UK regulators—financial services

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Sec brought 75 crypto-related actions in 7.5 years

The following Banking & Finance news provides comprehensive and up to date legal information on Sec brought 75 crypto-related actions in 7.5 years

EU green bond, consumer credit, money laundering plans to be published in summer 2021

The following Banking & Finance news provides comprehensive and up to date legal information on EU green bond, consumer credit, money laundering plans to be published in summer 2021

Financial and trade sanctions—tracking UK-EU divergence

The following Banking & Finance news provides comprehensive and up to date legal information on Financial and trade sanctions—tracking UK-EU divergence

1MDB sues Deutsche Bank and others for $US 23bn over scandal

The following Dispute Resolution news provides comprehensive and up to date legal information on 1MDB sues Deutsche Bank and others for $US 23bn over scandal

Featured Financial Services content

What is credit and what is a regulated consumer credit agreement?

Scope of this Practice NoteThere are several factors to consider when deciding whether or not a credit agreement is regulated under the regulatory...

Impact of Brexit: Solvency II—quick guide

This Solvency II quick guide details current UK legislation and retained EU legislation in relation to prudential insurance requirements that will be...

MiFID I—Transaction reporting

This Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in Financial Instruments Directive...

The impact of Brexit on the MiFID II regime

This Practice Note provides information relating to the impact of Brexit on the recast Markets in Financial Instruments Directive (Directive...

Practice notes

Second Wire Transfer Regulation (WTR2)—essentials

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

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

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

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

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

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

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—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

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

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

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

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

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

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...

Produced in partnership with Ms Elizabeth Budd of Pinsent Masons 12th Jan

Practice notes

The Single Rulebook

Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...

Produced in partnership with DLA Piper 12th Jan

Practice notes

The Money Laundering Reporting Officer (MLRO)—duties

The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive...

9th Nov

In-house

Most recent UK regulators—financial services content

Practice notes

The FCA’s competition law powers

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

29th Apr

Practice notes

FCA supervisory approach

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

29th Apr

Practice notes

Payment Systems Regulator—supervisory approach

The Payment Systems Regulator (PSR) consulted on its approach to supervising payment systems in a consultation paper (PSR CP14/1) in November 2014....

Produced in partnership with Sidley Austin 28th Apr

Practice notes

PRA consultation paper tracker

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

27th Apr

Practice notes

PRA enforcement essentials—suspensions, restrictions and financial penalties

Lexis®PSL Financial Services FCA/PRA Enforcement Database: This incorporates detailed information on all substantive FCA and PRA Final Notices and,...

26th Apr

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...

26th Apr

Practice notes

UK sector regulation and the concurrency regime

A number of industry sectors in the UK have their own sector regulator—some of these sector regulators (but not all) also have concurrent competition...

31st Mar

Practice notes

Consumer protection—FCA and other regulatory requirements

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

26th Mar

Practice notes

Requirements for listing on the Official List of the Financial Conduct Authority

This Practice Notice focuses on the two segments of the UK listing regime (standard and premium). It details the general listing requirements (for...

15th Mar

Practice notes

Prudential Regulation Authority—Fundamental Rules

Background to the Fundamental RulesPrior to the creation of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in...

9th Mar

Practice notes

Reports by skilled persons

Lexis®PSL Financial Services FCA/PRA Enforcement Database: This incorporates detailed information on all substantive FCA and PRA Final Notices and,...

Produced in partnership with Sophie Walden of Linklaters 4th Mar

Practice notes

UK financial services regulatory framework—timeline

This timeline tracks the most notable developments within the UK financial services regulatory framework from 2010 to the current date.On 1 April...

1st Mar

Practice notes

Payment Systems Regulator—duties and powers

General dutiesThe Payment Systems Regulator (PSR) has a number of statutory duties and powers under the Financial Services (Banking Reform) Act 2013...

Produced in partnership with Sidley Austin LLP 1st Mar

Practice notes

FCA individual guidance

Who can issue individual guidance?The FCA has a power to issue individual guidance. The PRA was not given equivalent statutory powers in Part 9A of...

1st Mar

Practice notes

Prudential Regulation Authority—Proactive Intervention Framework

BackgroundAs the prudential regulator for insurers, banks and also certain investment firms that could present significant risks to the stability of...

1st Mar

Practice notes

Financial Policy Committee—essentials

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

1st Mar

Practice notes

The Bank of England

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

1st Mar

Practice notes

Macroprudential tools available to the Financial Policy Committee

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

1st Mar

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...

1st Mar

Practice notes

Financial Conduct Authority—functions

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...

1st Mar

UK regulators—financial services

View Financial Services by content type:

Latest Financial Services News

Sec brought 75 crypto-related actions in 7.5 years

EU green bond, consumer credit, money laundering plans to be published in summer 2021

Financial and trade sanctions—tracking UK-EU divergence

1MDB sues Deutsche Bank and others for $US 23bn over scandal

Featured Financial Services content

What is credit and what is a regulated consumer credit agreement?

Impact of Brexit: Solvency II—quick guide

MiFID I—Transaction reporting

The impact of Brexit on the MiFID II regime

Most recent UK regulators—financial services content

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