First Consultation Paper on a New FCA Prudential Regime for Investment firms – It’s now time to join the debate!
January 8, 2021
Further to our regulatory insight published in August, the Financial Conduct Authority (“FCA”) in December published CP20/24 (CP20/24) a consultation paper (“CP”) outlining potential changes to the UK Investment Firm Prudential Regime (‘IFPR’). These rules...
Regulatory Overview of Compliance Changes During 2020
December 21, 2020
The year 2020 has been challenging for many reasons. Amidst a global pandemic and the years Brexit transition before the UK officially leaves the EU (very possibly without a deal), firms have had to to...
Sustainable Finance Disclosures Regulation and the impact of the delayed regulatory technical standards on UK firms.
December 4, 2020
The European Commission has confirmed in a letter to Trade Associations that the regulatory technical standards (Level 2 RTS) which underpin the European Union's ("EU") Sustainable Finance Disclosures Regulation (“SFDR”) will be delayed. It is...
Operational Resilience. What does it mean?
September 7, 2020
Operational Resilience is the embedding of capabilities and processes, behaviours and systems which allows an organisation to continue to carry out its business in the face of disruption regardless of the source. Operational resilience is...
Guidance on Compliance Functions
September 2, 2020
Background On 5 June 2020 ESMA published new final guidelines on certain aspects of the compliance function requirements under the Markets in Financial Instruments Directive (MiFID II). Whilst the appropriate role, structure and responsibilities of...