Navigating the evolving landscape of operational resilience is crucial for financial services firms. Legal professionals must stay ahead of regulatory expectations, ensuring robust frameworks to manage disruptions while safeguarding business continuity and client interests. This topic provides you with the essential tools and insights to bolster your advisory capabilities in this dynamic area.
This week's edition of Financial Services weekly highlights includes: the FCA’s Handbook Notice 143, a joint statement reaffirming co-operation from...
A round-up of financial services developments, including (among other things) a joint statement from HMT and the US Department of the Treasury...
A round-up of financial services developments, including (among other things) the Tribunal upholds FCA bans on pair involved in pension transfer...
The European Financial Reporting Advisory Group (EFRAG) has launched a public consultation on the Exposure Draft of the European Sustainability...
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
The Competition and Markets Authority (CMA) has identified several breaches by Monzo Bank Limited (Monzo) of the Retail Banking Market Investigation...
Insurance conduct regulation—COBS and ICOBSThe Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of...
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
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