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The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

The following Financial Services news provides comprehensive and up to date legal information on The Upper Tribunal dismisses application to prohibit publication of FCA’s Decision Notice for non-financial misconduct [Frensham v FCA]

Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

The following Financial Services news provides comprehensive and up to date legal information on Contractual interpretation by administrators and common sense (Avery-Gee and others v Sibley and others)

Financial Services weekly highlights—8 April 2021

The following Financial Services news provides comprehensive and up to date legal information on Financial Services weekly highlights—8 April 2021

Ringing the changes with the CPS’s Economic Crime Strategy 2025

The following Corporate Crime news provides comprehensive and up to date legal information on Ringing the changes with the CPS’s Economic Crime Strategy 2025

Featured Financial Services content

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...

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...

Insurance conduct regulation—COBS and ICOBS

The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to...

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...

Practice notes

Regulatory capital—purpose, quantity and quality

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 Morrison & Foerster LLP 12th Jan

Practice notes

Public censure by the FCA

Disciplinary powers of the FCAThe disciplinary powers of the Financial Conduct Authority (FCA) are found in Part XIV of the Financial Services and...

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

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

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

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

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

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

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

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

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

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...

9th Nov

Practice notes

The impact of Brexit on the MiFID II regime

This Practice Note provides information relating to the impact of Brexit on the recast Markets in Financial Instruments Directive (Directive...

9th Nov

Brexit

Practice notes

MiFID I—Transaction reporting

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

9th Nov

Practice notes

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...

9th Nov

Brexit

Practice notes

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...

9th Nov

Most recent Prudential requirements content

Practice notes

Regulatory capital treatment of securitisations under CRR and Solvency II

In each section of this Practice Note, links are given to the relevant provisions of EU and/or UK legislation, as applicable, and significant...

9th Apr

Practice notes

State aid for financial institutions—the Impaired Assets Communication [Archived]

From IP completion day onwards, this document is archived. This Government’s policy is that at the end of the transition period the UK will have its...

9th Apr

Practice notes

State aid for financial institutions—the Recapitalisation Communication [Archived]

From IP completion day onwards, this document is archived. This Government’s policy is that at the end of the transition period the UK will have its...

9th Apr

Practice notes

Bank Recovery and Resolution Directive (BRRD)—technical standards and guidelines

The Bank Recovery and Resolution Directive 2014/59/EU (BRRD) establishes a framework for the recovery and resolution of investment firms and credit...

Produced in partnership with DLA Piper 8th Apr

Practice notes

Impact of Brexit: CRR and prudential regulation—quick guide

This Brexit Capital Requirements Regulation (EU) 575/2013 (EU CRR) quick guide details UK legislation and retained EU legislation that was amended...

8th Apr

Brexit

Practice notes

Coronavirus (COVID-19)—EU capital markets recovery package

This Practice Note summarises the new capital markets recovery package of measures proposed by the European Commission in July 2020 to address the...

8th Apr

COVID-19

Practice notes

Quick Look Brexit Financial Services Legislation Status Guide—CRD IV and CRD V

This Quick Look Brexit Financial Services Legislation Status Guide provides high-level information on the status of the Capital Requirements Directive...

8th Apr

Brexit

Practice notes

Bank Recovery and Resolution Directive (BRRD)—essentials

This Practice Note gives a general overview of the Bank Recovery and Resolution Directive 2014/59/EU (EU BRRD) which established a minimum harmonised...

8th 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...

8th Apr

COVID-19

Practice notes

CRD IV—essentials

This Practice Note introduces key concepts in the EU’s package of prudential measures, the Capital Requirements Directive IV (Directive 2013/36/EU)...

8th Apr

Practice notes

Quick Look Brexit Financial Services Legislation Status Guide—CRR

This Quick Look Brexit Financial Services Legislation Status Guide provides high-level information on the status of the Capital Requirements...

8th Apr

Brexit

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...

30th Mar

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...

30th Mar

Practice notes

Financial Services (Banking Reform) Act 2013—essentials

This Practice Note outlines the key changes to UK banking reform adopted through the Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013 or the...

29th Mar

Practice notes