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.
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...
HM Treasury has published the Office of Financial Sanctions Implementation (OFSI) strategy for 2026–29, setting OFSI’s core objective to ensure...
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
Exclusions and exemptions relating to the general prohibition—an introductionThis Practice Note provides an introduction to the exemptions and exclusions that apply in relation to the general prohibition contained in section 19 of the Financial Services and Markets Act 2000 (FSMA 2000, s19). These
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
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
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