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Financial Services Industry Financial Regulatory Reform Consultation Papers

Latham & Watkins LLP

FCA Consults on Permitting Bundled Payments for Research

Latham & Watkins LLP on

The FCA is proposing to allow asset managers to rebundle payments for third-party research and trade execution. On 10 April 2024, the FCA published its much-anticipated Consultation Paper on payment optionality for...more

Latham & Watkins LLP

MAS publishes Code of Conduct for ESG Rating and Data Product Providers

Latham & Watkins LLP on

The voluntary code aims to enhance transparency and improve comparability and reliability of ESG data and scores. The Monetary Authority of Singapore (MAS) has published a Code of Conduct for Providers of Environmental,...more

Cadwalader, Wickersham & Taft LLP

Basel 3.1 – Implications for the Real Estate Finance Market

On 30 September 2022, the Prudential Regulation Authority (the “PRA”) published Consultation Paper 16/22 (the “Consultation Paper”) proposing for the implementation of Basel 3.1 standards in the UK. The consultation closes on...more

Latham & Watkins LLP

Singapore’s Green Finance Industry Taskforce Launches Final Consultation on Green and Transition Taxonomy

Latham & Watkins LLP on

The consultation seeks feedback on its “measures-based approach” to classifying industrial activities, as well as “Do No Significant Harm” criteria. The Green Finance Industry Taskforce (GFIT) was convened by the...more

Hogan Lovells

UK FCA proposals on new core investment advice regime

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The FCA has been consulting on proposals for a new core investment advice regime which aims to facilitate greater consumer access to simplified advice on investing in mainstream products.  The consultation remains open for...more

Morgan Lewis - Tech & Sourcing

UK Financial Regulators Levy Nearly £50 Million in Fines for Bank’s Operational Resiliency Failures

The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) on December 20, 2022, announced fines totaling £48.65 million ($59 million) on TSB Bank plc (TSB) for operational resiliency failures, after...more

Proskauer Rose LLP

UK Financial Conduct Authority consults on payments, e-money and other firms to comply with “Consumer Duty”

Proskauer Rose LLP on

On 7 December 2021, the FCA published a second consultation paper (CP21/36) on the proposed "Consumer Duty" (the "Second Consultation"). The FCA's first consultation on this topic (CP21/13) was published in May 2021 and...more

Hogan Lovells

Empowering Singapore’s Financial Institutions through COSMIC Power SEA View, Article XIV: October 2021

Hogan Lovells on

After a summer hiatus, we return with a warning of imminent AML controls; a trend we witness across the region. On 1 October 2021, the Monetary Authority of Singapore (“MAS”) published a Consultation Paper on the FI-FI...more

Akin Gump Strauss Hauer & Feld LLP

UK Financial Conduct Authority Consults on Amending Decision-Making Process

Key Points - The FCA is consulting on changing its internal decision-making process. If the FCA’s proposals are made into final rules, certain decisions which are currently taken by the quasi-independent RDC will...more

Hogan Lovells

Financial institutions general regulatory news, July 2021

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UK and Singapore Financial Partnership on financial services HM Treasury has announced that it has agreed a new "Financial Partnership" between the UK and Singapore which will support increased financial services between the...more

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