Financial Services Authority, Financial Conduct Authority (FCA)

UK Sustainability Disclosure Requirements – A Recap

Morrison & Foerster LLP on 9/29/2023

The UK’s financial services regulator, the Financial Conduct Authority (FCA), has delayed the release of its policy statement setting out the final rules of the Sustainability Disclosure Requirements (SDRs), leaving asset...more

The Brexit Freedoms Bill and the MiFID Override for Financial Services Regulation

A&O Shearman on 10/25/2022

U.K. financial regulation includes a small and unusual provision, the so-called “MiFID override,” which prioritises the EU’s MiFID II regime over the U.K.’s own regulatory framework when determining questions of what is...more

Funds and asset management regulatory news, April 2021 # 2

Hogan Lovells on 4/26/2021

FCA approach to handling of Connaught complaints about FSA/FCA -Following the report of Raj Parker's "Independent Review into the FSA and FCA's handling of the Connaught Income Fund Series 2 and connected companies", the...more

Global Regulatory Update for Cryptocurrency and Initial Coin Offerings

Holland & Knight LLP on 5/8/2018

• The rapid proliferation of technological advancements in global financial markets has caused regulators in several countries to increase their scrutiny of investments in, and implications of, cryptocurrencies. • This...more

UK Legislation Implements Financial Services and Markets Act 2000 Updates to Secondary Legislation

A&O Shearman on 10/31/2016

The Financial Services (Banking Reform) Act 2013 (Consequential Amendments) (No. 2) Order 2016 was made...more

Latest Keydata enforcement action sets out valuable lessons for compliance officers

A&O Shearman on 7/1/2016

In this decision report we consider the FCA's final notice issued to Peter Francis Johnson on 19 May 2016. ?Mr Johnson was formerly the compliance officer and money laundering reporting officer (MLRO) for Keydata...more

Serious Fraud Office Closes Forex Investigation

K&L Gates LLP on 5/3/2016

The Serious Fraud Office (SFO) recently announced that it had closed its criminal investigation into allegations of fraudulent conduct in the foreign exchange (FX) market. The SFO began its investigation in July 2014...more

FCA Chief announces Project Innovate: Helping Firms Meet the Technological and Regulatory Challenge

Pillsbury - Global Sourcing Practice on 6/19/2014

The head of the UK's Financial Conduct Authority, Chief Executive Martin Wheatley, used a speech at Bloomberg, London given on 3 June 2014 to promote the FCA's Project Innovate (the drafted text of Martin Wheatley's speech...more

Financial Services Quarterly Report - Second Quarter 2013: UK: New Regulators; New Powers

Dechert LLP on 6/28/2013

The UK Financial Services Authority (“FSA”) was abolished on 1 April 2013 and replaced by three new regulators. The Financial Services Act 2012 introduced the Financial Conduct Authority (“FCA”), the Prudential Regulatory...more

Structured Thoughts -- Volume 4, Issue 9 -- June 17, 2013

Morrison & Foerster LLP - Structured Products on 6/18/2013

In This Issue: UK’s FCA Restricts Marketing of Unregulated Collective Investment Schemes and Similar Products to Retail Investors; Electronic Structured Note Systems and U.S. Securities Regulation; and Reminders from...more

Has the FCA started as it means to go on?

Dechert LLP on 5/18/2013

Has the Financial Conduct Authority (“FCA”) in the UK started as it means to go on? The FCA recently fined a UK subsidiary of a private Swiss Bank for failing to establish and maintain effective anti-money laundering controls...more

FCA Urges Firms to Update Status Disclosures to Reflect Creation of the FCA and PRA

Orrick - Finance 20/20 on 5/9/2013

On May 1, the FCA published a press release stating that it expects firms to review their regulatory status disclosures as a priority and ensure that they are up to date and accurate following the creation of the FCA and PRA...more

