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Legal, Regulation & Compliance

07/22/2025

General regulatory update – FCA finalised guidance for PEPs, Ancillary Activities Exemption and Assessments of Value

The FCA had reviewed its 2017 guidance in 2024, and found that it was mostly still appropriate but needed some small amendments.

07/22/2025

Government reboots Pensions Commission as experts air concerns

The Pensions Commission first ran from 2002 to 2006.

07/22/2025

UK borrowing soars just as bond markets crave fiscal stability

Welfare reform was heavily watered down, while winter fuel payments have been reinstated for millions.

07/22/2025

Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

The Commission of 2006 was a huge success, building a consensus for the roll-out of Automatic Enrolment into pension saving that means 88% of eligible employees are now saving, up from 55% in 2012.

07/21/2025

Pension Commission must be ‘bold’ to be successful

The reintroduction of the commission was welcomed by the industry with many urging it to be “brave” in addressing pension under saving.

07/21/2025

Bank of England Warns of Dollar Liquidity Shock

Financial Instability Heightens Due to Trump; EU, Switzerland, and UK Assess Dollar Risks

07/21/2025

Protections to help Buy Now Pay Later borrowers navigate their financial lives

The rules would take effect when BNPL comes under the FCA's remit in 2026.

07/18/2025

The PRA’s approach to waivers and permissions under Own Funds (CRR) Part

This SoP is relevant to banks, building societies, PRA-designated investment firms and PRA-approved, or PRA-designated, financial or mixed financial holding companies.

07/18/2025

Spain violated EU rules by meddling in banking merger, says Brussels

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

07/17/2025

Mansion house speech – uk government's campaign for growth

The government revealed its plans to encourage economic growth by promoting investing to the UK population and loosen banking regulation.

07/17/2025

FCA fines Barclays £42 million for poor handling of financial crime risks

In the first case, Barclays Bank UK PLC failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account for WealthTek.

07/17/2025

Getting liquidity where it is needed − speech by Nathanaël Benjamin

Given at OMFIF Economic and Monetary Policy Institute

07/17/2025

Ashurst advises Alpaca on acquisition of UK-based wealth management platform WealthKernel

This strategic acquisition will bring WealthKernel’s UK and EU licensed brokerage infrastructure to Alpaca, supporting their rapid global expansion to achieve its mission of opening financial services to everyone on the planet.

07/17/2025

Seven crypto ATMs seized and two arrested on suspicion of running illegal cryptoasset exchange

During the search, seven crypto ATMs were also found and seized by the FCA.

07/16/2025

Signa proceedings: Charges against René Benko for fraudulent bankruptcy

Charges of fraudulent bankruptcy on facts from the insolvency proceedings of René Benko

07/16/2025

FCA lowers costs for businesses raising capital in support of growth

The changes will lower costs for companies and widen access to investment opportunities for consumers.

07/16/2025

FCA and PRA cut senior manager regime red tape to help boost growth

The changes will make the regime more effective and efficient and drive growth in financial services.

07/16/2025

Redress system reforms to prevent compensation delays and provide predictability needed for innovation

The changes will help firms identify and resolve issues before complaints escalate and aim to give greater predictability, so businesses have confidence to invest, innovate and support UK growth.

07/16/2025

FCA sets faster targets for authorisations

The targets also give firms some time to address feedback and remedy issues, reducing, but not eliminating, the risk of increased refusals.

07/16/2025

ECB launches design contest for future euro banknotes

In January the Governing Council also selected motifs to illustrate the two possible themes.

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