General matters relating to insurance regulation

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Credit Suisse to pay out another $US 1.7bn in Greensill funds

The following Financial Services news provides comprehensive and up to date legal information on Credit Suisse to pay out another $US 1.7bn in Greensill funds

UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

The following Banking & Finance news provides comprehensive and up to date legal information on UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

Halkbank tells 2nd Circuit it's immune from sanctions prosecution

The following Corporate Crime news provides comprehensive and up to date legal information on Halkbank tells 2nd Circuit it's immune from sanctions prosecution

Featured Financial Services content

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...

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...

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

Public censure by the FCA

Disciplinary powers of the FCAThe disciplinary powers of the Financial Conduct Authority (FCA) are found in Part XIV of the Financial Services and...

9th Nov

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

Accepting deposits

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark...

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

Consumer protection—FCA and other regulatory requirements

This Practice Note looks at key aspects of consumer protection within the UK financial services regulatory system. The UK’s regulatory structure,...

9th Nov

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

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

European Venture Capital Funds (EuVECA) Regulation

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

Entering into a consumer hire agreement as owner

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...

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

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

Most recent General matters relating to insurance regulation content

Practice notes

Insurance Act 2015 (IA 2015)—essentials

Introduction to the Insurance Act 2015The Insurance Act 2015 (IA 2015) received Royal Assent on 12 February 2015 and, apart from Part 6 of the Act,...

Produced in partnership with Oliver Saunders of Bryan Cave Leighton Paisner LLP 13th Apr

Practice notes

Dealing in investments

Dealing as principal or as agentAuthorised persons can obtain permission to deal in investments as principal, or as agent for another. Dealing in...

13th Apr

Practice notes

A guide to the Consumer Insurance (Disclosure and Representations) Act 2012

Insurance contracts have always had an aura of mystery about them in the eyes of law students and lawyers. This is because they are contracts of the...

Produced in partnership with Alexander Rosenfield of Fenchurch Law and John Curran of Fenchurch Law 12th Apr

Practice notes

Coronavirus (COVID-19)—FCA non-damage business interruption insurance test case

Unlike conventional perils such as fire or flood, an outbreak of a virus cannot so easily be located at a particular place and time. The 2020...

Produced in partnership with James Beeton of 12 King's Bench Walk and Cressida Mawdesley-Thomas of 12 King's Bench Walk 9th Apr

COVID-19

Practice notes

Insolvency of insurers

Applicable legislationInsolvency laws generally make special provisions for insurance companies, because of the regulated status of the industry and...

Produced in partnership with Geraldine Quirk of Bryan Cave Leighton Paisner 9th Apr

Practice notes

Insurance and reinsurance—Sweden—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Sweden published as part of the Lexology Getting the...

9th Apr

Practice notes

Insurance and reinsurance—Luxembourg—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Luxembourg published as part of the Lexology Getting the...

9th Apr

Practice notes

Insurance and reinsurance—Austria—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Austria published as part of the Lexology Getting the...

9th Apr

Practice notes

Insurance & Reinsurance—EU permissions regimes

This Practice Note considers the permissions regimes for UK (re)insurers and (re)insurance intermediaries in certain EU jurisdictions, including...

Produced in partnership with Francis Walters of HFW and HFW 9th Apr

Practice notes

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...

9th Apr

In-house

Practice notes

The registration and regulation of friendly societies

What is a friendly society?There has been a system of registration, and with it regulation, of friendly societies since the enactment of the first...

Produced in partnership with John Gilbert of Hogan Lovells International LLP 9th Apr

Practice notes

Insurance and reinsurance—Italy—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Italy published as part of the Lexology Getting the Deal...

9th Apr

Practice notes

Insurance and reinsurance—Spain—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Spain published as part of the Lexology Getting the Deal...

9th Apr

Practice notes

Insurance and reinsurance—Germany—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in Germany published as part of the Lexology Getting the...

9th Apr

Practice notes

International Association of Insurance Supervisors—essentials

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

Produced in partnership with RPC 9th Apr

Practice notes

Insurance and reinsurance—United Kingdom—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in United Kingdom published as part of the Lexology Getting...

9th Apr

Practice notes

Insurance and reinsurance—European Union—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to insurance and reinsurance in European Union published as part of the Lexology Getting...

9th Apr

Practice notes

Control of insurance companies

Regulatory background to insuranceThe Financial Services and Markets Act 2000 (FSMA 2000) established a regulatory regime for the financial sector,...

Produced in partnership with Alice Carse and Anna Greenkey of Devereux Chambers 9th Apr

Practice notes