The Senior Managers and Certification regime sub-topic has materials to help customers identify the key developments in this fast-changing area. As well as key precedents and drafting notes developed with CMS.
Includes FCA/PRA Enforcement Database, 32 UK/EU financial services legislation timelines, regulatory essentials notes covering the range of EU/UK initiatives, quick look Brexit legislation guides, and toolkits.
We track the effects of Brexit on financial institutions. We cover the guidance regulators issue to help firms adapt to the new regulatory structure, plus practice notes on the impact of Brexit on specific sectors.
It’s the known unknowns and the unknown unknowns that make Financial Services such a fascinating and challenging area of law. We’ll help make sure you don’t miss anything.
MLex: Open banking can become a genuine competitor to Visa and Mastercard in the retail payments space, a senior official at the UK's payments...
MLex: Sanctions enforcers, especially in the US, are issuing exemptions to the measures as quickly as they're announcing them against entities...
Insurance & Reinsurance analysis: Hugo Laing, partner, Henry Dean, senior associate and Ellie Legg, associate, all at Eversheds Sutherland, consider...
Financial Services analysis: Alexandra Green, partner, Lora Froud, partner and Louise Bralsford, senior associate, of Macfarlanes LLP, discuss the...
Dispute Resolution analysis: Ben Zelenka Martin, barrister at One Essex Court, considers the judgment in the proceedings brought by Hewlett-Packard...
Introduction to the EU AML/CTF legal and regulatory framework for financial servicesOverview of the European AML/CTF legal and regulatory frameworkThe...
MLD5—key provisions for financial services firms—one minute guideAdoption of MLD5 and implementation in the UKThe Fifth Money Laundering Directive...
Market Abuse Regulation (MAR)—essentialsIn each section of this Practice Note, links are given to the relevant provisions of EU and/or UK legislation,...
Packaged Retail and Insurance-based Investment Products (PRIIPs)—essentialsThe PRIIPs Regulation, level 2 measures, UK implementation and BrexitThe...
OEIC and ICVC authorisation and winding-up [Archived]ARCHIVED: This Practice Note is Archived and is not maintained.BREXIT: 11pm (GMT) on 31 December...
Financial services outsourcing agreement (intra group)This Agreement is made on [insert date]Parties1[Insert name of party] a company incorporated in...
Sustainability definitions (The Chancery Lane Project)100% Renewable Energy and Renewable Energy Sources100% Renewable Energy•means an energy system...
Policy—regulatory references1Introduction1.1The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (together the...
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding...
Precedent notice for use with exempt financial promotions to certified high net worth individuals and self-certified sophisticated investorsWarning:...
MiFID I—Transaction reportingThis Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in...
Financial Conduct Authority—powersBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
Exempt consumer credit agreements under the FSMA 2000 (Regulated Activities) Order 2001This Practice Note seeks to explain the types of agreements...
FCA best execution rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Prudential Regulation Authority—Fundamental RulesBackground to the Fundamental RulesPrior to the creation of the Financial Conduct Authority (FCA) and...
Insurance conduct of business—cancellation rights and claims handlingImplementation of the Insurance: Conduct of Business Sourcebook (ICOBS)On 6...
The European Social Entrepreneurship Funds (EuSEF) RegulationThe EuSEF regulatory frameworkThis Practice Note provides an overview of the European...
Financial Services Act 2012The Financial Services Act 2012 (FSA 2012) received Royal Assent on 19 December 2012 and went into effect on 1 April 2013....
FCA inducements rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Tied agentsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into...
Consumer credit—essentialsThe FCA consumer credit regimeOn 1 April 2014, the Financial Conduct Authority (FCA) assumed responsibility for consumer...
Overview of UK implementation of the Consumer Credit DirectiveBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the...
Financial Services (Banking Reform) Act 2013—essentialsThis Practice Note outlines the key changes to UK banking reform adopted through the Financial...
USA—Insider tradingThe restriction on insider tradingWhat is insider trading?Insider trading is usually associated with illegal conduct. However, the...
Impact of Brexit: Insurance distribution—quick guideThis insurance distribution quick guide details current UK legislation and retained EU legislation...
This Timeline outlines the key developments related to the proposed Directive on the protection of persons reporting breaches of Union law...
Payment Systems Regulator—establishment, constitution and remitEstablishment of the PSRThe UK government commissioned in 1998 an independent review of...
Prudential Regulation Authority—Proactive Intervention FrameworkBackgroundAs the prudential regulator for insurers, banks and also certain investment...
A company's borrowings divided by the market value of its equity. It is a measure of the amount of gearing of a company, and an indicator of financial strength.
Real time gross settlement (RTGS) is an infrastructure operated by the Bank of England that holds accounts for banks, building societies and other institutions. The balances in these accounts can be used to move money in real time between these account holders.
A trust of lump sum pension death benefits from a registered scheme under which the deceased member's widow or widower is a potential beneficiary.
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