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UK Brexit United Kingdom Financial Markets

Mayer Brown

Labour's Plans for Financial Services Regulation: What We Know

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Labour have won the general election, with a landslide victory of 412 seats. We address the question for financial services firms: what are their regulatory plans for financial services? Although their election manifesto was...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

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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

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

Retained EU Law and EU Interpretive Principles Revoked from UK Statute Book

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The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (with related Explanatory Memorandum) came into force on January 1, 2024, clarifying that certain changes provided for under the...more

A&O Shearman

HM Treasury Publishes Response on UK Retail Disclosure Consultation

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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

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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 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

White & Case LLP

Memorandum of Understanding on Cooperation in Financial Services finally signed between the UK and EU – a substantive development...

White & Case LLP on

On 27 June 2023, the UK signed a long-awaited Memorandum of Understanding ("MoU") with the European Union ("EU") to increase co-operation on financial services. The MoU has been a long time coming: regulatory cooperation...more

Dechert LLP

Upcoming Regulatory Initiatives Impacting Private Fund Managers - September 2022

Dechert LLP on

This latest edition of the regulatory initiatives paper sets out at a high level the core regulatory issues that are likely to impact private fund managers in the coming months, including an overview of the key actions needed...more

A&O Shearman

UK Regulators Propose Changes to Margin Requirements for Non-Centrally Cleared Derivatives

A&O Shearman on

The U.K. Prudential Regulation Authority and Financial Conduct Authority have issued a joint consultation paper on proposals to amend the U.K. Binding Technical Standards on margin requirements for non-centrally cleared...more

A&O Shearman

UK Financial Services and Markets Bill 2022

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The recently published Financial Services and Markets Bill (FSM Bill) is intended to recast the U.K.’s regulatory architecture post-Brexit. It was introduced to Parliament on 20 July 2022. The Bill implements the outcomes of...more

Hogan Lovells

UK Temporary Transitional Power (TTP) comes to an end on 31 March: what does this mean for securitisation transactions?

Hogan Lovells on

The UK’s Temporary Transitional Power (TTP) that allowed firms time to adapt to the new requirements following the UK’s withdrawal from the European Union on 31 December 2020, is ending on Thursday 31 March 2022. UK regulated...more

A&O Shearman

HM Treasury Publishes Responses to Review of UK Funds Regime

A&O Shearman on

HM Treasury has published a summary of responses to its consultation on the U.K. funds regime. The consultation forms part of the U.K. Government's plans to make the U.K. a more attractive location for asset management....more

A&O Shearman

UK Government Consultation on Regulation of Central Counterparties and Central Securities Depositories

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HM Treasury has released a further consultation under the Future Regulatory Framework Review concerning the regulation of central counterparties and central securities depositories. The Future Regulatory Framework Review is...more

Proskauer Rose LLP

Regulation Round Up - January 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. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Brexit Deal Leaves Some Mighty Big Holes

Takeaways - Goods trade was provided for, at the cost of much new paperwork. - Crucial rules for banking and other services were left unresolved. The Christmas Eve agreement between the United Kingdom and the...more

Hogan Lovells

Securities and markets regulatory news, February 2021 # 2

Hogan Lovells on

Brexit: Draft Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 - A draft version of the Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 has been...more

Hogan Lovells

Securities and markets regulatory news, January 2021 # 2

Hogan Lovells on

EMIR: European Commission consults on draft Implementing Decisions on equivalence - The European Commission has published for consultation the following draft Implementing Decisions on equivalence made under Article 13(2) of...more

Hogan Lovells

Financial institutions general regulatory news, January 2021 # 2

Hogan Lovells on

Financial Services Bill 2019-21 - Having completed its progress through the House of Commons, on 14 January 2021, the Financial Services Bill 2019-21 had its first reading in the House of Lords. A revised version of the Bill,...more

Jones Day

Temporary Post-Brexit Regime Applies to UK Financial Institutions Operating in Italy

Jones Day on

In Short  The Situation: As of the close of the Brexit transition period ending on December 31, 2020 ("Withdrawal Date"), UK banks, UK investment firms, and UK electronic money institutions ("UK Financial Institutions") can...more

Robins Kaplan LLP

Financial Daily Dose 12.11.2020 | Top Story: Banner Airbnb Public Trading Debut Has Some Worrying About Tech Bubble

Robins Kaplan LLP on

Because too much of a good thing is always trouble (especially on Wall Street), market watchers are warning of a new tech bubble after Airbnb’s monster IPO on Thursday. The home-sharing app’s shares rose more than 112% to...more

Hogan Lovells

Securities and markets regulatory news, December 2020

Hogan Lovells on

Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 - The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (SI...more

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