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Brexit legislation tracker

This Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the UK’s withdrawal from the

General principles of insurance contract law

What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds

Disclosure requirements for occupational and personal pension schemes—the 2013 disclosure regulations

CORONAVIRUS (COVID-19) UPDATE: In light of the coronavirus pandemic, the Pensions Regulator (TPR) issued guidance setting out reporting easements

Insurance Distribution Directive (IDD)—organisational and conduct of business requirements

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

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...

21st Oct

In-house

Practice notes

Financial services outsourcing—post MiFID II implementation

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...

19th Oct

Practice notes

AIFMD—the marketing of AIFs, passporting and third country provisions

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...

5th Oct

Practice notes

Regulated activities relating to consumer credit

This Practice Note sets out and examines the consumer credit regulated activities in the Financial Services and Markets 2000 (Regulated Activities)...

5th Oct

In-house

Practice notes

The regulation of crowdfunding platforms

This Practice Note discusses the regulatory issues faced by crowdfunding platforms from a financial services perspective. It should be read in...

5th Oct

Practice notes

Market Abuse Regulation (MAR)—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...

1st Oct

Practice notes

MLD4 and 2017 MLRs—customer due diligence checklist for financial services firms

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...

26th Sep

In-house

Practice notes

AIFMD—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...

26th Sep

Practice notes

Payment Services Regulations 2017—scope

BREXIT: The 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...

26th Sep

Practice notes

Regulated mortgage contracts and home finance transactions defined

Background to the regulation of home finance transactionsThe regulation of home finance transactions came about at different points in time. HM...

25th Sep

Practice notes

Consumer credit: rules relating to arrears, default and recovery

Goode consumer credit materials—default and enforcementFor further discussion on the topics raised in this Practice Note, a statement of the...

25th Sep

Practice notes

MiFID II conduct of business and investor protection requirements

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For...

25th Sep

Practice notes

Regulated activities—exempt persons

In this Practice Note, references to exemptions relate to persons who are exempt from the need to apply for authorisation from the Prudential...

25th Sep

Practice notes

Goode on Consumer Credit—materials

Goode: Consumer Credit Law and Practice This volume contains thirteen divisions and states the current law with commentary on consumer credit in the...

25th Sep

Practice notes

Exclusions applying to several specified kinds of activity

BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...

25th Sep

Practice notes

Appointed representatives

This Practice Note discusses the main Financial Conduct Authority (FCA) provisions applying to appointed representatives (ARs) that carry out...

25th Sep

Most recent Financial stability, recovery and resolution content

Practice notes

The Single Resolution Mechanism

BackgroundThe financial and economic crisis highlighted the increasing risk of financial fragmentation within the internal market for banking services...

25th Sep

Practice notes

Total loss absorbing capacity (TLAC)

Origins of TLACThe origins of the international concept of total loss absorbing capacity (TLAC) lie in the lessons learned during the financial...

25th Sep

Practice notes

State aid for financial institutions—the Recapitalisation Communication

CORONAVIRUS (COVID-19)This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19)...

25th Sep

Practice notes

State aid for financial institutions—the Restructuring Communication

CORONAVIRUS (COVID-19)This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19)...

25th Sep

Practice notes

Ring-fencing—timeline

Structural banking reform and ring-fencing The global financial crisis revealed the need for international structural banking reform. In...

25th Sep

Practice notes

Minimum Requirements for Own Funds and Eligible Liabilities (MREL)

Origins of Minimum Requirements for Own Funds and Eligible LiabilitiesThe origins of Minimum Requirements for Own Funds and Eligible Liabilities...

25th Sep

Practice notes

Banking Reform Act secondary legislation—the Excluded Activities and Prohibitions Order

The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. There are eight parts and ten schedules in...

25th Sep

Practice notes

State aid for financial institutions—the Banking Communication

CORONAVIRUS (COVID-19)This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19)...

25th Sep

Practice notes

Financial stability information gathering powers

Part XI of the Financial Services and Markets Act 2000 (FSMA 2000) (ss 165-177) sets out the information gathering powers the regulators have to...

25th Sep

Practice notes

State aid for financial institutions—the Impaired Assets Communication

CORONAVIRUS (COVID-19)This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19)...

25th Sep

Practice notes

Banking Reform Act secondary legislation—Ring-fenced Bodies and Core Activities Order

The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. . There are eight parts and ten schedules...

25th Sep

Practice notes

Administration procedures for UK banks, building societies and investment banks

This Practice Note provides high-level guidance on the administration regimes for UK banks, investment firms, building societies and investment banks...

26th Sep

Practice notes

Financial Services (Banking Reform) Act 2013—background and context

Financial Services (Banking Reform) Act 2013The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December...

26th Sep

Practice notes

RBS Group ring-fencing transfer scheme summary [Archived]

This Practice Note has been archived and is not maintained.Rationale for bank ring-fencing transfer schemes (RFTS)Ring-fencing of day-to-day banking...

26th Sep

Practice notes

Ring-fencing—one minute guide

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

UK structural banking reform—ring-fencing

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

26th Sep

Practice notes

Bank Recovery and Resolution Directive (BRRD)—essentials

Background to the BRRDThis Practice Note summarises the core provisions included in the Bank Recovery and Resolution Directive 2014/59/EU (BRRD). The...

26th Sep

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...

26th Sep

Practice notes