Jul 29, 20211 min readUnauthorised financial adviser sentenced to 4 years in prison for fraudulent tradingIan James Hudson, an unauthorised financial adviser, was this week found guilty of fraudulent trading by Judge Tomlinson at Southwark...
Jul 27, 20211 min readPS21/9: Key feedback for implementation of the IFPRThe FCA has released the second Policy Statement PS21/9 on the implementation of the new IFPR regime.
Jul 26, 20211 min readFCA proposes changes to the PRIIPs regulations post BrexitThe FCA has recently published proposals to change Packaged Retail and Insurance-based Investment Products (PRIIPs) regulations. These...
Jul 21, 20211 min readFCA publishes 2021/2022 Business PlanThe FCA has now published its latest Business Plan for 2021/2022, setting out the main objectives and priorities for the year ahead....
Jul 7, 20211 min readDiversity consultation from FCA and PRAMuch more needs to be done to create a truly diverse and inclusive financial services sector according to the UK regulators, FCA and PRA....
Jun 30, 20211 min readImplementation of Investment Firms Prudential Regime Implementation of the IFPR: Policy Statement PS21/6
Jun 29, 20211 min readHost fund managers fall short of FCA expectationsThe FCA has released the outcome of its review of managers of authorised funds who delegate investment management to a third party.
Jun 8, 20211 min readEU 6th Money Laundering Directive comes into forceThe 6th Money Laundering Directive became law in EU states on 3rd June 2021. The UK decided not to implement the changes, as it believes...
Jun 2, 20212 min readNew 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.
Jun 1, 20211 min readThe rise in scams and the threat to a legitimate financial services industryIn May, Mr Steward (FCA Executive Director of Enforcement and Market Oversight) spoke at the City & Financial Global - FCA Investigations...
Apr 30, 20211 min readKey changes arising from IFPR | webinarIn our webinar on 27 April 2021, Adempi will be exploring the key changes form the new Investment Firm Prudential Regime (IFPR), due to
Apr 29, 20212 min readAddressing 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'.
Apr 20, 20211 min readHave 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
Apr 18, 20212 min readSupport for LCF bondholders to be extended beyond FSCSThe Government is setting up a support scheme that will compensate up to 80% of each LCF bondholder's investment
Mar 31, 20212 min readCould your Wind Down Plan trigger a liquidity requirement?The FCA issued ‘Finalised Guidance 20/1 - Our framework: Assessing Adequate Financial Resources’ in June 2020 in a bid to ensure that...
Mar 31, 20212 min readThe FCA wants “purposeful” AML systems and controlsIn a recent speech at the AML & ABC Forum 2021 Mark Steward (the FCA’s Executive Director of Enforcement and Market Oversight) spoke to...
Feb 24, 20211 min readFair Treatment of Vulnerable Customers: Finalised Guidance ReleasedThe Guidance is designed to drive change within firms and help them understand how to achieve the goal of treating vulnerable customers in t
Feb 22, 20212 min readSFDR compliance for UK managersUK-based managers of funds and portfolio services may need to include ESG disclosures in their product literature from 10 March 2021 if...
Jan 22, 20212 min read'Use it or lose it': the permissions review 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...
Jan 7, 20211 min readConsultation 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
