EFFECTA REGULATORY ROUNDUP FOR 2021
February 1, 2022
ROUNDUP FOR 2021 Welcome to the second Effecta Compliance regulatory newsletter. In the ever changing regulatory landscape, it is key that firms keep up to date to with latest compliance developments and ensure relevant compliance...
2021 MLRO Annual Report – International Findings and Industry Guidance Overview
January 31, 2022
FCA Business Plan The FCA outlined in its 2021/22 Business plan that it wants firms to be effective in preventing market abuse and reducing the risks of financial crime. They have stated that they will...
Risk Management – Dear CEO Letter, December 2021
December 21, 2021
In March of this year Archegos Capital Management (“Archegos”) defaulted resulting in losses of over $10bn across multiple firm. Following this the Prudential Regulatory Authority (“PRA”) and the Financial Conduct Authority (“FCA”) in the UK...
Exempt CAD Firm’s considering a VOP
November 3, 2021
Exempt CAD Firm’s should consider a Variation of Permission (“VOP”) to become Non-MiFID firms and position themselves outside of the Investment Firm Prudential Regulation (“IFPR”) The forthcoming IFPR will present a challenge to those firms...
Use it or Lose it
October 4, 2021
The FCA have recently made it clear to firms that if they are not using the full scope of any of their permissions that they will be liable to be reviewed and removed if necessary....