The Court of Justice of the EU (the “ECJ”) ordered Ireland to pay a fine of €2 million to the European Commission, due to Ireland’s failure to fully transpose the […] [...]

ESMA has updated two statements on its approach to the application of key provisions of MiFID II/MiFIR and the Benchmark Regulation (BMR). The Impact of Brexit on MiFID II/MiFIR The […] [...]

On 2nd September 2019 ESMA issued its final report on the Guidelines on Liquidity Stress Testing (LST) in UCITS and AIFs. The report and its requirements came into effect on 30th September […] [...]

What is the Fifth Money Laundering Directive? The Fifth Money Laundering Directive, commonly known as ‘5MLD’, was an amendment to the Fourth Money Laundering Directive. The amendment aimed to improve […] [...]

The FCA updated its webpage on the Senior Managers and Certification Regime (SMCR) for solo-regulated firms with new information on good and bad practices in two key areas.  The updates include tables […] [...]

The FCA published a Dear CEO letter it has sent in the light of the COVID-19 pandemic relating to the increase in levels of client money held by firms providing non-discretionary investment services. This Dear […] [...]

The FCA published a statement for firms providing portfolio management services or holding retail client accounts that include positions in leveraged financial instruments or contingent liability transactions. It outlines a […] [...]

The FCA has published an updated version of the FCA Handbook to show the rules that will apply at the end of the transition period. It has also set out […] [...]

Advisers have been warned of a scam email purporting to be from the FCA, asking them to complete a survey on its conduct rules and the effect coronavirus is having […] [...]

The FCA published a Final Notice in respect of Conor Foley, the former Chief Executive Officer of Worldspreads, publicly censuring him for market abuse and banning him from performing any […] [...]

The FCA is considering extending the scope of its annual financial crime reporting obligation to include firms that carry on regulated activities that potentially pose a higher money laundering risk. […] [...]

In May 2020, the FCA, acting in the public interest, decided to bring a test case to resolve any contractual uncertainty arising from selected Business Interruption (BI) policies relating to […] [...]

The FCA has incorporated data quality reviews into its supervisory programme by conducting desk-based analyses and on-site inspections of counterparties. In this respect, the FCA has included in Market Watch 59 and 62 a […] [...]