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United Kingdom Insolvency Financial Conduct Authority (FCA)

A&O Shearman

UK Legal Statement on Digital Assets and English Insolvency Law

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The UK Jurisdiction Taskforce (UKJT) has published a Legal Statement on Digital Assets and English Insolvency Law. The main findings are that digital assets are within the definition of "property" in the U.K. Insolvency Act...more

Latham & Watkins LLP

E-Money, Payment Services, and Insolvency

Latham & Watkins LLP on

Consumers and service providers should take note of some of the enhanced risks upon an e-money institution’s insolvency. Technology is rapidly changing the way customers and businesses interact with financial systems....more

Katten Muchin Rosenman LLP

Guidance for Insolvency Practitioners: Financial Conduct Authority's Update on Regulated Firm Restructurings and Insolvencies

On Thursday, 22 September 2022, the UK Financial Conduct Authority (FCA) held a webinar and Q&A session aimed at clarifying the FCA's expectations of office holders, lawyers and consultants navigating insolvencies and...more

Latham & Watkins LLP

Restructuring with Regulators: Where Law and Policy Collide

Latham & Watkins LLP on

Balancing the urgency of delivering a restructuring with regulatory requirements in a regulated sector. Restructuring a company in a regulated sector is always challenging. Navigating directors’ duties is difficult...more

Akin Gump Strauss Hauer & Feld LLP

Restructuring Watch - April 2022

In this edition of Restructuring Watch, we reflect on the first court decision on the moratorium procedure, some recent schemes and restructuring plans, the lifting of the remaining pandemic-related restrictions for...more

Hogan Lovells

Securities and markets regulatory news, July 2021

Hogan Lovells on

Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 The Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 (SI 2021/774) have been published, together with an...more

Morrison & Foerster LLP

New UK Insolvency Regime For Payment And Electronic Money Institutions

On 8 July 2021, the Payment and Electronic Money Institution Insolvency Regulations 2021 (the Regulations) will come into force in the UK and introduce a new special administration regime for insolvent payment institutions...more

Morgan Lewis

UK Government Proposes Amendments to Arrangements for Insolvent Insurers

Morgan Lewis on

On 20 May 2021, the UK government published a consultation paper in which it set out its proposals to revise the current regime for insolvent insurers (excluding Lloyd’s underwriters). The proposals seek to clarify and...more

Hogan Lovells

Insurance regulatory news, May 2021 # 2

Hogan Lovells on

Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 - The Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 (SI 2021/594) have been published, together with an...more

Hogan Lovells

Financial institutions general regulatory news, May 2021

Hogan Lovells on

Queen's Speech 2021 and Dormant Assets Bill - On 11 May 2021, the Queen's Speech set out the government's legislative priorities for the next parliamentary session. ...more

Jones Day

A Multifaceted Maze: The FCA's Role and Powers in Distressed Situations

Jones Day on

The last five years have seen a substantial increase in the number and variety of regulated firms operating in the United Kingdom, with the development in particular of financial services provided by new technology firms,...more

Hogan Lovells

Consumer finance regulatory news, January 2021

Hogan Lovells on

Debt Respite Scheme (Breathing Space): Insolvency Service guidance - The Insolvency Service (IS) has published guidance for creditors and money advisors about the debt respite scheme (Breathing Space), which comes into effect...more

Hogan Lovells

Insurance regulatory news, July 2020

Hogan Lovells on

Recent regulatory developments of interest to insurers and their intermediaries. Includes updates relating to COVID-19, Solvency II, and more....more

A&O Shearman

Directors’ liability D&O: Entering uncharted territory

A&O Shearman on

Welcome to this the fifth edition in our series of surveys on directors’ liabilities, brought to you by the international law firm Allen & Overy LLP and the global advisory broking and solutions company Willis Towers Watson. ...more

A&O Shearman

UK Regulator Proposals to Amend Client Money Distribution Rules

A&O Shearman on

The FCA published a consultation paper on proposed changes to the client money distribution rules in the Client Assets Sourcebook of the FCA Handbook - CASS 7A - as a result of the special administration regime review. The...more

Latham & Watkins LLP

PF Newsletter: LMA Updates - Quarter One 2016

Latham & Watkins LLP on

Legal & Regulatory - BRRD: FCA publishes modification by consent for Article 55 rules - Article 55 of the EU Bank Recovery and Resolution Directive 2014/59 (BRRD) requires European Economic Area (EEA) firms and...more

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