03/31/2023
Bank of England: Depositor Protection
It also contains the PRA’s final rules concerning the relevant amendments to the Depositor Protection Part of the PRA Rulebook (Appendix: Annex A).
Legal, Regulation & Compliance
03/31/2023
FSCS reverses firm's default after error
A declaration of default happens when the FSCS is satisfied the firm cannot meet eligible claims made against it.
03/30/2023
FCA updates on its Sustainability Disclosure Requirements and investment labels consultation
Consumers are at the heart of our proposals for SDR and investment labels.
03/30/2023
Climate change: Paris Agreement extended to Isle of Man
The move means the Isle of Man’s climate action will contribute to the UK’s commitment to reduce its emissions by at least 68% on 1990 levels, by 2030.
03/30/2023
NSM opens London office
The London office team of Chris Bond, James Sermon and Chloe Harris will be supported by the head office in Guernsey.
03/30/2023
FCA's update highlights important sticking points of SDR
It is also vital that time is taken to make these final policies clear, concise and not allow them to lead to further confusion.
03/30/2023
ECB rates will need to rise but possibly at a slower pace - policymakers
If the financial stress we see is non-zero, but turns out to be still fairly limited, interest rates will still need to go up.
03/30/2023
Eight CCUS projects progress to UK negotiations
A further round of funding via the HPBM and NZHF is to open later this year.
03/29/2023
EBA publishes new set of indicators to identify potential causes of consumer harm
These indicators cover the banking products in the EBA’s consumer protection scope, and include mortgage credit, consumer credit, deposits, payment accounts and payment services.
03/29/2023
Global action to enhance cross-border payments − remarks by Victoria Cleland
Given at The Silk Road Cash & Payments Conference
03/28/2023
Addleshaw Goddard: Financial Services & Banking News
The Bill will now move to the report stage for further scrutiny; a date is yet to be scheduled.
03/28/2023
UK makes it easier for smaller companies to offer share incentives
The government has removed the requirement for the company to set out within the option agreement the details of any restrictions on the shares to be acquired under the EMI option.
03/28/2023
FINMA publishes 2022 Annual Report
FINMA’s 2022 Annual Report published today also includes the annual financial statements. In addition, FINMA is providing data on enforcement cases in a database as well as statistics in an Excel document on its website.
03/28/2023
Financial Ombudsman Service publishes latest complaints data about individual businesses
We upheld 34% of complaints in the consumers’ favour, compared to 37% in H1 2022.
03/27/2023
HMRC publishes simplified VAT guidance for overseas sellers
HMRC has published new simplified VAT guidance for overseas sellers sending goods to the UK.
03/27/2023
L&G chief says UK levelling up policy is ‘failing’
Sir Nigel Wilson is pushing for policy change to encourage investment outside the capital
03/27/2023
Financial planning company fails
This is the second Ascot Lloyd-linked firm to be declared in default in as many months
03/27/2023
It’s not the plane, it’s the pilot - speech by Shoib Khan
Given at Westminster Business Forum policy conference
03/27/2023
UK unveils LTA protection changes in Finance Bill
AJ Bell says ‘devil is in the detail’
03/27/2023
Firms warned over diversity vagueness amid FCA clamp down
Deadline for first reporting on progress is next month