Discover essential insights into key UK, EU, and international regulatory bodies shaping the financial sector. Stay compliant by understanding legislative changes, cross-border implications, and strategic directives. Our practical guidance helps you navigate complex frameworks, keep up with regulatory updates, and align your practice with current mandates and international standards. Enhance your expertise with comprehensive information on best practices across jurisdictions, ensuring your global operations remain informed and compliant.
The following Financial Services news provides comprehensive and up to date legal information on FCA flags poor risk management practices at payment firms
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...
Interaction between the PRA, FCA and FPCThis Practice Note explains the interaction and co-ordination between the Financial Conduct Authority (FCA), the Payment Systems Regulator (PSR), the Prudential Regulation Authority (PRA) and the Financial Policy Committee (FPC). It also gives an overview of
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
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
0330 161 1234