This briefing covers the FCA’s proposed rules for market abuse in cryptoassets (MARC) in (DP24/4) and follows our earlier coverage on the proposals for the FCA’s admissions and disclosures (A&D) regime proposed in that...more
1/28/2025
/ Anti-Money Laundering ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Digital Assets ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Insider Trading ,
Market Abuse ,
Market Manipulation ,
Regulatory Requirements ,
UK
The Financial Conduct Authority (FCA) has released its first publication (DP24/4) on its future rules for U.K. cryptoasset market participants. This discussion paper seeks input on the FCA’s proposed rules for admissions and...more
1/17/2025
/ Anti-Money Laundering ,
Compliance ,
Cryptoassets ,
Digital Assets ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Market Abuse ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Requirements ,
Securities Regulation ,
UK
The U.K.’s Financial Conduct Authority (FCA) has today published its high-level proposals for a major overhaul of the U.K.’s cryptoasset regulatory regime. Whilst substantive rules have not been issued today, the FCA’s...more
Crypto-asset firms are increasingly focused on the impact of MiCA on their businesses both from the perspective of high-level strategy and in relation to changes to their day-to-day compliance arrangements. MiCA represents a...more
10 years after the Alternative Investment Fund Managers Directive (AIFMD) entered into force, the Council of the European Union (EU) has published the final text of the political agreement reached in relation to the changes...more
This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus...more
11/22/2023
/ Due Diligence ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fund Transfers ,
Money Laundering ,
National Crime Agency (NCA) ,
Office of Financial Sanctions Implementation (OFSI) ,
Risk Assessment ,
Terrorism Funding ,
UK
The PRA and FCA have announced that the U.K. will be removing the bonus cap for individuals working in U.K. banks.
The U.K.’s remuneration rules for the banking and financial services sector were introduced in the wake of...more
Enforcement and legal risks relating to sanctions compliance remain high and all firms should continue to exercise care in meeting regulatory expectations. The promulgation of new sanctions relating to Russia has slowed but...more