The FCA has issued the following guidance to the financial services industry regarding the response that FCA expects firms to take in response to the Coronavirus (COVID-19) pandemic. The FCA […] [...]

While closely monitoring the coronavirus situation, the Financial Conduct Authority (FCA) has launched a new webpage that will be providing significant resources to UK regulated firms and FCA’s colleagues. The […] [...]

In response to the current situation, the FCA, the Financial Reporting Council (FRC), and the Prudential Regulation Authority announced a series of actions to ensure the continued functioning of capital […] [...]

As part of the SM&CR, banks, building societies, credit unions and insurance companies had to submit their directory persons data by 9 March 2020 which was then due to be […] [...]

The FCA Senior Management Systems and Controls rules (“SYSC”) require firms to have robust plans to identify and mitigate risks, including Disaster Recovery Plans (“DRP”) and Business Continuity Plans (“BCP”). […] [...]

The FCA issued guidance on Friday 20 March 2020 regarding whether a person working in a financial services firm may be a Key Worker. The government has imposed restrictions such […] [...]

The FCA issued a statement warning that firms must plan ahead and ensure sound management of their financial resources in the face of the threats from Coronavirus. Whilst the FCA […] [...]

In light of the COVID-19 outbreak the FCA has announced a flexible approach on enforcing breaches of the requirement to notify clients of a 10% depreciation in value of their […] [...]

Net short position ban and lowering of notification threshold for net short positions Extreme adverse circumstances that constitute a serious threat to market confidence and financial stability have prompted a […] [...]

The FCA has recently published a report with figures of suspicious transaction and order reports (STORs) received in 2019, pointing out the importance of high-quality STORs in the process of […] [...]

The FCA has fined Kevin Gorman £45,000 for failing to notify personal trades carried out in his capacity as a person discharging managerial responsibility (PDMR). Kevin Gorman, a former Managing […] [...]