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Latest Financial Services News

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

UK antitrust watchdog clears IHS Markit, CME joint venture

The following Financial Services news provides comprehensive and up to date legal information on UK antitrust watchdog clears IHS Markit, CME joint venture

The road to COP26—exploring the role of private finance

The following Banking & Finance news provides comprehensive and up to date legal information on The road to COP26—exploring the role of private finance

Featured Financial Services content

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...

What is electronic money?

What is electronic money?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...

Complaints handling by financial services firms

CORONAVIRUS (COVID-19): The FCA has issued a statement setting out its expectations on complaints handling by firms during the coronavirus pandemic....

Financial Conduct Authority—objectives and principles

Financial Conduct Authority—objectives and principlesThe role of the FCAThe Financial Conduct Authority (FCA) forms part of the regulatory structure...

Practice notes

Threshold conditions under FSMA 2000

Threshold conditions under FSMA 2000This Practice Note provides a summary of the threshold conditions that apply to authorised firms, including firms...

Produced in partnership with John Ahern 19th May

Practice notes

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...

19th May

Practice notes

SM&CR—FCA and PRA Fitness and Propriety requirements

SM&CR—FCA and PRA Fitness and Propriety requirementsThe Senior Managers & Certification Regime (SM&CR) is the Financial Conduct Authority’s (FCA) and...

Produced in partnership with John Drabble of Kemp Little LLP 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

Exempt consumer credit agreements under the FSMA 2000 (Regulated Activities) Order 2001

Exempt consumer credit agreements under the FSMA 2000 (Regulated Activities) Order 2001This Practice Note seeks to explain the types of agreements...

Produced in partnership with Rebecca Kellner of Orrick, Herrington & Sutcliffe and Jacqui Hatfield of Orrick, Herrington & Sutcliffe 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

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

FCA client classification requirements

FCA client classification requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

19th May

Practice notes

The European Systemic Risk Board

The European Systemic Risk BoardBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...

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

Recognised investment exchanges

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

19th May

In-house

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

Regulatory capital—purpose, quantity and quality

Regulatory capital—purpose, quantity and qualityBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

Produced in partnership with Morrison & Foerster 19th May

Practice notes

Financial Conduct Authority—authorisation

Financial Conduct Authority—authorisationBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...

19th May

Most recent Financial crime content

Practice notes

Money Laundering Regulations 2017—group level policies, controls and procedures

Money Laundering Regulations 2017—group level policies, controls and proceduresThe Money Laundering, Terrorist Financing and Transfer of Funds...

28th Jul

Practice notes

FCA enforcement essentials—investigations

FCA enforcement essentials—investigationsLexis®PSL Financial Services FCA/PRA Enforcement Database: This incorporates detailed information on all...

28th Jul

Practice notes

Introduction to the EU AML/CTF legal and regulatory framework for financial services

Introduction to the EU AML/CTF legal and regulatory framework for financial servicesOverview of the European AML/CTF regulatory regimeThe EU’s...

28th Jul

Practice notes

An introduction to short selling

An introduction to short sellingShort selling, or 'going short', is a technique whereby traders sell shares or debt instruments ('securities') which...

28th Jul

Practice notes

European Commission 2020 Action Plan on AML/CTF—key provisions for financial services firms

European Commission 2020 Action Plan on AML/CTF—key provisions for financial services firmsThe European Commission Action Plan for a Comprehensive EU...

27th Jul

Practice notes

Introductory guide to fraud in financial services

Introductory guide to fraud in financial servicesThis introductory guide provides an overview of common types of fraud in financial services. It...

27th Jul

Practice notes

UK sanctions regimes currently in force

UK sanctions regimes currently in forceThis Practice Note provides information on UK sanctions regimes currently in force, including regimes under the...

27th Jul

Practice notes

Lexis®PSL Financial Services FCA/PRA Enforcement Database

Lexis®PSL Financial Services FCA/PRA Enforcement DatabaseThe Lexis®PSL Financial Services FCA/PRA Enforcement Database lists, and contains detailed...

26th Jul

Practice notes

Surveillance and intelligence gathering powers of the FCA

Surveillance and intelligence gathering powers of the FCAThe Investigatory Powers Act 2016 (IPA 2016) received Royal Assent on 29 November 2016 and...

Produced in partnership with Richard Hanstock of Cornerstone Barristers 26th Jul

Practice notes

Coronavirus (COVID-19)—financial crime implications for financial institutions

Coronavirus (COVID-19)—financial crime implications for financial institutionsSome criminals have taken advantage of the coronavirus (COVID-19)...

26th Jul

COVID-19

Practice notes

Cybersecurity—Malta—Q&A guide [Archived, 2019 edition]

Cybersecurity—Malta—Q&A guide [Archived, 2019 edition]This Practice Note contains a jurisdiction-specific Q&A guide to cybersecurity in Malta...

25th Jul

Practice notes

Cybersecurity—United Kingdom - England & Wales—Q&A guide [Archived, 2019 edition]

Cybersecurity—United Kingdom - England & Wales—Q&A guide [Archived, 2019 edition]This Practice Note contains a jurisdiction-specific Q&A guide to...

25th Jul

Practice notes

Cybersecurity—Austria—Q&A guide

Cybersecurity—Austria—Q&A guideThis Practice Note contains a jurisdiction-specific Q&A guide to cybersecurity in Austria published as part of the...

25th Jul

Practice notes

Cybersecurity—Turkey—Q&A guide

Cybersecurity—Turkey—Q&A guideThis Practice Note contains a jurisdiction-specific Q&A guide to cybersecurity in Turkey published as part of the...

25th Jul

Practice notes

Civil fraud—frequently asked questions (FAQ)

Civil fraud—frequently asked questions (FAQ)Fraud—what is it?Fraud can best be described as the deliberate or intentional use of misrepresentation,...

23rd Jul

Practice notes

Obligations to report money laundering and other suspicious transactions

Obligations to report money laundering and other suspicious transactionsReporting money laundering under the Proceeds of Crime Act 2002 (POCA 2002)The...

23rd Jul

Practice notes