1 March -
The Financial Conduct Authority ("FCA") published general insurance value measures data in relation to 36 insurers (including both UK and EEA firms) for the year ending 31 August 2017. The data is aimed at...more
4/5/2018
/ Capital Markets ,
European Commission ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Free Trade Agreements ,
Insurance Industry ,
ISDA ,
Libor ,
Mergers ,
MiFID II ,
Payment Services Directive ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA)
1 February -
The European Commission ("EC") launched the EU Blockchain Observatory and Forum in order to highlight key developments of blockchain technology, promote and reinforce European engagement with multiple...more
3/9/2018
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Blockchain ,
Collective Investment Schemes ,
Cryptocurrency ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
EuSEF ,
EuVECA ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Gambling ,
General Data Protection Regulation (GDPR) ,
IOSCO ,
MiFID II ,
UK Brexit ,
UK Competition and Markets Authority (CMA)
1 January -
The Packaged Retail and Insurance-based Investment Products ("PRIIPs") Regulation (1286/2014) (the "PRIIPs Regulation") came into force on 1 January 2018. This includes an obligation on PRIIP manufacturers to...more
2/1/2018
/ Anti-Money Laundering ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Insurance Industry ,
MiFID II ,
MLD4 ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
UK ,
UK Brexit ,
UK Payment Systems Regulator ,
Withdrawal
1 December -
The Financial Conduct Authority (FCA) published its 19th quarterly consultation paper (CP17/39). The proposed changes to the FCA Rules include changes to the FCA's Decision Procedure and Penalties manual,...more
1/5/2018
/ Alternative Investment Fund Managers Directive (AIFMD) ,
E-Signatures ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Insurance Industry ,
Key Information Document (KIDs) ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
UCITS ,
UK ,
UK Competition and Markets Authority (CMA)
3 November -
The Financial Conduct Authority (FCA) published an alert setting out key considerations for principals who have appointed representatives or introducer appointed representatives. Among other things, the alert...more
12/6/2017
/ Best Practices ,
Broker-Dealer ,
Competition ,
Due Diligence ,
EU ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
EuVECA ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Information Commissioner's Office (ICO) ,
Investment Adviser ,
Key Information Document (KIDs) ,
Legal Entity Identifiers ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
UK ,
UK Competition and Markets Authority (CMA)
3 October - The Prudential Regulator Authority (PRA) published a policy statement on strengthening accountability in banking and changes to senior managers regime (SMR) forms. The changes to the SMR forms will become live on...more
11/6/2017
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Broker-Dealer ,
European Council ,
European Securities and Markets Authority (ESMA) ,
EuSEF ,
EuVECA ,
Financial Conduct Authority (FCA) ,
IFRS ,
Legal Entity Identifiers ,
Mergers ,
MiFID II ,
MiFIR ,
Payment Services Directive ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
PSD2 ,
Senior Management Regime (SMR) ,
Treaty on the Functioning of the European Union (TFEU) ,
UK ,
UK Competition and Markets Authority (CMA) ,
UK Competition Appeal Tribunal (CAT)
1 September -
The Prudential Regulation Authority (PRA) updated its April 2017 public disclosure with Template A (Disclosure of Aggregate Statistical Data with regard to Insurance and Reinsurance Undertakings) and Template...more
10/11/2017
/ EU ,
European Securities and Markets Authority (ESMA) ,
EuSEF ,
EuVECA ,
Financial Conduct Authority (FCA) ,
Financial Solvency ,
Initial Coin Offering (ICOs) ,
Key Information Document (KIDs) ,
Legal Entity Identifiers ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Payment Services Directive ,
Policy Statement ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
PSD2 ,
Public Disclosure ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA)
2 August - The UK Competition and Markets Authority announced a consultation on proposed revisions to its published guidance on penalty setting in Competition Act 1998 cases....more
9/8/2017
/ Alternative Investment Fund Managers Directive (AIFMD) ,
EU ,
European Commission ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Guidance Update ,
Memorandum of Understanding ,
MiFID II ,
MiFIR ,
Ministry of Justice ,
National Private Placement Regimes (NPPR) ,
Payment Protection Insurance ,
Penalties ,
UK ,
UK Competition and Markets Authority (CMA)
2 June -
The ESMA published its final report on guidelines on product governance requirements under the MiFID II Directive (2004/65/EU). The guidelines (set out in Annex IV) to the final report aim to promote greater...more
7/4/2017
/ Amended Legislation ,
Asset Management ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Instruments ,
Financial Regulatory Reform ,
Foreign Investment ,
MiFID II ,
MiFIR ,
Money Laundering ,
PSC Amendment Regulations ,
Repeal ,
Terrorist Financing Regulations ,
UK ,
UK Brexit
Key developments in April 2017: 3 April -
The FCA published its Consultation Paper on persistent debt and earlier intervention remedies, “Reforming the availability of information in the UK equity IPO process”...more
5/1/2017
/ AIF ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Distributed Ledger Technology (DLT) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Key Information Document (KIDs) ,
MiFID II ,
MiFIR ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Payment Services Directive ,
Private Fund Limited Partnerships (PFLPs) ,
Prudential Regulation Authority (PRA) ,
RTS ,
UK ,
UK Brexit ,
Whistleblowers
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK regulation for alternative asset managers.
The start of 2017 saw a number of regulatory developments including...more
2/2/2017
/ AIFM ,
AIFs ,
Alternative Investment Funds ,
Asset Management ,
Blockchain ,
Code of Conduct ,
Consumer Credit Protection ,
Deferred Prosecution Agreements ,
Enforcement Actions ,
European Banking Authority (EBA) ,
Financial Conduct Authority (FCA) ,
Guarantors ,
Loans ,
Market Abuse ,
MiFID II ,
Prudential Regulation Authority (PRA) ,
Rolls-Royce ,
Serious Fraud Office (SFO) ,
UK ,
UK Regulatory Reforms