Financial stability, recovery and resolution

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The EAW is dead—long live the UK-EU Surrender Agreement

The following Corporate Crime news provides comprehensive and up to date legal information on The EAW is dead—long live the UK-EU Surrender Agreement

FCA test case—documentation for policyholders

The following Commercial news provides comprehensive and up to date legal information on FCA test case—documentation for policyholders

Comment—financial regulation inevitable for sour loan-laden UK lenders

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—financial regulation inevitable for sour loan-laden UK lenders

Scope of lending bank’s duty to commercial borrower to treat the customer fairly (Morley v RBS)

The following Banking & Finance news provides comprehensive and up to date legal information on Scope of lending bank’s duty to commercial borrower to treat the customer fairly (Morley v RBS)

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...

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...

Practice notes

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...

Produced in partnership with Ms Elizabeth Budd of Pinsent Masons 12th Jan

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

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

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

MLD4—key provisions for financial services firms—one minute guide

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

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 Financial stability, recovery and resolution content

Practice notes

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

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

17th Jan

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 UK LLP 17th Jan

Practice notes

Bank Recovery and Resolution Directive (BRRD)—essentials

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

17th Jan

Practice notes

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

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

17th Jan

Practice notes

The Liikanen Report and EU ring-fencing measures [Archived]

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

17th Jan

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...

17th Jan

Practice notes

Financial Services (Banking Reform) Act 2013—essentials

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

17th Jan

Practice notes

Financial Stability Board

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

17th Jan

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...

15th Jan

Practice notes

State aid for financial institutions—the Restructuring 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...

15th Jan

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...

15th Jan

Practice notes

State aid for financial institutions—the Banking 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...

15th Jan

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...

11th Jan

Practice notes

Ring-fencing—one minute guide [Archived]

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

8th Jan

Practice notes

The Single Resolution Mechanism

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

Produced in partnership with DLA Piper UK LLP 8th Jan

Practice notes

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

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

7th Jan

Practice notes

RBS Group second 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...

7th Jan

Practice notes

Barclays 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...

7th Jan

Practice notes

UK structural banking reform—ring-fencing

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

5th Jan

Practice notes

Lloyds Banking 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...

29th Nov

Financial stability, recovery and resolution

View Financial Services by content type:

Latest Financial Services News

The EAW is dead—long live the UK-EU Surrender Agreement

FCA test case—documentation for policyholders

Comment—financial regulation inevitable for sour loan-laden UK lenders

Scope of lending bank’s duty to commercial borrower to treat the customer fairly (Morley v RBS)

Featured Financial Services content

The Money Laundering Reporting Officer (MLRO)—duties

What is electronic money?

Insurance conduct regulation—COBS and ICOBS

The Single Rulebook

Most recent Financial stability, recovery and resolution content

Popular documents

Forming enforceable contracts—consideration

Joint, several, and joint and several liability

Community order requirements

Payment in lieu of notice (PILON)

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