On 29 June 2023 the Financial Services and Markets Act received Royal Assent. We’ve summarised the highlight’s for you here and are already looking forward to blogging on some of the more interesting details. Critical third parties The Treasury can…
With the end of the month approaching fast, we can all be forgiven for focussing on the here and now, and not thinking what happens next? Yet if you can take a few moments to pause and do just that…
TCF was (is) part of one of the Principles for Businesses: A firm must pay due regard to the interests of its customers and treat them fairly. That’s where it stops, everything else that supports TCF, the six customer outcomes…
The Bank of England has just released a suite of landmark policy and supervisory statements on third party risk management in banking and investment services, notably aimed at recognised payment system operators, specified service providers, and all Financial Market Infrastructures…
Did you see the PRA and FCA discussion paper on Diversity and inclusion in the financial sector and wonder what the heck does that have to do with the regulators? Have the regulators gone woke? Perhaps they have too much…
For decades regulators globally have relied on advice and disclosure to protect investors. Through root cause analysis of mis-selling and complaints, regulators are now finding that product governance is an area of the value chain that could more effectively enhance…
The regulator is increasingly asking to see your market abuse risk assessment and often at short notice. In this article we provide some tips on what you should be considering as you refresh your own market abuse risk assessment. It…
FCA has been investigating UK based brokers involvement in cum/ex dividend arbitrage schemes. As it progresses its investigation the FCA has been working with regulators around the world. The FCA investigation thus far has centred around four entities known as…
Now the fight is over a post-Brexit UK is looking at how it rises up to the challenge of having taken back control. We’ve taken a look at the recent report from the Taskforce on Innovation, Growth and Regulatory Reform…