News & Analysis as of

Public Interest Financial Conduct Authority (FCA)

BCLP

Unnecessary, Unfair and Unclear

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In November 2024, the FCA published its further consultation with its revised proposals to make early announcements of open enforcement investigations (“CP 24/2, Part 2”). BCLP was one of the many respondents to raise strong...more

BCLP

The FCA’s Updated ‘Naming and Shaming’ Proposals: A “Solution Looking for a Problem”?

BCLP on

The FCA has today published a further consultation paper (CP24/2 (Part 2)) in relation to its ‘naming and shaming’ proposals (the “Updated Consultation”). The publication follows widespread industry criticism of the FCA’s...more

Latham & Watkins LLP

FCA Publishes Revised Proposals for Announcing Enforcement Investigations

Latham & Watkins LLP on

The regulator has significantly rowed back on aspects of the proposals following industry and government feedback. On 28 November 2024, the FCA published revised proposals for announcing enforcement investigations....more

BCLP

Response to FCA's CP24/2

BCLP on

We strongly disagree with the FCA’s proposals, set out in CP24/2, to announce that it has opened enforcement investigations into firms where it considers this to be in the public interest. We set out our objections in detail...more

WilmerHale

The FCA Enforcement Club: Public Membership Soon to be Available...

WilmerHale on

“The first rule of enforcement club is that you do in fact talk about enforcement club”; so Therese Chambers, the UK Financial Conduct Authority’s (FCA) joint executive director of enforcement and market oversight, announced...more

Akin Gump Strauss Hauer & Feld LLP

U.K. Privacy Regulator Clarifies How U.K. Firms May Respond to SEC Document and Records Requests

Key Points The United States Securities and Exchange Commission (SEC) is able to make requests of U.K. firms (including U.K. branches of non-U.K. firms) to provide books and records and other documents of SEC regulated...more

White & Case LLP

Blowing the whistle on inadequate protections: How does the new EU Whistleblower Directive improve on existing legislation?

White & Case LLP on

'Whistleblower' is a widely used term. However, what it means and the protections a whistleblower might receive are by no means universal. Whistleblowers have been a regular presence in the news over recent years, from...more

Skadden, Arps, Slate, Meagher & Flom LLP

"'Failure to Prevent': The Implications for Global Financial Institutions"

The U.K. government is set to introduce a new corporate criminal offence, based on the strict liability of the entity in question. It almost certainly will come into force in 2017, once the Criminal Finances Bill (Bill) is...more

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