News & Analysis as of

UK Brexit Financial Conduct Authority (FCA)

A&O Shearman

Financial Services and Markets Act 2023 (Commencement No 8) Regulations 2024 Published

A&O Shearman on

The U.K. Financial Services and Markets Act 2023 (Commencement No. 8) Regulations 2024 have been made. The Regulations revoke certain pieces of EU law retained in the U.K. post-Brexit as well as bringing into force amendments...more

Jones Day

FCA Consulting on Proposed Changes to the Derivatives Trading Obligation

Jones Day on

The Background: In 2021, the Financial Conduct Authority ("FCA") and HM Treasury began consulting on the Wholesale Markets Review (the "Review"), a broad review of the structure, functioning, and regulation of secondary...more

Dechert LLP

Countdown to Change: UK's New Securitisation Regime Effective from 1 November 2024

Dechert LLP on

The HM Treasury on April 22, 2024, published the draft Securitisation (Amendment) Regulations 2024 (the “Draft SI Amendment”) as part of the continued process of replacing the retained EU Securitisation Regulation (which was...more

A&O Shearman

Bank of England Consults on Revisions to Statement of Policy on Enforcement

A&O Shearman on

On March 28, 2024, the Bank of England published a consultation paper on revisions to its Statement of Policy and Procedure on its approach to enforcement, published in January 2024, to reflect enhancements to the BoE's...more

A&O Shearman

HM Treasury Publishes Policy Statement on Next Phase of Smarter Financial Services Regulatory Framework

A&O Shearman on

On March 21, 2024, HM Treasury published a paper on the next phase of its Smarter Financial Services Regulatory Framework, the U.K.'s program of post-Brexit regulatory reforms for financial services. The original policy...more

A&O Shearman

UK Conduct Authority Consults on New Approach to Enforcement and Publication of Enforcement Investigations

A&O Shearman on

On February 27, 2024, the U.K. Financial Conduct Authority published a consultation on revisions to its Enforcement Guide, setting out proposals which aim to simplify the guidance and increase transparency around the FCA's...more

Latham & Watkins LLP

FCA’s 2024/25 Business Plan Signals Focus on Wholesale Markets Reform

Latham & Watkins LLP on

Fighting financial crime, protecting consumers’ needs, and bolstering wholesale markets are the regulator’s key priorities for the year ahead. On 19 March 2024, the FCA published its Business Plan for 2024/25, setting...more

A&O Shearman

UK Financial Conduct Authority Publishes Rule Review Framework

A&O Shearman on

The U.K. Financial Conduct Authority has published its Rule Review Framework, setting out how it will set, measure and monitor the outcomes of its Handbook rules. The Rule Review Framework was mandated under the Financial...more

A&O Shearman

The UK’s Lighter-Touch, Post-Brexit, Short Selling Regime

A&O Shearman on

The U.K. is currently engaged in a wide-ranging review of the inherited package of EU financial services law. The rules on short selling, which impose disclosure obligations and restrictions on persons seeking an economic...more

Katten Muchin Rosenman LLP

UK Financial Insights from Katten | Issue 3

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

A&O Shearman

Revocation of the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 is Postponed

A&O Shearman on

The Financial Services and Markets Act 2023 (Commencement No. 3) (Amendment) Regulations 2023 were made on August 25, 2023, postponing the revocation of the Collective Investment in Transferable Securities (Contractual...more

A&O Shearman

FCA Reviews Treatment of Politically Exposed Persons

A&O Shearman on

The U.K. Financial Conduct Authority has launched a review of the treatment by regulated financial services firms of Politically Exposed Persons based in the U.K. Firms are currently obliged, under the Money Laundering,...more

A&O Shearman

HM Treasury Publishes Response to Payments Regulation and Systemic Perimeter Consultation

A&O Shearman on

HM Treasury has published a response to its consultation on payments regulation and the systemic perimeter. The consultation was prompted by the U.K. government's Payments Landscape Review and HM Treasury's concern that some...more

A&O Shearman

UK Financial Conduct Authority Consults on Securitization Rules

A&O Shearman on

The U.K. Financial Conduct Authority is consulting on its proposed rules for securitization markets, which will replace many of the firm-facing requirements under the existing U.K. Securitization Regulation. The U.K....more

A&O Shearman

HM Treasury Publishes Response on UK Retail Disclosure Consultation

A&O Shearman on

HM Treasury has published a response to its consultation on the future of U.K. retail disclosures. HM Treasury's consultation (which we discussed in our client note, "UK Government Publishes Edinburgh Reforms for Financial...more

A&O Shearman

HM Treasury Consults on First Financial Market Infrastructure Sandbox – the Digital Securities Sandbox

A&O Shearman on

HM Treasury has published a consultation on the establishment of a financial market infrastructure sandbox, known as the Digital Securities Sandbox. The sandbox will be established using new powers granted by the...more

A&O Shearman

UK Government Consults on Revised Securitization Regime

A&O Shearman on

HM Treasury has published a near-final draft statutory instrument and related Policy Note setting out its proposed reforms to the U.K. securitization regime. Comments on the draft S.I. can be submitted until August 21, 2023....more

A&O Shearman

UK Regulator Issues Statement on New Growth and International Competitiveness Objective

A&O Shearman on

The U.K. Financial Conduct Authority has published a statement setting out how its work to support the 'key drivers' of productivity will facilitate delivery of its new secondary objective and how it intends to report on...more

A&O Shearman

UK Regulator Proposes Framework for a Consolidated Tape

A&O Shearman on

On July 5, 2023, the U.K. Financial Conduct Authority launched a consultation on a proposed U.K. consolidated tape for bonds. MiFID II introduced requirements for a "consolidated tape" for transactions in equity and...more

A&O Shearman

UK Government Consults on Revised UK Short Selling Regime

A&O Shearman on

HM Treasury has published its response to the Short Selling Regulation Review, which sought views on the proposed U.K. short selling regime. Once the new U.K. regime for short selling is finalized, the retained EU Short...more

A&O Shearman

UK Prudential Regulation Authority Consults on Approach to Reviewing Rules

A&O Shearman on

The U.K. Prudential Regulation Authority opened a consultation on June 30, 2023, on its proposed approach to reviewing its rules, including a proposed statement of policy. The Financial Services and Markets Act 2023 transfers...more

A&O Shearman

UK Financial Conduct Authority Seeks Comment on Draft Rule Review Framework

A&O Shearman on

The U.K. Financial Conduct Authority launched a consultation on July 14, 2023, on its proposed Rule Review Framework. The Financial Services and Markets Act 2023 transfers responsibility for making detailed rules to the...more

A&O Shearman

UK Government and Regulators Consult on Revised UK Prospectus Regime

A&O Shearman on

HM Treasury has published a near-final draft statutory instrument and related Policy Note setting out its proposed reforms to the U.K. prospectus regime. The U.K. Financial Conduct Authority has also published a series of six...more

Akin Gump Strauss Hauer & Feld LLP

Beginning of the End of EU Law in the UK?

The Financial Services and Markets Act 2023 (“FSMA 2023”) marks a watershed moment in British legislative history. FSMA 2023 introduces sweeping changes to the financial services regulatory infrastructure and will have a...more

A&O Shearman

EU and UK Sign Memorandum of Understanding on Financial Services Cooperation

A&O Shearman on

On June 27, 2023, the EU and U.K. signed a Memorandum of Understanding on Financial Services Cooperation, a high-level agreement on future cooperation in the regulation of financial services. The MoU provides for - -...more

399 Results
 / 
View per page
Page: of 16

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide