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 be able to oversee their compliance programs and maintain operational resilience during “the new normal” being a work from home environment, which has brought with it increased outsourcing and technology changes that required implementing in a compliant way.

During these turbulent times compliance areas have also had to incorporate planned regulatory change (albeit with some concessions made by the FCA), and in this article we take a look at those changes during 2020 in reverse chronological order and make a regulatory scan of the forthcoming changes in 2021.

Key points:

  • Senior managers and certification regime latest
  • Key reporting requirements after Brexit
  • New prudential regime for investment firms

Download the report here