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Legal, Regulation & Compliance

03/26/2025

Established UK manager uses regulatory hosting and third-party AIFM services to support launch of new strategy

They decided to appoint a specialist third-party firm to provide AIFM services whilst their newly established business unit sought direct FCA authorisation in parallel.

03/26/2025

FCA outlines next steps on Consumer Duty rule review

The proposals are part of our work to streamline our rules, reduce burdens on businesses, and improve outcomes for consumers following the introduction of the Consumer Duty.

03/26/2025

FCA launches 5-year strategy to support growth and improve lives

The new strategy builds on the FCA’s achievements over the course of its previous 3-year strategy.

03/26/2025

AILO issues FCA Overseas Funds Regime warning to advisers

Only overseas funds registered with the OFR or TMPR can be promoted to UK retail clients

03/25/2025

Monitoring preparedness and governance under EU cyber security legislation

Dominique Lensink looks at processes to adopt to help comply with the complex EU framework around cyber security.

03/24/2025

FCA to scrutinise whether pure protection market provides fair value to consumers 

The review will explore how effectively this important market is working.

03/24/2025

The Bank of England should stop worrying about inflation

At present, the Bank remains bound to its rigid 2 per cent inflation target.

03/24/2025

Isle of Man FSA sets out two-year financial crime prevention programme

Projects form part of wider approach being delivered across regulator’s four supervisory divisions

03/24/2025

Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

This consolidation affects mainly schemes with fewer than 5,000 members and aligns with the Regulator’s initiative to enhance value for money for savers.

03/24/2025

FCA suspends Hargreaves Lansdown shares from trading ahead of delisting

The consortium, made up of CVC, Nordic Capital and an Abu Dhabi Investment Authority subsidiary Platinum Ivy, previously had two bids rejected.

03/21/2025

The digital euro: maintaining the autonomy of the monetary system

Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, University College Cork Economics Society Conference 2025

03/21/2025

Expanding to the UK? Avoid the top 5 regulatory pitfalls

Many overseas firms assume UK regulations will be similar to those in the U.S. or Europe, only to discover key differences too late.

03/20/2025

UK Treasury omits defence from National Wealth Fund priority sectors

Decision comes even as government joins other European countries in seeking to raise military spending

03/20/2025

Chancellor’s National Wealth Fund to deliver growth and boost security

Chancellor sets new strategy for National Wealth Fund to reflect our Plan for Change, unlocking billions of pounds of private investment into the UK.

03/20/2025

UK jobs market holds steady in final economic snapshot before BoE rate decision

The Bank of England will have a rather treacherous path to navigate in the coming months.

03/20/2025

ESMA and Bank of England conclude a revised MoU in respect of UKbased CCPs under EMIR

This action follows the recent European Commission decision to extend the equivalence for the UK CCPs for a period of three years until 30 June 2028

03/20/2025

First FCA enforcement action and fine against a Recognised Investment Exchange

The FCA acknowledges the work undertaken by LME since March 2022 to enhance and strengthen its controls.

03/20/2025

Reaction as Bank of England holds interest rates at 4.5%

The bank has a very challenging economic environment, with growth having slowed but inflation pressures remaining elevated.

03/19/2025

A&O Shearman advises joint lead managers on U.S. supranational bond issuance under Luxembourg law

This transaction aligns with the growing trend of issuing digital bonds and marks the second supranational digital bond issuance by Multilateral development bank (MDB) IADB.

03/19/2025

BlackRock drops sustainability-related terms from 56 funds ahead of ESMA deadline

Fellow US manager Federated Hermes also adjusts names, exclusions for ESG, SDG and biodiversity funds.

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