The FCA’s PS25/14 marks a turning point for investment firms, finally severing the awkward ties between MIFIDPRU and the banking-focused UK Capital Requirements Regulation. For compliance teams who have spent years juggling multiple regulatory sources, this is genuinely welcome news.…
The UK’s Financial Conduct Authority (FCA) has confirmed that from 8 October 2025, retail investors will be able to purchase crypto exchange-traded notes (ETNs) via regulated UK exchanges. This development reverses the FCA’s 2021 prohibition and signals a pragmatic evolution in the regulator’s…
Firms subject to the Financial Ombudsman Service need to keep up with regulatory news, especially in light of FOS fee reform and FCA redress changes. We summarise the consultations and what they mean for your business below. What’s in the consultations?…
Eric Trump’s bold claim last week that cryptocurrencies could “save the US dollar” shows how radically different the United States and the United Kingdom are approaching digital assets. Speaking to the Financial Times, Trump argued that booming demand for bitcoin…
On 13 December 2024, the PRA and FCA published landmark consultation papers on operational incident and third party reporting. These new proposals mark a turning point for UK banks and investment firms, setting out how to report operational disruptions and…
On 12 November 2024, the PRA and FCA published new policies on operational resilience critical third parties UK financial sector. This marks a major step for banks and investment firms. The final rules from the Bank of England, PRA and FCA…
A Regulatory and Compliance Perspective in the UK Financial Services Sector In an era marked by technological advancements, regulatory scrutiny, and increasing market volatility, the concept of operational resilience has taken centre stage within the UK financial services sector. For those…
Key Takeaways Implementing a Robust TPRM Program With the stakes so high, creating a robust TPRM program is not just advisable; it’s imperative. This involves developing a framework that clearly defines the roles and responsibilities of all parties involved, and…
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…
The FCA has delayed publishing its annual business plan until June, alongside its Annual Report. This article covers FCA’s Supervisory Approach in 2021, highlighting key themes affecting all sectors. This article includes a few points about how FCA’s operating context…