Corporate Aspects of the UK Financial Services Act 2012

Morgan Lewis on 4/12/2013

Long-heralded reform of the UK financial services regulation architecture impacts the listed company regime. On 1 April, a new financial regulation architecture became operative in the UK through the Financial...more

UK Financial Services Regulatory Handover

Orrick - Finance 20/20 on 4/10/2013

On April 1, the long-awaited handover of power from the FSA to the “twin-peaks system,” consisting of the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), took place. The PRA, a branch of the Bank...more

New UK Financial Regulation Architecture Takes Effect

Morgan Lewis on 4/8/2013

The Financial Conduct Authority and the Prudential Regulation Authority begin work as the two new regulators in the wake of the long-heralded abolition of the Financial Services Authority....more

European Securities and Markets Authority Guidelines on Sound Remuneration Policies under the AIFMD

Dechert LLP on 4/4/2013

More than seven months after publishing its consultation paper, the European Securities and Markets Authority (ESMA) recently published final guidelines (Guidelines) on sound remuneration policies under the Alternative...more

UK Regulators Propose Implementing Rules and Regulations on AIFMD

Proskauer Rose LLP on 3/29/2013

On 19 March 2013, the UK Financial Services Authority (FSA) published Part II (CP2) of its three-part consultation series on Implementation of the Alternative Investment Fund Managers Directive (AIFMD). The consultation...more

Orrick's Financial Industry Week in Review - March 25, 2013

Orrick, Herrington & Sutcliffe LLP on 3/25/2013

In This Issue: *Financial Industry Developments - Agencies Issue Updated Leveraged Lending Guidance - CFTC No-Action Relief from Required Clearing for Some Partial Swap Novations and Terminations - FHFA...more

UK Financial Services Authority Releases Draft Handbooks for New Regulators

Morgan Lewis on 3/12/2013

Handbooks for Financial Conduct Authority and Prudential Regulation Authority will replace FSA Handbook on 1 April. On 8 March, the UK Financial Services Authority (FSA) published draft handbooksfor the two new...more

FSA Updates Guide to the New PRA and FCA Handbooks

Katten Muchin Rosenman LLP on 2/27/2013

On February 19, the UK Financial Services Authority (FSA) published an updated “one-minute guide” summarizing the changes to the FSA Handbook that will come into effect when the FSA’s two successor regulatory bodies, the...more

Preparing for UK Regulatory Change: An Overview of the New Framework

Katten Muchin Rosenman LLP on 12/20/2012

In the aftermath of the 2008 financial crisis, all of the major political parties in the UK proposed significant change to the system of financial regulation. On election in 2010, the coalition government set out its belief...more

FSA Consults on Operation of FCA and Sets Out PRA's Approach

Katten Muchin Rosenman LLP on 10/25/2012

On October 16, the UK Financial Services Authority (FSA) published a consultation paper entitled Journey to the FCA, regarding how its successor regulator the Financial Conduct Authority (FCA) will operate....more

FSA Consultation on the PRA and FCA Regimes for Approved Persons

Orrick - Finance 20/20 on 10/11/2012

On October 3, the FSA published consultation paper 12/26 ‘Regulatory reform: the PRA and FCA regimes for Approved Persons’ (CP12/26). As part of the reform of the supervisory structure of financial services in the UK, the...more

FSA Warns Firms About Financial Promotions

Katten Muchin Rosenman LLP on 10/4/2012

On September 21, the UK Financial Services Authority (FSA) released a speech entitled “Financial Promotions: Keeping Connected and Compliant” delivered by Clive Gordon, FSA’s Head of Conduct Risk. The speech highlighted...more

FSA Consults on Rules Changes Linked to Handover to PRA and FCA

Katten Muchin Rosenman LLP on 9/20/2012

On September 12, the UK Financial Services Authority (FSA) published a consultation paper (CP12/24- Regulatory Reform) regarding changes to the existing FSA Handbook on aspects of the regulatory regime which will apply after...more

Financial Services Authority › Financial Conduct Authority (FCA)

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