On 27 June 2023, the UK signed a long-awaited Memorandum of Understanding ("MoU") with the European Union ("EU") to increase co-operation on financial services.
The MoU has been a long time coming: regulatory cooperation...more
28 June 2021 is the deadline for UK Financial Holding Companies ("FHC") and Mixed Financial Holding Companies ("MFHC") to submit their application for approval or exemption under the UK's implementation of the Capital...more
On 5 December 2019 the Bank of England (Bank), UK Prudential Regulation Authority (PRA) and UK Financial Conduct Authority (FCA) published coordinated consultation papers and policy on new requirements to strengthen...more
3/12/2020
/ Bank of England ,
Board of Directors ,
Business Continuity Plans ,
CEOs ,
Cloud Computing ,
Consultation Papers ,
Contingency Plans ,
Coronavirus/COVID-19 ,
EU ,
European Banking Authority (EBA) ,
European Central Bank ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Market Participants ,
Outsourcing ,
Prudential Regulation Authority (PRA) ,
Risk Management ,
Security Risk Assessments ,
SMCR ,
Third-Party Service Provider ,
UK ,
UK Brexit
On 31 July 2019 the UK Financial Conduct Authority (FCA) published final Guidance on the cryptoasset activities within its regulatory perimeter, in response to feedback on its January 2019 consultation paper and as trailed in...more
8/10/2019
/ Cryptocurrency ,
E-Money ,
E-money tokens ,
Exchange Tokens ,
Final Guidance ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Financial Services Industry ,
HM Treasury ,
International Harmonization ,
Money Transfer ,
Payment Services Directive ,
Public Consultations ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
SMCR ,
Tech Neutrality ,
UK ,
UK Brexit ,
UK Regulated Activities Order (RAO Amendments) ,
Utility Tokens
On 1 August 2019, the UK FCA published an article titled "Artificial Intelligence (AI) in the Boardroom" in its Insight series of opinion and analysis. Its author, Magnus Falk, a senior technology adviser at the FCA who used...more
8/6/2019
/ Artificial Intelligence ,
Board of Directors ,
Corporate Counsel ,
Corporate Governance ,
Ethical Standards ,
European Commission ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Legal Ethics ,
Popular ,
Senior Managers ,
Supervisors ,
UK
On 3 July 2019, the UK's Financial Conduct Authority published a consultation paper in which it proposed to prohibit the sale to all retail clients of derivatives and Exchange Traded Notes (ETNs) that reference certain types...more
7/11/2019
/ Annual Reports ,
CATF Report ,
CFD Trading ,
Cryptoassets ,
Cryptocurrency ,
Derivatives ,
ETFs ,
Federal Bans ,
Financial Conduct Authority (FCA) ,
FSMA ,
Investor Protection ,
Public Consultations ,
Retail Investors ,
UK
Partners Julia Smithers Excell and Stuart Willey, and associate Laura Kitchen of global law firm White & Case take a deep dive on the latest publications from EU and UK regulators aimed at providing supervisory clarity on the...more
4/1/2019
/ Anti-Money Laundering ,
Bank of England ,
Basel Committee on Banking Supervision (BCBS) ,
Bearer Shares ,
Collective Investment Schemes ,
Consumer Protection Laws ,
Cross-Border Transactions ,
Cryptoassets ,
CSDR ,
Debt Instruments ,
Distributed Ledger Technology (DLT) ,
Electronic Payment Transactions ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
European Banking Authority (EBA) ,
European Commission ,
European Economic Area (EEA) ,
European Securities and Markets Authority (ESMA) ,
Exchange Tokens ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Instruments ,
FinTech ,
HM Treasury ,
Information Reports ,
Initial Coin Offering (ICOs) ,
Member State ,
MiFID II ,
Popular ,
Prospectus ,
PSD2 ,
Securities ,
Securities Tokens ,
Transparency ,
UK ,
UK Regulated Activities Order (RAO Amendments) ,
Utility Tokens
The UK FCA launched on 23 January 2019 its highly anticipated consultation1 (CP19/3) on Guidance for market participants as to where certain cryptoassets sit in relation to the regulatory perimeter - and whether relevant...more
1/28/2019
/ Bitcoin ,
Collective Investment Schemes ,
Consumer Protection Laws ,
Cryptocurrency ,
Debt Instruments ,
Ether ,
Exchange-Traded Products ,
Financial Conduct Authority (FCA) ,
Initial Coin Offering (ICOs) ,
Market Abuse ,
Market Participants ,
MiFID II ,
Money Laundering ,
New Guidance ,
Prospectus ,
Securities ,
Securities Tokens ,
SMCR ,
Token Sales ,
Transparency ,
UK ,
UK Regulated Activities Order (RAO Amendments) ,
Utility Tokens