Understanding the intricate landscape of financial regulation is crucial for compliance and risk management. Our expert guidance provides clear, concise advice on the intricacies of regulated activities within the financial sector. Stay ahead with up-to-date insights and practical solutions tailored for legal professionals navigating the ever-evolving regulatory environment.
A round-up of financial services developments....
This week's edition of Financial Services weekly highlights includes: Motor finance complaints: FCA provides information for firms with one or more...
A round-up of financial services developments, including (among other things) Treasury Committee publishes responses to its AI in financial services...
The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2026/9491628 under regulation 20 of the Global Human Rights...
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
The Competition and Markets Authority (CMA) has identified several breaches by Monzo Bank Limited (Monzo) of the Retail Banking Market Investigation...
Insurance conduct regulation—COBS and ICOBSThe Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of...
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
The general prohibition and implications of its breachThe general prohibitionUnder section 19 of the Financial Services and Markets Act 2000 (FSMA 2000), a person cannot carry out regulated activities in the UK, or purport to do so, unless that person is authorised or exempt. This is known as 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
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
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
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