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Regulatory Oversight HM Treasury Financial Services Industry

A&O Shearman

HMT Releases New Collections of Joint Statements on Financial Partnerships

A&O Shearman on

HM Treasury (HMT) has published five new webpages, each with a collection of joint statements from key international financial partnerships reflecting their shared commitments and the outcomes they are seeking to achieve....more

A&O Shearman

Bank of England Updates on the National Payments Vision

A&O Shearman on

The Bank of England (BoE) has published a new webpage on the national payments vision and the vision engagement group (VEG) of sector representatives supporting delivery of the vision. The webpage on the national payments...more

A&O Shearman

HMT Confirms Policy Changes to UK's Appointed Representative Regime

A&O Shearman on

HM Treasury (HMT) published a policy statement on the appointed representatives regime, setting out how it proposes to adjust the appointed representative (AR) legislative framework to provide further needed protection for...more

A&O Shearman

HMT policy statement on the Appointed Representatives Regime: addressing key gaps and proposals for

A&O Shearman on

The appointed representatives regime has been around longer than many of us might realise, having been introduced in 1986, and so predating our beloved Financial Services and Markets Act 2000 (FSMA) by some years. No doubt,...more

Hogan Lovells

Appointed Representatives: UK government outlines two ‘targeted’ proposals for reforming the current regulatory framework

Hogan Lovells on

Reform of the appointed representatives (ARs) regime has been on the cards for some time, with an HM Treasury (HMT) call for evidence having been published as far back as December 2021. HMT has now published a policy...more

A&O Shearman

BoE outlines proposed approach to FMI rule permissions

A&O Shearman on

The Bank of England (BoE) has published a consultation paper on a draft statement of policy (SoP) outlining its proposed approach to permissions, waivers and supervisory processes for central counterparties (CCPs), systemic...more

A&O Shearman

Mansion House: HMT and BoE announce plans for new UK retail payments model under NPV

A&O Shearman on

HM Treasury has published an update on the National Payments Vision (NPV), announcing plans to implement a new collaborative model for delivering the UK's next-generation retail payments infrastructure. The Payments Vision...more

Mayer Brown

FAQs on Proposed Reforms to the UK Senior Managers and Certification Regime

Mayer Brown on

The Senior Managers & Certification Regime ("SM&CR") has been a cornerstone of the UK’s individual accountability regulatory framework for banks, insurers and other regulated firms since its introduction in the wake of the...more

A&O Shearman

House of Lords Committee report on proposal to publicise enforcement investigations

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The House of Lords Financial Services Regulation Committee (FSR Committee) published a report on the Financial Conduct Authority's (FCA's) proposal to publicise enforcement investigations, in the spirit of "naming and...more

A&O Shearman

UK Plans Transitional Regime for Credit Ratings for Potential "No Deal" Brexit

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HM Treasury has published explanatory guidance on a proposed U.K. regulation to onshore EU legislation on credit rating agencies in the event of a "no deal" scenario resulting from the EU-U.K. Brexit negotiations. If no deal...more

Hogan Lovells

HMT looks to create payments parachute for a cliff-edge Brexit

Hogan Lovells on

HM Treasury's draft Brexit Regulations for UK payment services and e-money activity aim to soften the practical impact of the EEA suddenly becoming, to all intents and purposes, a third country regulatory regime overnight. ...more

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