&O Shearman

UK Extends Temporary Recognition Regime for Third Country Central Counterparties and Transitional Regime for Qualifying Central...

A&O Shearman on

The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2023 were made on September 13, 2023 and will enter into force on November 1, 2023, extending the U.K.'s temporary recognition regime...more

A&O Shearman

FCA Reviews Treatment of Politically Exposed Persons

A&O Shearman on

The U.K. Financial Conduct Authority has launched a review of the treatment by regulated financial services firms of Politically Exposed Persons based in the U.K. Firms are currently obliged, under the Money Laundering,...more

A&O Shearman

UK Regulators Publish Revised Complaints Scheme

A&O Shearman on

The U.K. Financial Conduct Authority, Prudential Regulation Authority and Bank of England have jointly published their revised Complaints Scheme, which governs how complaints against the U.K. regulators should be made and...more

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