12/06/2021
FCA launches discussion of FSCS levy framework
It intends to improve the conduct of firms to prevent harm from happening in the first place.
Legal, Regulation & Compliance
12/06/2021
HNWs could be denied access to FSCS
The FCA said it had looked at claims processed over 2020 and 2021 in order to consider the impact such an exclusion would have.
12/06/2021
Court of Appeal backs RBS and NatWest Group in PPI claims case
In a unanimous decision on Friday, the Court of Appeal ruled that potential claimants had six years from the end of the PPI policy in their credit card agreement in which to make a claim.
12/06/2021
FCA launches discussion on improving the financial services compensation framework
The FCA is seeking views on fundamental questions about the purpose, scope and funding of the FCA's compensation framework to ensure it continues to meet the needs of consumers and firms.
12/05/2021
FCA and Practitioner Panel publish findings from 2021 joint survey
The survey gives views across the financial services sector of our performance as a regulator. It provides us with important information to help us achieve our objectives.
12/05/2021
IFPR: FCA publishes final Policy Statement 21/17
The FCA has made some relatively minor adjustments and clarifications and affected firms should consider how to factor in these changes within their IFPR implementation.
12/03/2021
EU fines banking giants €344 million over FX price fixing cartel
The Commission's investigation focused on the trading of the G10 currencies, the most liquid and traded currencies worldwide.
12/03/2021
Financial Regulation: Daily Update
The Council of the European Union (EU) has agreed on a mandate to negotiate with the European Parliament
12/03/2021
Primary Market Effectiveness Review: Feedback and final changes to the Listing Rules
These changes form part of our wider ongoing review into the effectiveness of our primary markets, which is also considering how we can make the regime more efficient and accessible, while maintaining high standards on UK public markets.
12/03/2021
AG Data & Privacy News
The ICO has also issued a provisional notice to prevent Clearview from processing the personal data of people in the UK and to force the company to delete its existing UK data.
12/03/2021
Financial Service & Banking News
The supervisory statement aims to assist competent authorities (CA) to supervise the implementation of IDD POG Delegated Regulation ((EU) 2017/2358) (POG rules) by manufacturers and distributors in ensuring that products are aligned with the target market
12/03/2021
Crypto firms – navigating the UK MLR registration regime
In order to allow firms to continue trading while their applications are being assessed, the FCA introduced a Temporary Registration Regime (TRR) for existing cryptoasset businesses.
12/03/2021
France: Supreme administrative court rules on foreign tax credits for certain capital gains
The court ruled that the 12% “add-back” must be seen as a way to tax capital gains at a reduced rate rather than a means of neutralizing the deduction of expenses incurred for the purpose of acquiring/sustaining a tax-exempt income.
12/03/2021
Ogier ranked among Luxembourg's top law firms
In its 2022 edition, the international rating agency has also singled out eight individuals from Ogier for recognition: William Jean-Baptiste, François Pfister, Benoit Rose, Bertrand Geradin, Laurent Thailly, Daniel Richards, Jad Nader, Hél&
12/02/2021
Meyado Private Wealth Management UK in liquidation
Financial Services Compensation Scheme says people may be eligible to claim redress
12/02/2021
Financial Regulation: Daily Update
The FCA says it will consider this feedback alongside that received to its joint Call for Input with The Pension Regulator (TPR) on the Pensions Consumer Journey.
12/02/2021
Consumer warning on Grosvenor Associates Ltd
Customers are also advised when considering an investment to check both that they are dealing with a firm that is authorised and that the firm holds investment permissions.
12/02/2021
Financial Service & Banking News
The FCA is proposing to increase the minimum fee from £1,151 to £2,200 as a reflection of the costs associated with the authorisation and supervision of 51,000 firms throughout the UK.
12/02/2021
No excuse for SFDR Article 9 passives to invest in high polluters, Danish regulator warns
The Danish FSA has drawn its line in the sand on SFDR Article 9 ahead of the implementation of phase two
12/02/2021
EU Commission fines UBS, Barclays, RBS, HSBC and Credit Suisse
The Commission has adopted today a decision imposing a total fine of € 261 million