News & Analysis as of

Financial Services Industry Banking Sector Food Safety Modernization Act

A&O Shearman

UK Prudential Regulation Authority Policy Statement on its Approach to Rule Permissions and Waivers

A&O Shearman on

The U.K. Prudential Regulation Authority has published a policy statement on its approach to rule permissions and waivers. The policy statement provides feedback to responses the PRA received to CP3/24 published in January....more

Hogan Lovells

UK access to cash: FCA and Bank of England consultations

Hogan Lovells on

As part of measures introduced under the Financial Services and Markets Act (FSMA) 2023, the Financial Conduct Authority (FCA) and the Bank of England (BoE) have published consultations relating, respectively, to maintaining...more

White & Case LLP

FCA DP23/4: UK Regulation of Stablecoins

White & Case LLP on

On 6 November 2023, the UK Financial Conduct Authority ("FCA") set out proposals for its regulation of fiat-backed stablecoins ("DP 23/4"). DP 23/4 invites stakeholders to provide feedback by 6 February 2024....more

A&O Shearman

Consumer Duty - What does it mean for wholesale firms?

A&O Shearman on

The FCA published its final rules on the Consumer Duty in a Policy Statement on 27 July 2022 (PS22/9) and firms now have until 31 July 2023 to fully implement such rules for new and existing products or services and until 31...more

A&O Shearman

Financial Services and Markets Bill: Regulating central counterparties and central securities depositories

A&O Shearman on

The Financial Services and Markets Bill establishes a new framework for the Bank of England’s regulation of Financial Market Infrastructure (FMI) and in particular central counterparties (CCPs) and central securities...more

A&O Shearman

The PRA’s expectations on Operational Continuity in Resolution (OCIR)

A&O Shearman on

The PRA has published updates to its policy and a revised supervisory statement on ensuring operational continuity in resolution (PS 9/21 and SS4/21) following its consultation paper in October 2020 (CP 20/20). This bulletin...more

Proskauer Rose LLP

Regulation Round Up - July 2019

Proskauer Rose LLP on

1 July - The Financial Conduct Authority ("FCA") published a policy statement (PS19/19) setting out the final 2019/20 regulatory fees and levies. The European Insurance and Occupational Pensions Authority ("EIOPA")...more

A&O Shearman

The UK’s Expanded Senior Managers and Certification Regime: Key Issues and Action Plan for Brokers, Advisers and Asset Managers

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The expanded Senior Managers and Certification Regime (SM&CR), which comes into force on December 9, 2019, extends the framework regulating individuals charged with running certain financial institutions. The Banking SM&CR,...more

A&O Shearman

Key Regulatory Topics: Weekly Update - 2 February 2018 – 8 February 2018

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BREXIT - EC publishes notices on consequences of Brexit on banking and finance sectors - On 8 February, the EC published a new webpage containing a number of notices setting out the consequences of Brexit on banking and...more

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