Latest Regulatory Initiatives Grid published November 2021
On November 1st the FCA set out its latest planned Regulatory Initiatives Grid for the next 24 month period, as set out by the Financial...
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IFPR: The Final Consultation Paper CP21/26
The FCA released the 3rd and final IFPR Consultation Paper CP21/26 on Friday.
PS21/9: Key feedback for implementation of the IFPR
The FCA has released the second Policy Statement PS21/9 on the implementation of the new IFPR regime.
Implementation of Investment Firms Prudential Regime
Implementation of the IFPR: Policy Statement PS21/6
Host fund managers fall short of FCA expectations
The FCA has released the outcome of its review of managers of authorised funds who delegate investment management to a third party.
EU 6th Money Laundering Directive comes into force
The 6th Money Laundering Directive became law in EU states on 3rd June 2021. The UK decided not to implement the changes, as it believes...
New treatment for venture capital investments?
Venture capital investments may also be re-classified as speculative illiquid securities which would signal an end to retail investment.
The rise in scams and the threat to a legitimate financial services industry
In May, Mr Steward (FCA Executive Director of Enforcement and Market Oversight) spoke at the City & Financial Global - FCA Investigations...
Addressing the harm from 'high risk investments'
DP21/1 sets out proposals that seek to make it harder for retail investors to invest in 'high risk investments'.
Have you submitted your Directory Persons?
The FCA has released a statement to highlight that 2,800 failed to submit Directory Persons' information by the deadline of 31 March and tha
Support for LCF bondholders to be extended beyond FSCS
The Government is setting up a support scheme that will compensate up to 80% of each LCF bondholder's investment
The FCA wants “purposeful” AML systems and controls
In a recent speech at the AML & ABC Forum 2021 Mark Steward (the FCA’s Executive Director of Enforcement and Market Oversight) spoke to...
Grace period for complaints handling ends
The FCA considers firms have had sufficient time to overcome the practical challenges to responding to consumer complaints.
6 targeted actions for CEOs of payments and e-money institutions
A portfolio strategy letter was sent to the CEOs of payment institutions (PIs) & e-money institutions (EMIs) highlighting 6 key action areas
Will approving non-group company promotions to be a thing of the past?
The Treasury will be reviewing the process by which FCA authorised firms sign off financial promotions for third parties.
Sustainability-related disclosures in financial services
Environmental, social and governance (ESG) matters will become ever more important in the financial sector once the Disclosure Regulation
Extended period to implement SM&CR
It is now expected that firms will have a deadline of 31 March 2021 by which to have undertaken all certifications for the first time.
Climate disclosures for listed companies
The FCA has proposed new rules for listed companies that require climate related disclosures to be made.
Here To Stay? Speculative Illiquid Security rules to be made permanent
the FCA has published the consultation extending the ban on speculative illiquid securities. This is so that the temporary intervention whi
Will the gap close? Safeguarding vs holding client money
more focus is being placed on an area that has needed looking at for some time: the difference between the CASS and the safeguarding rules
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