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...
Events, opinions and information
In a recent speech at the AML & ABC Forum 2021 Mark Steward (the FCA’s Executive Director of Enforcement and Market Oversight) spoke to...
The Guidance is designed to drive change within firms and help them understand how to achieve the goal of treating vulnerable customers in t
UK-based managers of funds and portfolio services may need to include ESG disclosures in their product literature from 10 March 2021 if...
n January this year the FCA warned firms of their “use it or lose it” policy. This reminded firms that the FCA could cancel the...
The much-awaited consultation paper on the new UK Investment Firm Prudential Regime (IFPR), was released in December. Full details can be fo
It will be no great surprise that the FCA has confirmed that the existing temporary ban on speculative illiquid securities will be made...
Investment firms will be delighted to hear that the timeframe for the prudential rule change has been delayed with HM Treasury now...
The FCA continues to focus on the consumer credit market in light of the ongoing pandemic and the effect it is having on retail borrowers....
Tuesday 9 November @ 10am Via Zoom Register here: https://us02web.zoom.us/meeting/register/tZ0oc-6urz0vEtcUb4OgFAyngItbgRQFzDFl If retail...
In 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...
With 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...
The transition of firms from Gabriel to RegData begins in October 2020. Firms will be moved in tranches to the new regulatory reporting syst
If retail investors are important to your business model you may want to answer the FCA’s Call For Input on the Consumer Investments
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
Key Information Documents, KIDs, have been the source of much controversy. Now for the UK it seems that the tide is turning.
The FCA considers firms have had sufficient time to overcome the practical challenges to responding to consumer complaints.
A portfolio strategy letter was sent to the CEOs of payment institutions (PIs) & e-money institutions (EMIs) highlighting 6 key action areas
The Treasury will be reviewing the process by which FCA authorised firms sign off financial promotions for third parties.
Environmental, social and governance (ESG) matters will become ever more important in the financial sector once the Disclosure Regulation
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.