Prudential requirements—credit institutions and systemically important investment firms

Copyright © 2025 LexisNexis

This Overview provides a guide to the Lexis+® UK Financial Services content within the Prudential requirements—credit institutions and systemically important investment firms subtopic with links to the appropriate materials.

UK prudential regulation of banks, building societies and systemically important investment firms

The UK prudential regime for banks, building societies and systemically important investment firms is derived from the EU regime under the Capital Requirements Directive 2013/36/EU (CRD IV) and

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Financial Services News

Financial Services—other developments (29/8/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

FATF publishes toolkit and guidance to support national money laundering risk assessments

The Financial Action Task Force (FATF) has published a Money Laundering (ML) National Risk Assessment (NRA) toolkit to help jurisdictions identify and address ML risks. The toolkit is accompanied by four thematic quick guides and a set of annexes (Annexes A–C), which provide practical tools and cross-country insights. The materials cover corruption, virtual assets, legal persons and the informal economy, and include methodologies developed by the World Bank, International Monetary Fund (IMF) and Council of Europe (CoE). The toolkit is designed to support a risk-based approach to anti-money laundering (AML) in line with Recommendation 1 of the FATF Standards. The toolkit and guides are designed to be flexible and may be used for full NRAs, sectoral or thematic assessments, or to support broader AML strategy development.

Wolfsberg Group publishes second statement on suspicious activity monitoring framework

The Wolfsberg Group has published its second statement on effective monitoring for suspicious activity, setting out a framework to support financial institutions in adopting innovative technologies within their monitoring programmes. The statement outlines three key pillars for responsible innovation (transition and validation, model risk balancing and explainability for transparency and effectiveness) having drawn  on the experiences of member banks in their respective jurisdictions and benefitted from technical workshops with financial intelligence units, policymakers and supervisory authorities. It encourages the integration of technologies such as artificial intelligence and machine learning into financial crime risk management programmes and outlines governance considerations to support implementation.

FCA continues to simplify supervisory communications under Consumer Duty requirements review

The Financial Conduct Authority (FCA) has announced changes to its supervisory communications to make it easier for firms to find up-to-date information on its website. As part of its Consumer Duty requirements review, the FCA is simplifying its multi-firm and thematic reviews and labelling those published before 2022—accounting for around 80% of the total—as ‘historical’. Historical documents will remain publicly accessible via existing links. The FCA notes that it will continue to publish multi-firm and thematic reviews and intends to publish a small number of market reports instead of Dear CEO or portfolio letters. These reports will provide firm-type specific information and insights drawn from supervisory work. In the meantime, firms should continue to rely on relevant supervisory communications for guidance. The FCA will continue to review its approach to other historical publications.

View Financial Services by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

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

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Can shares in a limited company that have not been paid-up at all be cancelled?

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
If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance tax

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

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?

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