1 minConsultation Paper: New Prudential Regime for Investment FirmsThe much-awaited consultation paper on the new UK Investment Firm Prudential Regime (IFPR), was released in December. Full details can be fo
2 minConfirmation of the ban on the marketing of speculative illiquid securitiesIt will be no great surprise that the FCA has confirmed that the existing temporary ban on speculative illiquid securities will be made p...
1 minPrudential regime change delayedInvestment firms will be delighted to hear that the timeframe for the prudential rule change has been delayed with HM Treasury now target...
1 minForbearance in the face of a pandemicThe FCA continues to focus on the consumer credit market in light of the ongoing pandemic and the effect it is having on retail borrowers...
1 minConsumer Investments Market: a round tableTuesday 9 November @ 10am Via Zoom Register here: https://us02web.zoom.us/meeting/register/tZ0oc-6urz0vEtcUb4OgFAyngItbgRQFzDFl If retail...
1 minCovid-19 Impact SurveyIn June and August 2020, the FCA surveyed 22,500 firms in the first phase of it's Covid-19 Impact Survey. Those firms have been or will ...
2 minPost-Brexit clarity is one step closerWith the transition period coming to a close and no certainty of any form of agreement, both the FCA and firms have had their work cut ou...
1 minFCA launches the RegData platformThe transition of firms from Gabriel to RegData begins in October 2020. Firms will be moved in tranches to the new regulatory reporting syst
1 minThe future of retail investing: views welcomed If retail investors are important to your business model you may want to answer the FCA’s Call For Input on the Consumer Investments
2 minIdentifying which customers are "vulnerable"?The FCA's view on which customers could be vulnerble may come as a surprise to firms. Here are the 4 Vulnerability Factors to consider
2 minThe KIDS (still) aren’t alrightKey Information Documents, KIDs, have been the source of much controversy. Now for the UK it seems that the tide is turning.
1 minGrace period for complaints handling endsThe FCA considers firms have had sufficient time to overcome the practical challenges that may have make responding to consumer complaint...
1 min6 targeted actions for CEOs of payments and e-money institutionsA portfolio strategy letter was sent to the CEOs of payment institutions (PIs) & e-money institutions (EMIs) highlighting 6 key action areas
2 minWill 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.
1 minSustainability-related disclosures in financial services Environmental, social and governance (ESG) matters will become ever more important in the financial sector once the Disclosure Regulation
2 minExtended period to implement SM&CRIt is now expected that firms will have a deadline of 31 March 2021 by which to have undertaken all certifications for the first time.
1 minClimate disclosures for listed companiesThe FCA has proposed new rules for listed companies that require climate related disclosures to be made.
3 minHere To Stay? Speculative Illiquid Security rules to be made permanentthe FCA has published the consultation extending the ban on speculative illiquid securities. This is so that the temporary intervention whi
2 minFirm survey on Financial ResilienceThe FCA is to survey 13,000 firms on the financial impact of Covid-19
1 minWill the gap close? Safeguarding vs holding client moneymore focus is being placed on an area that has needed looking at for some time: the difference between the CASS and the safeguarding rules
