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Latest Financial Services News

European Union and UK government initiatives on money laundering and terrorism finance

The following Corporate Crime news provides comprehensive and up to date legal information on European Union and UK government initiatives on money laundering and terrorism finance

Financial Services weekly highlights—29 July 2021

The following Financial Services news provides comprehensive and up to date legal information on Financial Services weekly highlights—29 July 2021

Comment—clearinghouse equivalence countdown begins as UK regulators resign themselves to access expiration

The following Financial Services news provides comprehensive and up to date legal information on Comment—clearinghouse equivalence countdown begins as UK regulators resign themselves to access expiration

How anti-corruption push affects US companies operating abroad

The following Corporate Crime news provides comprehensive and up to date legal information on How anti-corruption push affects US companies operating abroad

Featured Financial Services content

Multilateral Trading Facilities (MTFs)

Multilateral Trading Facilities (MTFs)BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Insurance conduct regulation—COBS and ICOBS

Insurance conduct regulation—COBS and ICOBSBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Application of the FCA's COBS 4 rules

Application of the FCA's COBS 4 rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Remuneration Code for BIPRU firms

Remuneration Code for BIPRU firmsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...

Practice notes

Financial Ombudsman Service—time limits

Financial Ombudsman Service—time limitsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

19th May

Practice notes

FCA—APR controlled functions for benchmark administrators and appointed representatives

FCA—APR controlled functions for benchmark administrators and appointed representativesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’)...

19th May

Practice notes

Mortgage and home finance conduct of business—responsible lending, charges and arrears requirements

Mortgage and home finance conduct of business—responsible lending, charges and arrears requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP...

19th May

Practice notes

FCA—training and competence

FCA—training and competenceBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...

19th May

Practice notes

FCA regulation of claims management companies—essentials

FCA regulation of claims management companies—essentialsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Produced in partnership with Nicholas Thompsell of Fieldfisher 19th May

Practice notes

Second Wire Transfer Regulation (EU WTR2 and UK WTR2)—essentials

Second Wire Transfer Regulation (EU WTR2 and UK WTR2)—essentialsThe Second Wire Transfer Regulation (EU) 2015/847 (WTR2), also known as the Funds...

19th May

Practice notes

Interaction between the PRA, FCA and FPC

Interaction between the PRA, FCA and FPCBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

19th May

Practice notes

What are regulated activities?

What are regulated activities?Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated...

19th May

Practice notes

The Financial Services Compensation Scheme

The Financial Services Compensation SchemeBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Produced in partnership with Honor Levy of LexisNexis 19th May

Practice notes

SM&CR—Statements of Responsibility (SoRs)

SM&CR—Statements of Responsibility (SoRs)Banks, building societies, credit unions, PRA-regulated investment firms and insurers are required to file a...

19th May

Practice notes

Responsible lending requirements—CONC 5

Responsible lending requirements—CONC 5BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Produced in partnership with Jacqui Hatfield of Orrick, Herrington & Sutcliffe 19th May

Practice notes

COBS 4—exemptions in relation to UCIS and close substitutes

COBS 4—exemptions in relation to UCIS and close substitutesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

19th May

Practice notes

Public censure by the FCA

Public censure by the FCALexis®PSL Financial Services FCA/PRA Enforcement Database: This incorporates detailed information on all substantive FCA and...

19th May

Practice notes

Appointed representatives

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

19th May

Practice notes

USA—Introduction to state securities (blue sky) laws

USA—Introduction to state securities (blue sky) lawsState securities regulatorsApart from the Securities and Exchange Commission (SEC), which is an...

19th May

Practice notes

FCA inducements rules

FCA inducements rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...

19th May

Most recent Consumer protection content

Q&As

In relation to transferring an account from one bank to a new bank, are there any specific obligations on timing or efficiency that a bank has to its customers?

In relation to transferring an account from one bank to a new bank, are there any specific obligations on timing or efficiency that a bank has to its...

31st Jul

Practice notes

Treating vulnerable customers fairly

Treating vulnerable customers fairlyThis Practice Note looks at the Financial Conduct Authority’s (FCA) final guidance (FG21/1), which clarifies the...

31st Jul

Practice notes

Retail Distribution Review

Retail Distribution ReviewBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...

31st Jul

Practice notes

Mortgage Market Review—background and implementation

Mortgage Market Review—background and implementationBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

31st Jul

Practice notes

Pension liberation—an introduction

Pension liberation—an introductionCORONAVIRUS (COVID-19) UPDATE: In light of the coronavirus pandemic, the Pensions Regulator (TPR) issued guidance...

Produced in partnership with Rebecca Bennett of Needle Partnership and Natasha Peacock of Needle Partnership 31st Jul

Practice notes

The Money and Pensions Service

The Money and Pensions ServiceScope of this Practice NoteThe Money and Pensions Service (MPS) was set up by the government to enhance the...

31st Jul

Practice notes

Retail Distribution Review and the regulator

Retail Distribution Review and the regulatorBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

31st Jul

Practice notes

Retail product distribution

Retail product distributionBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...

Produced in partnership with Dentons 31st Jul

Practice notes

Treating customers fairly—quality of advice and other key concepts

Treating customers fairly—quality of advice and other key conceptsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the...

Produced in partnership with Jeanette Burgess of Walker Morris 31st Jul

Practice notes

Financial services firms and the Consumer Rights Act 2015

Financial services firms and the Consumer Rights Act 2015BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Produced in partnership with Noel Dilworth and Lucy McCormick of Henderson Chambers 31st Jul

Practice notes

Mortgage Market Review—key changes

Mortgage Market Review—key changesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...

31st Jul

Practice notes

FCA: Treating Customers Fairly—essentials

FCA: Treating Customers Fairly—essentialsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

31st Jul

Practice notes

Cryptoassets from a consumer protection perspective

Cryptoassets from a consumer protection perspectiveWhat are cryptoassets?One of the hurdles in relation to understanding non-traditional currencies...

Produced in partnership with Puesan Lam of DLA Piper and Tony Katz of DLA Piper 31st Jul

Practice notes

Consumer protection—FCA and other regulatory requirements

Consumer protection—FCA and other regulatory requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

31st Jul

Practice notes

FCA: Embedding TCF in the culture of a firm

FCA: Embedding TCF in the culture of a firmBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

31st Jul

Practice notes

The financial services sector and unfair contract terms

The financial services sector and unfair contract terms BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

31st Jul

Precedents

Time of the essence clause

Time of the essence clause1Time to be of the essence of all clausesEach time, date or period referred to in this agreement (including any time, date...

30th Jul

Precedents

Equitable relief clause

Equitable relief clause1Equitable relief[Each Party OR Party A] recognises that any breach or threatened breach of this Agreement may cause [the other...

30th Jul

Precedents