Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
Check out our straightforward definitions of common legal terms.
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Access our unrivalled global news content, business information and analytics solutions
Insurance, risk and compliance intelligence using big data, proprietary linking and advanced analytics.
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
In this issue, we have worked with our Financial Services team to handpick 5 key legal and regulatory updates for in-house lawyers. See below for instructions to sign up to the Financial Services sector blog, run by our in-house legal experts.
The FCA updated a webpage on Brexit which sets out issues for UK firms to consider during and after the transition period, which ends on 31 December 2020.
Source: FCA outlines issues for firms to consider during Brexit transitional period.
ESMA published a proposal for a new draft regulatory technical standard (RTS) postponing the date of entry into force of Commission Delegated Regulation (EU) 2018/1229 supplementing Regulation (EU) 909/2014 (the CSDR) with regard to the RTS on settlement discipline. Under the proposal, the date of entry into force of the RTS on settlement discipline, which is currently 13 September 2020, would be postponed until 1 February 2021.
Source: Final report: CSDR RTS on settlement discipline—postponed entry into force.
The FCA published policy statement PS20/1, Mortgage advice and selling standards: feedback to CP19/17 and final rules. CP19/17 contained proposed changes to the FCA’s rules after the Mortgages Market Study (MMS) identified potential harms. PS20/1 summarises the feedback the FCA received and sets out its final rules. The FCA says there was support for its proposals and it is implementing them broadly as proposed.
Source: PS20/01: Mortgage advice and selling standards: feedback to CP19/17 and final rules.
The FCA wrote to credit card firms telling them to review their approach to borrowers who are stuck in persistent debt for three years, where they are paying more in interest, fees and charges than they are paying off their balance.
Source: FCA tells credit card firms to review their approach to persistent debt customers.
ISDA announced that it will re-consult on how to implement pre-cessation fallbacks following the release of new information by the FCA and ICE Benchmark Administration (IBA) on the length of time LIBOR may be published. Based on the results of this consultation, ISDA will move quickly to deliver the appropriate, industry endorsed fallback solution later in 2020.
Source: ISDA to re-consult on pre-cessation fallbacks
See the full update here: FS weekly highlights - 6 Febuary covering the topics listed below.
For further news, legal and regulatory updates and to sign up to alerts, see the Financial Services industry blog.
Free trials are only available to individuals based in the UK
* denotes a required field
Amy is an established writer and researcher, having contributed to publications, such as The Law Society, LPM, City A.M. and Financial IT. Her role at LexisNexis UK involved leading content and thought leadership, as well as writing research reports, including "The Bellwether Report 2020, Covid-19: The next chapter" and "Are medium-sized firms the change-makers in legal?"
0330 161 1234