News & Analysis as of

United Kingdom Financial Conduct Authority (FCA) Cloud Service Providers (CSPs)

BCLP

Joining the Dots - Will the UK’s New Critical Third Party Rules Truly Move the Dial for Financial Institutions?

BCLP on

The announcement in 2021 of the intention to implement new rules directly targeting the types of tech service provider relied on by most financial institutions may be a necessary corrective given the heavy market...more

Morgan Lewis - Tech & Sourcing

Ofcom Announces Program to Examine Hyperscalers

On September 22, the Office of Communications (Ofcom)—the United Kingdom’s communications regulator—announced and released a program of work stating its intention to examine the position of the largest providers of cloud...more

Latham & Watkins LLP

Private Bank Briefing – March 2021

Latham & Watkins LLP on

ESMA reminds firms on rules of reverse solicitation - In a statement published on 13 January 2021, ESMA reminded firms not established or situated in the EU of the MiFID II requirements on the provision of investment...more

Hogan Lovells

Securities and markets regulatory news, June 2020

Hogan Lovells on

Recent regulatory developments of interest to financial institutions and markets. Includes the extension of the senior managers regime to benchmark administrators, updates relating to MiFID II, EMIR, ESMA's draft guidelines...more

Dechert LLP

The Long Arm of the Law Gets Longer – UK Introduces Overseas Production Orders

Dechert LLP on

On February 12 2019 the Crime (Overseas Production Orders) Act 2019 (the “COPO Act”) came into force in the UK. This new law gives UK authorities (including the Serious Fraud Office (“SFO”) and the Financial Conduct Authority...more

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