EU Firms using the Temporary Permission Regime should look out for their Landing Slot

March 19, 2021

Background As firms will no doubt now be aware, the United Kingdom (“UK”) voted to leave the European Union (“EU”) at 11:00 pm on the 31 December 2020 (“Brexit”) and the UK is now classified...

Senior Managers and Certification Regime – Hands up if you are ready

February 19, 2021

Overview The Senior Managers and Certification Regime (SM&CR) aims to reduce harm to consumers and to strengthen market integrity by holding individuals to account for their actions. This is achieved by raising the standards of...

Agreement reached between the United Kingdom and European Union, but uncertainties remain for Financial Services firms

January 20, 2021

Any financial services firm with clients in Europe please be aware that 2021 is a year of change, but despite Boris Johnson’s Brexit discussions with the President of the European Commission, Ursula Von Der Leyen,...

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...

Effecta is pleased to announce we are now open in Dubai, with offices in the DIFC.

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