This Practice Note provides an introduction to some of the regulatory responsibilities and contractual requirements that firms authorised by the Financial Conduct...
This Practice Note explores the measures in the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (AIFMD) relating to the rights and regulatory...
Introduction The Financial Conduct Authority (FCA) took over regulation of the claims management sector from the Claims Management Regulator (CMR) on 1 April 2019....
On 7 March 2016, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) for UK banks, building societies, credit unions and...
STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...
What is passporting? UK authorised firms may be eligible to carry out permitted activities in another European Economic Area (EEA) state if they fulfil the requirements...
From 1 April 2013, the PRA and the FCA replaced the FSA. From 1 April 2013, in addition to the need to identify which regulator is relevant to the firm's activities and...
This Practice Note discusses the main Financial Conduct Authority (FCA) provisions applying to appointed representatives (ARs) that carry out regulated activities on...
Introduction to the authorisation process for electronic money institutions The recast Directive 2007/64/EC, the Electronic Money Directive (2EMD) applied the...
In the UK, certain relationships and close ties that firms may have are considered to have the potential to affect the way in which a firm is run and could affect...
Chapter 16 Annex 16A of the Financial Conduct Authority (FCA) Handbook's Supervision Manual (FCA SUP 16, Annex 16A) sets out a list of standing data which the regulators...
This Practice Note explains the contractual requirements as between a firm—referred to as a principal—and its appointed representative (AR) under Chapter 12 of the...
Overview of Directory Persons As a consequence of the extension of the Senior Managers & Certification Regime (SM&CR) to solo-regulated firms in December 2019, the...
This Practice Note sets out the passporting rights and related notification requirements of credit intermediaries established in the European Economic Area (EEA) which...
Cross-border business Regulated firms will be familiar with the concept of passport, but it may be a new concept for those coming from outside the financial services...
Part XII of the Financial Services and Markets Act 2000 (FSMA 2000) requires controllers and proposed controllers to seek approval from the Financial Conduct Authority...
This Practice Note examines EU laws in relation to financial services around the rights of freedom of establishment and freedom to provide services from one state to...
This Practice Note looks at the European System of Financial Supervision (ESFS) and micro-prudential supervision on an EU level. It should be read in conjunction with...
This Practice Note sets out the passporting rights and related notification requirements of insurance undertakings established in the European Economic Area (EEA). For...
This Practice Note focuses purely on procedural requirements for UK firms wishing to exercise EEA rights to provide financial services into the EEA under the following...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...
What are FCA professional standards? Following implementation of the Retail Distribution Review (RDR) professional standards requirements were enhanced through changes to...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
The Retail Distribution Review and the development of accredited body status The Financial Conduct Authority (FCA) created the status of 'accredited body' following a...
STOP PRESS: On 16 July 2018 the Financial Reporting Council published revised versions of its UK Corporate Governance Code (UKCG Code) and Guidance on Board Effectiveness...