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Latest Insights from Thistle Initiatives 

As part of our compliance services at Thistle Initiatives, we keep our clients updated with the latest regulatory news, allowing them to stay ahead of the competition in the compliance world.

We will send regular Regulatory Updates direct to your inbox, as and when the most significant issues arise within the finance sector, as well as any broad regulatory matters that we believe will be relevant to your firm’s business activities.

In addition to our updates, Thistle Initiatives compose a monthly compliance newsletter, providing you with advice and insight into recent FCA activities and financial services as a whole.

MiFID II Product Governance

History The Markets in Financial Instruments Directive (MiFID II) contains a new requirement relating to product approval. Article 16(3) defines specific rules for firms producing or distributing financial instruments, defined as being... Read more

Consumer Credit Firms Remuneration

The FCA has published proposals relating to performance management and staff incentives as applied within consumer credit firms. This relates to the regulator’s desire to ensure that these areas within firms do not use systems that might prejudice the adoption of best professional... Read more

Senior Managers & Certification Regime

The FCA’s Consultation Paper CP 17/25 presented an expanded SM&CR (Senior Managers & Certification Regime) proposal. The objective of the proposal is to reduce consumer risk and strengthen market integrity. This is to be achieved by making individuals across the entire... Read more

Thistle MiFID event

In April 2014, the European Union approved MiFID II, an updated version of the original Markets in Financial Instruments Directive (MiFID), implemented in 2007. The directive provides a harmonised... Read more

histle Initiatives FCA Suitability of Advice Review

In its 2016/17 business plan, the Financial Conduct Authority (FCA) noted that the “Suitability of Advice” review would be one of its seven priorities for the period ahead. This was a commitment arising out of the FCA’s role in assisting in the provision of suitable advice. The... Read more

Background In July 2016, the FCA published its Consultation Paper CP16/18, setting out how it proposed to reflect the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation in its Handbook. Policy Statement 17/6,... Read more

FCA Business Plan

Background The FCA Business Plan for 2017/18 was published in April 2017 and can be located here.   What... Read more

Payment Services Directive 2

Background The second EU Payment Services Directive (PSD2) is required to be in place in the UK by 13th January 2018. HM Treasury will transpose PSD2 into UK legislation in the Payment Services Regulations 2017... Read more


What happened? The second and final policy statement relating to MiFID II was issued on 3rd July 2017 and is available  Read more

CFD Update

The FCA scrutinises contracts for difference and spread betting - revisited What happened This statement provides an update on the... Read more

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