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MiFID II Structured Deposits

What will happen? The UK’s MiFID II implementing legislation will include a transitional provision so that firms that hold certain permissions on the...

EuVECA 2

Background Registering as a EuVECA manager allows a firm to market qualifying venture capital funds throughout the EU to certain categories of investors...

Payment Services Directive 2

Background The revised Payment Services Directive (PSD2) is required to be implemented in the UK by 13 January 2018. The Treasury has transposed PSD2...

FCA Asset Management Market Study

Background The FCA has announced, in its Market Study MS 15/2.3, “a package of remedies” it will implement following its investigation into the...

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...

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...

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...

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...

Background In July 2016, the FCA published its Consultation Paper CP16/18, setting out how it proposed to reflect the Packaged Retail and...

FCA Business Plan

Background The FCA Business Plan for 2017/18 was published in April 2017 and can be located

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...

MiFID II

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

CFD Update

The FCA scrutinises contracts for difference and spread betting - revisited

Payment Services Regulator

The PSR has recently published its Annual Plan and Budget for the year 2017/18.

FCA live and Local

This update is relevant to all retail investment and general insurance firms

FCA Sandbox Update

This update is relevant to all fintech firms.

Payment Services Regulator

This update is relevant to all retail advice firms FAMR...

MiFID applications

This update is relevant to all firms involved with commodity derivatives.

Cybersecurity

Friday 12th May 2017 saw the start of a global cyber attack using malware

MiFID applications

This update is relevant to all firms within the scope of MiFID II Background MiFID...

Payment Services Regulator Plan

Each year the Payment Services Regulator publishes its...

Insurance Distrubution Directive

The new Insurance Distribution Directive (IDD) applies to all entities engaged in insurance distribution to...

MiFID II Taping

An important modification to the MiFID II proposals has been announced and this will affect “Article 3”...

MiFID II Update

In the light of widespread losses by customers and allegations of poor transparency and understanding of the...

From 25th May 2018, a new EU data protection framework will apply, taking the form of a regulation...

European Union venture capital

This update is relevant to any firms considering registration as EuVECA fund managers By...

regulated advice changes

From 3rd of January 2018, for FCA regulated firms, the UK definition of advising on investments is to...

Money Laundering Directive

The Fourth Money Laundering Directive is a

FCA regulation agenda 2017

Keeping up to date with FCA regulation is a constant challenge for firms. Ensuring you are keeping up to date with...

This post will outline recent developments regarding the FCA’s ‘potential consolidator’ and advisory client...

FCA skilled person reviews checklist

This post will discuss recent developments regarding the FCA’s pensions transfer and skilled person reviews...

PSD2 regulation impact on the European payments industry.

The rapid pace of innovation of new financial solutions and products in the last decade has resulted in a need...

This post is the second in our ‘FinTech future’ series where we will be discussing various issues relating...

Could the impact of Brexit uncertainty within financial services firms be soothed by a FinTech future? Financial...

As we enter the new year, you may be wondering ‘How will I stick to my resolutions this year?’, and of...

This post is the fifth in our MiFID II blog series, where we will be providing updates and information regarding...

This post is the fourth in our MiFID II series, where we will be providing MiFID II updates and discussing the...

This post will discuss recent developments regarding FCA regulation in relation to firms operating in the...

This post will discuss recent developments regarding FCA regulation in relation to firms operating in the...

Are you wondering how MiFID II will impact

This post will discuss a recent study of the global online and crowdfunding market by Juniper Research entitled...

A recent report from KPMG UK has highlighted that there are significant improvements that could be necessary in...

Are you ready for MiFID II? This blog is the second in our MiFID II series, where we will be examining the impact of...

This post will outline the key points from Chancellor Philip Hammond’s Autumn Statement issued today. This...

Five months on from the EU referendum, uncertainty still looms. The effect of Brexit on the financial services...

Rob Gruppetta, Head of the Financial Crime Department at the FCA, delivered a speech on 10th November 2016...

This post will discuss what can be learnt from the FCA’s Skilled Persons Review into a large bank’s treatment of...

Are you prepared for MiFID II? This introductory blog is the first in our MiFID II series, where each week we will be...

The peer-to-peer (P2P) lending industry has grown rapidly over recent years, providing investors with  a better rate of...

Andrew Bailey, Chief Executive of the FCA delivered a speech on 26th October 2016 regarding the rationale...

This post will discuss the recently released mission statement in which the regulator clarified its objectives and...

This post will discuss a recent enforcement ruling by the FCA on a UK bank and the bank’s Money Laundering Reporting Officer (MLRO)...

If you have received a Section 166 notice from the FCA, requiring you to provide the FCA with a report by a Skilled Person – then you may have resigned yourself to the idea that this is a stepping...

FCA Regulatory Compliance: A spotlight on Due Diligence Christopher Woolard, Director of Strategy and Competition at the FCA, recently delivered a...

FCA enforcement action is not a concern only for FCA regulated...

FCA regulation is an ever-changing landscape, and the ability to be responsive is of great importance. With EU membership-related uncertainty looming in the wake of the ‘Brexit’ referendum, the...

Have you read our previous blog

The FCA very much has the approach of act first and ask...

Section 21 FSMA support

If you’re wondering what Section 21 of FSMA is, please see our previous blog post:

When you receive any form of notice from the FCA for breaching a section of FSMA, it can be very easy to go into panic mode and call the first law firm you can find that deal with FCA enforcement and...