Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
...more
12/5/2023
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Artificial Intelligence ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Requirements Regulation (CRR) ,
Cryptoassets ,
EMIR ,
Environmental Social & Governance (ESG) ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Greenwashing ,
Infrastructure ,
Investment Firms ,
MiFID ,
MiFID II ,
Over The Counter Derivatives (OTC) ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Regulatory Agenda ,
Short Selling ,
Tokenization ,
UCITS ,
UK
On 27 November 2023, the United Kingdom’s Financial Conduct Authority (“FCA”) published its final report (the “Report”) on its multi-firm review into firms’ progress in implementing the internal capital adequacy and risk...more
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more
9/7/2023
/ AML/CFT ,
Capital Requirements Regulation (CRR) ,
Commission Delegated Regulation ,
Committee on Payments and Market Infrastructure (CPMI) ,
Cryptoassets ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Central Bank ,
False Claims Act (FCA) ,
FSMA ,
Investment Adviser ,
Investment Firms ,
IOSCO ,
Money Market Funds ,
New Regulations ,
Proposed Rules ,
Regulation Technical Standards (RTS) ,
UK
31 July -
ESG: The European Commission adopted a Commission Delegated Regulation, setting out the first set of European Sustainability Reporting Standards (“ESRS”), together with a Q&A (see press release). The ESRS specify...more
8/10/2023
/ Artificial Intelligence ,
Capital Requirements ,
Cryptoassets ,
EMIR ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
FSMA ,
Investment Firms ,
Libor ,
Liquidity ,
Marketing ,
MiFID II ,
Money Market Funds ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Prudential Regulation Authority (PRA) ,
Risk Management ,
UK
MiFIR / MiFID II: The European Parliament published a press release announcing it has reached provisional political agreement with the Council of the EU on the proposed amendments to the Markets in Financial Instruments...more
7/5/2023
/ AML/CFT ,
Capital Requirements Regulation (CRR) ,
Cryptoassets ,
CSDR ,
EMIR ,
Environmental Social & Governance (ESG) ,
EU ,
European Parliament ,
European Securities and Markets Authority (ESMA) ,
Exit Planning ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Handbooks ,
Investment Firms ,
Memorandum of Understanding ,
MiFID II ,
MiFIR ,
Prudential Regulation Authority (PRA) ,
Rulemaking Process ,
Serious Fraud Office (SFO) ,
SFTR ,
Transparency ,
UCITS ,
UK
On 10 March 2021,the Sustainable Finance Disclosure Regulation ((EU) 2019/2088) ("SFDR") came into force. This imposes environmental, social and corporate governance (“ESG”) and reporting requirements on a wide range of...more
12/23/2022
/ AIFM ,
Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Fund Managers ,
Investment Firms ,
Reporting Requirements ,
SFDR ,
Sustainability ,
Taxonomy
Following the turn of the new year, our UK Regulatory specialists have examined the key regulatory developments in 2022 impacting a range of UK and European firms within the financial services sector. The key dates have been...more
1/20/2022
/ Alternative Investment Fund Managers Directive (AIFMD) ,
ELTIF ,
Environmental Social & Governance (ESG) ,
EU ,
EuSEF ,
EuVECA ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Investment Firms ,
MiFID II ,
Money Laundering ,
Prudential Standards ,
Regulatory Agenda ,
SFDR ,
Sustainable Finance
On 26 November 2021, the UK Financial Conduct Authority (“FCA”) published its third policy statement (PS21/17) setting out its final rules to introduce its Investment Firms Prudential Regime (“IFPR”). ...more
On 22 October 2021, the UK Financial Conduct Authority (“FCA”) published the final rules of its Investment Firms Prudential Regime (“IFPR”), which will come into force on 1 January 2022. The final rules are contained in legal...more
What is the IFPR?
The new UK Investment Firms Prudential Regime (“IFPR”) will come into force on 1 January 2022 and will apply to UK investment firms authorised under the Markets in Financial Instruments Directive (“MiFID”)...more
10/1/2021
/ Capital Requirements ,
Financial Services Industry ,
Investment ,
Investment Firms ,
MiFID ,
Policy Statement ,
Regulatory Agenda ,
Regulatory Requirements ,
Remuneration ,
Risk Management ,
Rulemaking Process ,
UK
The Basel Committee on Banking Supervision (“BCBS”) published a report jointly with the World Bank setting out the findings from a global survey on proportionality in banking regulation and supervision....more
8/3/2021
/ Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Benchmarks ,
Capital Requirements Regulation (CRR) ,
CRD IV Directive ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Investment Firms ,
MiFID II ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Requirements ,
SFDR ,
Supervisory Highlights ,
UCITS ,
UK
On 26 July 2021, the UK Financial Conduct Authority (“FCA”) published its second policy statement (PS21/9) (“PS2”) in relation to the UK Investment Firms Prudential Regime (“IFPR”). PS2 is the second of a series of policy...more
Investment firms in the United Kingdom (“UK”) that are authorised to carry on investment services or activities under the Markets in Financial Instruments Directive (“MiFID”) (EU/2014/65) (including alternative investment...more
On 29 June 2021, the Financial Conduct Authority (“FCA”) published its first policy statement (“PS”) on the implementation of the Investment Firms Prudential Regime (“IFPR”) (PS 21/6). The IFPR is a new UK prudential regime...more
On 19 April 2021, the Financial Conduct Authority (“FCA”) published the second out of three consultation papers on the implementation of the Investment Firms Prudential Regime (“IFPR”) (CP21/7). The IFPR is a new UK...more
On 14 December 2020, the Financial Conduct Authority (“FCA”) published the first out of three consultation papers on the implementation of the Investment Firms Prudential Regime (“IFPR”) (CP20/24) in relation to a new UK...more
On 16 November 2020, the United Kingdom Financial Conduct Authority (“FCA”) published a statement in conjunction with HM Treasury, Prudential Regulation Authority (“PRA”) providing an update on timelines for introducing the...more
On 23 June 2020, the UK Financial Conduct Authority (“FCA”) published a discussion paper (“DP 20/2”) in relation to a new UK prudential regime for investment firms authorised under the Markets in Financial Instruments...more
2 December -
The Financial Conduct Authority ("FCA") updated the following webpages:
- webpage on its July 2018 discussion paper on price discrimination in the cash savings market (PD18/6); and
- webpage on its...more
1/8/2020
/ AML/CFT ,
Consultation Papers ,
Credit Rating Agencies ,
EMIR ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Financial Stability Board ,
Investment Firms ,
MiFID II