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Practice notes
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
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19th May
Practice notes
Exempt consumer credit agreements under the FSMA 2000 (Regulated Activities) Order 2001This Practice Note seeks to explain the types of agreements...
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Produced in partnership with Rebecca Kellner of Orrick, Herrington & Sutcliffe and Jacqui Hatfield of Orrick, Herrington & Sutcliffe 19th May
Practice notes
Interaction between the PRA, FCA and FPCBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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19th May
Practice notes
Second Wire Transfer Regulation (EU WTR2 and UK WTR2)—essentialsThe Second Wire Transfer Regulation (EU) 2015/847 (WTR2), also known as the Funds...
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19th May
Practice notes
Overview of UK implementation of the Consumer Credit DirectiveBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the...
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Produced in partnership with Sam Millar of DLA Piper and Tony Katz of DLA Piper 19th May
Practice notes
FCA client money rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
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19th May
Practice notes
What are regulated activities?Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated...
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19th May
Practice notes
FCA client classification requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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19th May
Practice notes
SM&CR—Statements of Responsibility (SoRs)Banks, building societies, credit unions, PRA-regulated investment firms and insurers are required to file a...
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19th May
Practice notes
EMIR REFIT and EMIR 2.2 roadmapRegulation (EU) 2019/834 (OJ L 141/42) (EU EMIR REFIT) was published in the Official Journal of the EU on 28 May 2019...
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19th May
Practice notes
The European Systemic Risk BoardBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
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19th May
Practice notes
The Financial Services Compensation SchemeBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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Produced in partnership with Honor Levy of LexisNexis 19th May
Practice notes
Financial Services Compensation Scheme (FSCS)—the qualifying conditions for compensationThis Practice Note covers the conditions necessary for the...
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Produced in partnership with Honor Levy of LexisNexis 19th May
Practice notes
The Single RulebookBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered...
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Produced in partnership with DLA Piper 19th May
Practice notes
Unregulated collective investment schemes—essentialsWhat are unregulated collective investment schemes?In the UK, an unregulated collective investment...
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Produced in partnership with Lora Froud of Macfarlanes 19th May
Practice notes
Responsible lending requirements—CONC 5BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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Produced in partnership with Jacqui Hatfield of Orrick, Herrington & Sutcliffe 19th May

Most recent Q&As content

Q&As
Do you have any content on exemptions to the consumer credit regime—loans to family?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’)...
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8th Sep
Q&As
What do I need to consider in promoting insurance products online?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the...
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8th Sep
Q&As
What guidance do you have on making an application to the FCA to become an authorised consumer credit firm? In particular in relation to compliance...
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8th Sep
Q&As
Do fuel cards fall within scope of the payment services regulations or payment services directives?A fuel card could be viewed as a ‘payment...
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8th Sep
Q&As
What kind of regulatory framework exists for automated bots, or ‘robo-advisers’, offering financial advice? Does a person have a claim in the tort of...
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7th Sep
Q&As
What is the impact of Brexit on international transfers of personal data?This Q&A looks at the impact of Brexit on cross-border transfers of personal...
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26th Aug
Q&As
Under what provisions and on what basis can the Financial Conduct Authority prosecute offences under the Fraud Act 2006?The Financial Conduct...
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Produced in partnership with Jamas Hodivala of Matrix Chambers 24th Aug
Q&As
Does innocent misrepresentation regarding the number of previous registered keepers of a vehicle give a consumer the right to reject the vehicle which...
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24th Aug
Q&As
I have a client who wishes to lend money to someone and take security of that person’s property. Could you point me to the consumer credit and...
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20th Aug
Q&As
If a company is set up to buy and sell virtual currencies, what anti-money laundering checks and know your customer checks should it carry out on its...
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20th Aug
Q&As
Company A and Company B are co-investors into ProjectCo. Is Company A required/entitled to carry out KYC checks on ProjectCo's directors nominated by...
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20th Aug
Q&As
What is the EU Directive on criminalising money laundering?Directive on criminalising money launderingOn 12 November 2018, the Directive (EU)...
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20th Aug
Q&As
What steps should I take to establish the source of funds and/or wealth in relation to conducting client due diligence or ongoing monitoring when a...
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20th Aug

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