FS News Brief—11 March 2019

FS News Brief—11 March 2019

Welcome to the second bulletin of the LexisPSL Financial Services 'News Brief'. This weekly update gives you a quick insight into some of the biggest stories from the past week, and highlights some of the stories that may have gone under your radar. 

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FCA publishes Handbook Notice No 63

The FCA published Handbook Notice No. 63, which includes changes to the FCA Handbook made by the FCA board on 24 January and 28 February 2019. Handbook Notice No 63 also provides feedback on CP18/34. The Handbook Notice includes the following instruments (1) Conduct of Business Sourcebook (Retirement Outcomes Review) Instrument 2019 (FCA 2019/4), entering into force on 1 November 2019 (2) Fees (Devolved Authorities Debt Advice Levies) Instrument 2019 (FCA 2019/8), entering into force on 1 March 2019 (3) Fees (Miscellaneous Amendments) (No 13) Instrument 2019 FCA 2019/10), entering into force on 1 April 2019.

Council of the EU adopts Cross-border Payments Regulation

The Council of the EU announced that it adopted the Regulation amending Regulation (EC) 924/2009 as regards certain charges on cross-border payments inthe EU and currency conversion charges. Most of the provisions of the new Regulation will take effect on 19 December 2019. The amendments to Regulation (EC) 924/2009 were proposed by the Commission inMarch 2018 and are intended to reduce the cost of intra-EU payments within the entire EU and unify the single

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About the author:
Prior to joining LexisNexis in 2018, Raphael carried out work placements at Willkie, Farr & Gallagher (sat in Debt Finance) and Macfarlanes (sat in Banking and Finance), through which he was able to gain knowledge about a wide variety of financial products and services. Raphael recently graduated in Law from King’s College London where he took a particular interest in modules such as Finance, Credit & Security and Transnational Company Law. Raphael has also worked as a Paralegal at Axiom Stone Solicitors in Mayfair, where he was involved in a wide range of contentious matters.