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United Kingdom Financial Institutions New Rules

A&O Shearman

Plan for the worst, hope for the best: PRA policy on solvent exit planning for non-systemic banks and building societies

A&O Shearman on

The PRA has published its final policy on the requirements for non-systemic UK banks and building societies to prepare for a solvent exit. The new rules require all firms in scope to prepare for an orderly solvent exit as...more

Skadden, Arps, Slate, Meagher & Flom LLP

Insights – June 2023

This edition of Skadden’s quarterly Insights looks at the latest trends in shareholder activism, the scrutiny companies are facing over their ESG disclosures and employment considerations for using AI in the workplace, among...more

Skadden, Arps, Slate, Meagher & Flom LLP

Cryptoassets Will Soon Be Subject to UK’s ‘Financial Promotions’ Regulations

On 7 June 2023, the UK Parliament passed the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023, which brings cryptoassets within the scope of rules that regulate the marketing of financial...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Expands Prohibitions on Providing Services to Russian Entities and Adds Investment Restrictions

On 15 December 2022 the United Kingdom announced its latest expansion of sanctions against Russia. New prohibitions were added relating to trust services, and professional and business services, and existing restrictions...more

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