From June 1, 2016, certain UK financial institutions (defined below) and members of their global group will be restricted from entering into, or materially amending, ‘financial arrangements’ governed by the laws of a ‘third country’ (being a country that is not an EU Member State) unless their counterparties enable them to meet a new, UK-specific, “stay recognition requirement”.
May 23, 2016
Q&A exploring the impact of a Brexit on financial institutions.
March 01, 2016
On 15 December 2015, the FCA published its first consultation paper on the implementation of the Markets in Financial Instruments Directive II (MiFID II) (Consultati
December 16, 2015
In recent years the FCA has levied significant fines on banks for having weak anti-money laundering controls.
October 30, 2015
On 14 October 2015, HM Treasury announced proposals to change the Senior Managers’ and Certification Regimes (SMCR) introduced by the Financial Services (Banking Ref
October 19, 2015
On 28 September 2015, the European Securities and Markets Authority (ESMA) published final drafts of 28 technical standards that it is mandated to produce under...
October 06, 2015
On 18 September 2015, the FCA published two guides that set out its new approach to the supervision of firms.
September 24, 2015
Since last summer the PRA and FCA have been consulting on a new individual accountability framework. The framework itself has three limbs: the Senior Managers’ Regim
July 28, 2015
While the headline changes to the MiFID regime center on market infrastructure, there are many changes being made to investor protection requirements.
May 14, 2015
On 27 March 2015, HM Treasury published a consultation document which set out in draft form the following statutory instruments which are considered necessary to tra
May 07, 2015
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