FCA Focus 2024

February 5, 2024

Financial Conduct Authority’s 2024 business plan.  What will be their key areas of focus? The Financial Conduct Authority (FCA) has published its business plan for 2024, which very much continues in the same vein as...

Dear CEO Letter To Wealth Management and Stockbroking Firms

December 18, 2023

Background The Financial Conduct Authority (FCA) have published a ‘Dear CEO’ letter in November 2023 to all Wealth Management and Stockbroking firms highlighting the potential harms that those firms could possibly inflict upon markets and...

Dear CEO Letter to Principal Trading Firms (PTFs)

November 23, 2023

The Financial Conduct Authority (FCA) has sent a general letter to all CEOs of PTFs detailing what the regulator regards as the most important risks within the firms and what it views as the drivers...

Anti Money Laundering Regulations Update

October 17, 2023

Background The 2022 Money Laundering & Terrorist Financing (Amendment #2) Regulations (MLTFR) came into effect on 01/04/2023. Businesses subject to the MLTFRs are now required to perform checks of the register of overseas entities (ROE),...

EFFECTA’s Essential Insights: A Regulatory Update

October 5, 2023

Welcome to EFFECTA’s Essential Insights, a quarterly newsletter aimed at providing its readers with succinct overviews of some of the key regulatory issues currently faced by Firms in the UK and UAE. The summer has...