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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.

Last week, the winners of the AltFi Awards 2017 were announced. These awards recognise outstanding achievement in the Alternative Finance industry for both established and up-and-coming platforms. Thistle was awarded runner-up in the “Consulting and Corporate Advice Firm of the... Read more

IDD

Background In the wake of the collapse of Carillion, the UK’s second-largest construction company, the company has announced that it has been forced into compulsory liquidation with ‘immediate effect’ after being unable to overcome its... Read more

payment services

PSD2 and the Payment Services Regulations 2017 (PSRs 2017), the UK implementing legislation, introduce two new activities that may be passported: • Payment Initiation Services (PIS), and • Account Information Services (AIS) If a firm is planning on providing... Read more

payment services

What happened? “Our Payments Department” - a section of a speech delivered by Karina McTeague, Director of Retail Banking Supervision at the FCA, at the Westminster Business Forum on retail banking and payments on 16th November 2017. See... Read more

CFD Update

What has happened? The European Commission has announced a proposal to push back the application date of the Insurance Distribution Directive (IDD) by seven months to 1 October 2018, following requests from the European Parliament and Member... Read more

IDD

What has happened? On 20 December, the European Securities and Markets Authority (ESMA) issued a public statement to support the smooth introduction of the Legal Entity Identifier (LEI) requirements for MiFID II implementation. This statement... Read more

MiFID II

What happened? The majority of the updated PSD 2 regime will apply from 13 January 2018 and certain payments businesses will have to be registered or authorised for the first time. The FCA recommended that those businesses apply before 27... Read more

IDD

What happened? On 2 August 2016, the FCA had issued an alert following an increase in cases of introducers having an inappropriate influence on business carried out by authorised firms. This alert expands on that. It also highlights the risks... Read more

MiFID II Telephone Taping

Background With less than one month to go until MiFID II goes live, the FCA has amended the rules on telephone taping which will apply to all discretionary investment managers from 3 January 2018. What... Read more

MiFID II costs and charges

What will happen? MiFID II brings in, from 3rd January 2018, enhanced requirements in relation to the disclosure to retail and professional clients and eligible counterparties of costs and charges information by investment advisers and... Read more

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Head office: Thistle Initiatives
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Telephone: +44 (0)20 7436 0630
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