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New Regulations Financial Conduct Authority (FCA) United Kingdom

Proskauer - Regulatory & Compliance

Regulation Round Up - June 2024

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in June 2024: 28 June PRIIPs Regulation: The Joint Committee...more

Latham & Watkins LLP

In Practice: Preparing for a New UK Securitisation Framework

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The start of 2024 heralds the rollout of a new suite of rules for securitisation in the UK, which once adopted, will replace the existing on-shored UK Securitisation Regulation (the “UKSR”). Originally published in...more

A&O Shearman

UK regulators expectations on governance and DI within financial services firms

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The recent proposals from the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) on diversity and inclusion (D&I) include proposals in respect of governance and oversight within in-scope firms....more

A&O Shearman

D&I as a non-financial risk: considerations for control functions

A&O Shearman on

Proposals from the UK financial regulators aimed at improving diversity and inclusion (D&I) in the UK financial services sector include an explicit expectation for all in-scope firms to consider a lack of D&I as a...more

A&O Shearman

Tracking and improving inclusion in financial services: practical challenges and how to navigate them

A&O Shearman on

The latest UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals for improving diversity and inclusion in financial services include requiring firms to report on six new inclusion metrics....more

A&O Shearman

D&I in financial services: UK proposals for mandatory data reporting and public disclosure

A&O Shearman on

Post six in our blog series on the UK Financial Conduct Authority and Prudential Regulation Authority proposals to improve diversity and inclusion (D&I) in UK financial services considers the D&I data firms would be required...more

A&O Shearman

FCA and PRA DI Proposals - Balancing data protection considerations against D&I reporting duties

A&O Shearman on

The latest post in our blog series looking at the UK Financial Conduct Authority and Prudential Regulation Authority proposals to improve diversity and inclusion (D&I) in the financial services industry focusses on data...more

A&O Shearman

D&I in FS: Data protection and D&I reporting

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The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are consulting on proposals to introduce a new financial services regulatory framework on diversity and inclusion (D&I) in the financial...more

Proskauer Rose LLP

Regulation Round Up - October 2023

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Fund Tokenisation: The Financial Conduct Authority (“FCA”) published a press release announcing that it has joined the Monetary Authority of Singapore’s Project Guardian, a collaborative initiative with the financial industry...more

Goodwin

Final Reminder: New UK Crypto Marketing Rules Less Than a Month Away

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As we have discussed previously (see ”First Reminder: Two Months Until New UK Crypto Marketing Rules Take Effect”), starting 8 October 2023, anyone — including a crypto issuer or business based outside the UK — who makes a...more

Proskauer Rose LLP

UK and EU Sustainable Finance Regulation: Taking Stock with Change on the Horizon

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Both opportunities and challenges have arisen for the asset management industry as a result of the rapid introduction of UK and EU sustainable finance regulation in recent years. The new requirements have been heightened in...more

Pillsbury Winthrop Shaw Pittman LLP

Provisions Relating to Digital Assets under the Financial Services and Markets Act 2023 Come into Force

With new provisions in effect beginning August 29, 2023, the UK’s regulatory framework for digital assets begins to take shape. FSMA 2023 explicitly brings cryptoassets within the FCA’s regulatory perimeter and creates a...more

Proskauer - Blockchain and the Law

Tokenised Funds – Key UK Regulatory Considerations

In its February 2023 discussion paper (DP23/2) relating to the UK regulatory regime for asset management, the UK’s Financial Conduct Authority (“FCA”) briefly touched on fund tokenisation as an area of technological drive and...more

Latham & Watkins LLP

Recent Developments for UK PLCs - August Edition

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New Legislative Measures to Strengthen UK Corporate Reporting - On 19 July 2023, the draft Companies (Strategic Report and Directors’ Report) (Amendment) Regulations were laid in Parliament....more

Goodwin

The Remaining New Financial Promotion Rules for UK Private Fund Managers: Less Than a Month Away

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In a previous client alert (New Risk Warning Rules for UK Private Fund Managers: Action Required), we discussed the rules governing the main risk warnings for financial promotions of high-risk investments, which came into...more

Goodwin

New Risk Warning Rules For UK Private Fund Managers: Action Required

Goodwin on

In our previous client alert, we mentioned the need for managers to review new rules contained in PS22/10, published by the UK Financial Conduct Authority (FCA). The rules governing the main risk warnings for financial...more

Proskauer Rose LLP

Regulation Round Up - September 2022

Proskauer Rose LLP on

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in August 2022: 24 August - The Financial Conduct Authority...more

Wilson Sonsini Goodrich & Rosati

UK Financial Services Consumer Regulation Reset: The “Consumer Duty”

The UK Financial Conduct Authority (the FCA) is introducing sweeping new regulatory obligations for financial services firms that serve UK retail customers, referred to as the "consumer duty" (the Duty). The Duty represents a...more

BCLP

A new horizon for regulated funeral plan providers: opportunities, risks and lessons to be learned

BCLP on

On 29 July 2022, funeral plan providers (“FPPs”) will be brought within the remit of the Financial Conduct Authority (the “FCA”). While entering into a funeral plan contract as a provider has been a regulated activity for...more

A&O Shearman

Pensions: Statutory transfer changes

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Changes to transfer rules and processes will apply from 30 November 2021. Although the introduction of ‘red flag’ and ‘amber flag’ checks has been anticipated for some time, the final regulations have only just been published...more

Latham & Watkins LLP

FCA Issues New Rules on Insurance Pricing Practices

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The new rules follow coordinated regulatory and antitrust scrutiny of overcharging loyal customers. On 28 May 2021, the FCA published a policy statement setting out new pricing practices rules for insurers and insurance...more

Latham & Watkins LLP

FCA Proposes New Rules on Climate-Related Disclosures by Listed Issuers

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The FCA is moving towards formalising issuers’ compliance with the TCFD recommendations. Key Points: ..The FCA is proposing that premium listed commercial companies will need to disclose how they have implemented the...more

Katten Muchin Rosenman LLP

Corporate and Financial Weekly Digest - Volume XII, Issue 25

SEC/CORPORATE - NYSE Withdraws Proposed Rule to Allow Listing Without an IPO - On June 19, the New York Stock Exchange (NYSE) filed a notice withdrawing its proposed rule that would have allowed companies to list on the...more

Katten Muchin Rosenman LLP

UK Government Publishes Implementing Regulations for UCITS V

On February 25, the UK government published the Undertakings for Collective Investment in Transferable Securities Regulations 2016 (Regulations) along with an explanatory memorandum and transposition table. The Regulations...more

Katten Muchin Rosenman LLP

FCA Announces Major Restructuring

On December 8, the UK Financial Conduct Authority (FCA) announced a new strategic approach that is intended to provide a “sharper focus” for the agency as it grapples with its new responsibilities and the implementation of...more

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