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…
The Financial Times has reported that BNP Paribas is facing mis-selling allegations over fx derivatives to Spanish corporate clients. It also reports that Deutsche Bank staff have also been facing allegations of mis-selling financial instruments. Both cases are familiar stories…
Negative indicators Positive indicators By now the process aspects of SMCR should be settling down into their own rhythm and the cultural aspects will be causing debate and driving change. If you are leaning more towards some of the negative…
In May 2021 the FCA instructed a firm based in Cyprus to add a warning to its website that it is not authorised to transact business in the UK. The firm was under the Temporary Permissions Regime and FCA intervened…
To become, and remain, authorised regulated firms must meet Threshold Conditions at all times. This article looks at some trends and changes that mean you really do need to be paying attention to how you are meeting Threshold Conditions. FCA…
We reported in our blog about the FCA supervisory approach for 2021 that their new CEO intends to build an FCA that is “fit for a more digital future”. This stems from the vast investments in technology made by his…
Overview On Tuesday 11th May the Queen’s Speech was read to the UK parliament in London, this sets out the government’s legislative agenda. It included an Online Safety Bill (also known as the Online Harms white paper) which will place…