08/01/2022
The new guidance provides clarification around where responsibility sits for ensuring that marketing communications comply with the requirements set out in the respective directives in cases where a third-party distributor, and not the fund manager itself
08/01/2022
The court found that the Commission has the power to review any merger that may raise significant competition concerns within the EU, even if the companies involved do not have activities in Europe – or the merger falls below the EU’s turnover
07/29/2022
The FCA has imposed a public censure on Carillion, rather than a financial penalty, given the firm is insolvent and in liquidation.
07/27/2022
Mills said it will still be challenging for the industry, and the regulator recognises that, so it will “do its best” to support firms.
07/26/2022
The changes are designed to reduce the cost of the annual O-SII identification process, both for the PRA and for firms, while continuing to achieve the intended outcome of identifying firms whose distress or failure would have a systemic impact on the UK