The Financial Conduct Authority (“FCA”) published a consultation paper (“CP 25/19”) on the ancillary activities exemption (the “AAE”) on 3 July 2025. The AAE enables commercial users and producers of commodities to undertake...more
The U.K. government has published the much anticipated Financial Services and Markets Bill. Following its exit from the EU, the U.K. has undertaken a fundamental review of how financial regulation policy and rules should be...more