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Latest Financial Services News

EU courts told to let Iranian companies use sanction blocking law

The following Corporate Crime news provides comprehensive and up to date legal information on EU courts told to let Iranian companies use sanction blocking law

FCA looks to challenge Amigo Loans’ restructuring plan

The following Banking & Finance news provides comprehensive and up to date legal information on FCA looks to challenge Amigo Loans’ restructuring plan

FCA to review regulatory extension scheme after Greensill

The following Financial Services news provides comprehensive and up to date legal information on FCA to review regulatory extension scheme after Greensill

Financial Services weekly highlights—13 May 2021

The following Financial Services news provides comprehensive and up to date legal information on Financial Services weekly highlights—13 May 2021

Featured Financial Services content

What is credit and what is a regulated consumer credit agreement?

Scope of this Practice NoteThere are several factors to consider when deciding whether or not a credit agreement is regulated under the regulatory...

Impact of Brexit: Solvency II—quick guide

This Solvency II quick guide details current UK legislation and retained EU legislation in relation to prudential insurance requirements that will be...

MiFID I—Transaction reporting

This Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in Financial Instruments Directive...

Second Wire Transfer Regulation (WTR2)—essentials

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...

Practice notes

Debt sale and purchase agreements

The debt sale and purchase market in the UKThe debt sale and purchase market has for some time been very active throughout the UK. It is an important...

9th Nov

In-house

Practice notes

Authorised unit trust authorisation and winding-up

Authorisation of an authorised unit trust (AUT)What is an AUT?A unit trust is a type of collective investment scheme (CIS) in which the assets are...

9th Nov

Practice notes

Entering into a consumer hire agreement as owner

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...

9th Nov

Practice notes

UCITS VI

UCITS VIUCITS VI describes the European Commission's Consultation on Undertakings for Collective Investment in Transferable Securities issued 26th...

Produced in partnership with Andrew Henderson Partner, Eversheds Sutherland LLP 12th Jan

Practice notes

Recognised investment exchanges

Recognised investment exchangesA recognised investment exchange (RIE) is a UK recognised body under Part XVIII of the Financial Services and Markets...

9th Nov

In-house

Practice notes

Fair and Effective Markets Review (FEMR)—one minute guide

On 10 June 2015, the Fair and Effective Markets Review (FEMR) published its final report. Running to 106 pages, the report covers a wide range of...

9th Nov

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

9th Nov

Practice notes

Consumer protection—FCA and other regulatory requirements

This Practice Note looks at key aspects of consumer protection within the UK financial services regulatory system. The UK’s regulatory structure,...

9th Nov

Practice notes

Financial Conduct Authority—objectives and principles

The role of the FCAThe Financial Conduct Authority (FCA) forms part of the regulatory structure for financial services firms. The FCA has a...

9th Nov

Practice notes

Basel Accord

The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada,...

Produced in partnership with Morrison & Foerster LLP 12th Jan

Practice notes

Accepting deposits

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark...

9th Nov

Practice notes

Application of the FCA's COBS 4 rules

Chapter 4 of the Financial Conduct Authority's (FCA) Conduct of Business sourcebook (COBS 4) contains the conduct of business requirements for...

9th Nov

Practice notes

Non-UCITS retail schemes (NURS)

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...

Produced in partnership with Ms Elizabeth Budd of Pinsent Masons 12th Jan

Practice notes

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...

Produced in partnership with DLA Piper 12th Jan

Practice notes

What is electronic money?

BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further...

9th Nov

Practice notes

The Money Laundering Reporting Officer (MLRO)—duties

The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive...

9th Nov

In-house

Most recent Banks and mutuals content

Practice notes

Santander Group ring-fencing transfer scheme summary [Archived]

Santander Group ring-fencing transfer scheme summary [Archived]This Practice Note has been archived and is not maintained.Rationale for bank...

13th May

Practice notes

Barclays Group ring-fencing transfer scheme summary [Archived]

Barclays Group ring-fencing transfer scheme summary [Archived]This Practice Note has been archived and is not maintained.Rationale for bank...

13th May

Practice notes

Impact of Brexit: BRRD—quick guide

Impact of Brexit: BRRD—quick guideThis Brexit Bank Recovery and Resolution Directive 2014/59/EU quick guide details UK legislation and retained EU...

13th May

Brexit

In-house

Practice notes

Dormant accounts

Dormant accountsDormant Bank and Building Society Accounts Act 2008 The management of dormant account funds and the meeting of repayment claims by a...

13th May

Practice notes

CRD IV—essentials

CRD IV—essentialsThis Practice Note introduces key concepts in the EU’s package of prudential measures, the Capital Requirements Directive IV...

12th May

Practice notes

The Deposit Guarantee Schemes Directive

This Practice Note discusses the key provisions of the Deposit Guarantee Schemes Directive 2014/49/EU (EU DGSD), which requires Member States to...

9th May

Practice notes

The EU banking package—CRD V, CRR II, BRRD II and SRMR II

A package of legislation intended to reduce risks in the EU banking sector, known as the ‘banking package’, was published in the Official Journal of...

4th May

Practice notes

CRD IV/CRR—Remuneration requirements

This Practice Note discusses both (1) the EU remuneration provisions under the Capital Requirements Directive 2013/36/EU (EU CRD IV) and Regulation...

29th Apr

Practice notes

FCA Remuneration Code Principles—comparison checklist

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

29th Apr

Practice notes

Coronavirus (COVID-19)—targeted EU banking package

This Practice Note summarises the new targeted banking package of measures proposed by the European Commission in April 2020 to address the impact of...

28th Apr

COVID-19

Practice notes

FCA client money rules

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

28th Apr

Practice notes

Banking regulation—Sri Lanka—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in Sri Lanka published as part of the Lexology Getting the Deal...

27th Apr

Practice notes

Banking regulation—Singapore—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in Singapore published as part of the Lexology Getting the Deal...

27th Apr

Practice notes

Banking regulation—Sweden—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in Sweden published as part of the Lexology Getting the Deal...

27th Apr

Practice notes

Banking regulation—United Kingdom—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in United Kingdom published as part of the Lexology Getting the...

27th Apr

Practice notes

Banking regulation—South Africa—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in South Africa published as part of the Lexology Getting the Deal...

27th Apr

Practice notes

Banking regulation—USA—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in USA published as part of the Lexology Getting the Deal Through...

27th Apr

Practice notes

Banking regulation—United Arab Emirates—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in United Arab Emirates published as part of the Lexology Getting...

27th Apr

Practice notes