11/11/2021
The consultation details the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it reflects the UK's position outside of the EU and remains fit for the future.
11/11/2021
The FCA will be sending out a survey to all general insurance and premium finance providers in January for firms to provide their first annual attestation.
11/11/2021
The government’s response confirms that they intend to proceed with requirements in relation to COVID-19 vaccinations.
11/11/2021
This has been caused by ineffective competition between providers of insurance products and a lack of common measures of value.
11/11/2021
Together with the decisions in Rolfe and Warren (discussed below), it is likely significantly to curb some of the momentum that had been building around potential scope for opt-out claims in data breach cases.
11/11/2021
The proposed ICC framework seeks to break through this complexity – recognising not only positive activity, but also guiding banks and corporates towards the use of best-practice standards.
11/11/2021
DLA Piper has one of the largest investment management and investment funds practices in the world, with more than 250 lawyers with relevant experience and offices in all key global jurisdictions.
11/11/2021
A breakthrough was achieved in February 2021 in the Council of the EU, as a result of certain countries changing their previous position and agreeing to support the proposal.
11/10/2021
Chancellor’s ‘once-in-a-generation’ plan emphasises focus on growth and global competitiveness
11/10/2021
"The government will also require both regulators to report on their performance against their growth and competitiveness objective on an annual basis."
11/10/2021
For CCPs that are assessed as being systemically important, the BoE will perform an ‘informed reliance assessment’ to consider to what extent it is able to rely on home regulation and supervision
11/10/2021
The MoU sets out a high-level framework formalising the continuing cooperation between the FCA, the Bank and FMSB
11/10/2021
The consultation will inform a decision on whether to move into a ‘development’ phase which will span several years.
11/10/2021
The consultation proposes changing this principle to clarify that such growth should happen in a sustainable way that is consistent with the UK’s net zero commitments.
11/10/2021
In easy-to-understand graphs, Rhino shows that deals have been impacted by higher intervention rates, longer review periods and tougher remedies in the past decade.
11/10/2021
There are some harsh penalty rules and anyone with a UK subsidiary should be aware of the implications and be ready to make some changes.
11/10/2021
The capital requirements are meant to make banks more resilient to economic shocks and should thus increase financial stability.
11/09/2021
The regulations come into force on 30 November 2021.
11/09/2021
The CMA states that progress is being made with the appointment of a new Independent Trustee and the first non-executive director.
11/09/2021
The Bank will undertake a more detailed assessment of systemic importance for CCPs meeting one or more of these indicators.