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A&O Shearman

UK PRA approach to policy updated

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The UK Prudential Regulation Authority (PRA) has published its updated approach to policy under the regulatory framework as set out in UK Financial Services and Markets Act 2000. The approach document has been amended...more

A&O Shearman

Bank of England Consults on Fundamental Rules for Financial Market Infrastructure Firms

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The Bank of England has published a consultation on fundamental rules for financial market infrastructure firms. The BoE proposes to introduce a set of fundamental rules for FMIs incorporated in the U.K. The aim of the...more

A&O Shearman

Bank of England Publishes Updated Enforcement Policy and Procedure

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The Bank of England has published a policy statement on its approach to enforcement and an updated Statement of Policy And Procedure on its approach to enforcement. The update follows the Financial Services and Markets Act...more

A&O Shearman

UK wholesale markets review update: Financial Services and Markets Act 2023 and latest developments

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On 7 July 2023, the new Financial Services and Markets Act 2023 (the Act) was published, marking a significant step in the development of the UK’s post-Brexit ‘Smarter Regulatory Framework’....more

Hogan Lovells

Global Payments Newsletter, December 2020

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Key developments of interest over the last month include: United Kingdom: HM Treasury is consulting on proposed insolvency changes for payment institutions and electronic money institutions, including a bespoke special...more

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