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United Kingdom Food Safety Modernization Act

A&O Shearman

HMT sets out approach to updating the UK's regulatory framework for CCPs

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HM Treasury has published a policy paper and two related statutory instruments (SI) on its approach to updating the UK's regulatory framework for central counterparties (CCPs). The Financial Services and Markets Act 2023 gave...more

Goodwin

Further Reform for UK Private Fund Managers: The Government’s Road Map for Growth in Financial Services

Goodwin on

On 15 July 2025, Chancellor of the Exchequer Rachel Reeves delivered her Mansion House 2025 speech unveiling the Leeds Reforms, a programme for financial services reforms to drive investment and growth in the sector....more

A&O Shearman

BoE and PRA issue joint consultation on amendments to UK EMIR reporting standards

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The Bank of England and the UK Financial Conduct Authority have published a joint consultation paper proposing amendments to the UK EMIR trade repository reporting requirements, using their powers under article 9 of UK EMIR...more

A&O Shearman

FCA webpage for international wholesale firms looking to undertake business in UK

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The UK Financial Conduct Authority (FCA) has published a new webpage for international wholesale firms seeking authorisation to operate in the UK under the Financial Services and Markets Act 2000 (FSMA)....more

A&O Shearman

Buy-now, pay-later: what the future will (and might) hold for the sector

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KEY POINTS - - On the face of it buy-now, pay-later (BNPL), as an interest and charge free credit facility, appears low risk but couple its ready availability with the fact that it comes without any of the protections...more

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

Latham & Watkins LLP

English Court of Appeal Issues Guidance on Representative Actions in Securities Claims

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A landmark judgment from the Court of Appeal has clarified when representative proceedings may be issued on a bifurcated basis and the application of the regime to securities claims....more

Proskauer Rose LLP

Regulation Round Up - January 2025

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

BCLP

UK and US Cryptoasset Regulation - What direction next?

BCLP on

At present, Cryptoassets are largely unregulated in the UK. However, the growth of crypto cannot be ignored and many argue that regulators need to take action to ensure adequate consumer protections are in place and to...more

Proskauer Rose LLP

Regulation Round Up - December 2024

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Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

A&O Shearman

UK Financial Conduct Authority publishes consultation on the regulatory framework for PISCES

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The U.K. Financial Conduct Authority has published a consultation on the regulatory framework for the Private Intermittent Securities and Capital Exchange System (PISCES), the proposed new platform for trading shares in...more

Goodwin

Court of Appeal Considers Limited Partnership Dissolution in Flohr v Frontiers Capital: Winding Up Incomplete Where a Partnership...

Goodwin on

A recent case, Flohr v Frontiers Capital, has provided additional guidance on limited partnership dissolution. In this case, the Court of Appeal considered the scope of the statutory power of a partnership to do what is...more

Proskauer Rose LLP

Regulation Round Up - November 2024

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Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....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

Hogan Lovells

UK FCA on cryptoasset financial promotions and fiat-to-crypto on/off ramp services

Hogan Lovells on

The FCA has published its expectations on registered or regulated firms partnering with unregistered cryptoasset firms, which may be illegally promoting to UK consumers....more

A&O Shearman

UK Government Finalizes Near-Term Bank Ring-Fencing Reforms

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HM Treasury has published a response to its consultation on the near-term reforms relating to the bank ring-fencing regime. Overall, there was widespread support for the proposed reforms. However, a number of policy and legal...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

Latham & Watkins LLP

UK Regulators Publish Final Rules for Critical Third Parties

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The new regime will take effect on 1 January 2025, but will not diminish the responsibilities of financial services firms relying on the services of critical third parties....more

A&O Shearman

Mansion House: Response to Consultation on Future Regulatory Regime for ESG Ratings Providers

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Following its consultation, HM Treasury has published its response to the consultation on the future regulatory regime for ESG ratings providers, along with the draft Financial Services and Markets Act 2000 (Regulated...more

A&O Shearman

UK Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2024 published

A&O Shearman on

The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2024 have been published, with an accompanying explanatory memorandum. Regulations 3 to 7 make consequential amendments in connection with the...more

A&O Shearman

UK guidance on acquisitions and increases in control in PRA and FCA authorised firms

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The UK financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), have recently set out their final policy on the assessment of acquisitions and increases in control of PRA...more

Mayer Brown

English High Court Clarifies Scope of FSMA Securities Litigation

Mayer Brown on

A recent decision of the High Court in a strike out application in securities class action litigation has clarified the scope of  s90A and Schedule 10A of the Financial Services and Markets Act 2000 ("FSMA") regarding...more

A&O Shearman

Draft Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 Published

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The draft Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 have been published, together with an explanatory memorandum. The Regulations add to the list of "relevant enactments" for...more

A&O Shearman

Financial Services and Markets Act 2023 (Commencement No 8) Regulations 2024 Published

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The U.K. Financial Services and Markets Act 2023 (Commencement No. 8) Regulations 2024 have been made. The Regulations revoke certain pieces of EU law retained in the U.K. post-Brexit as well as bringing into force amendments...more

Proskauer Rose LLP

Regulation Round Up - October 2024

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

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