On 11 January 2021, the Prudential Regulation Authority (PRA) published a consultation on its proposed approach to supervising the UK activities of PRA-authorised banks and designated investment firms that are […] [...]

The 2021 solvency stress test will assess the major UK banks and building societies against a UK and global scenario that reflects a severe path for the current macroeconomic outlook. […] [...]

The FCA has reminded firms to consider the impact of national restrictions on compliance with the Principles, given their existing guidance on branch closures. In September 2020, the FCA published guidance […] [...]

On 28 January, the FCA published a consultation paper which proposed amendments to the SCA‑RTS, as well as updates and additions to its published guidance in the Regulatory Technical Standards, […] [...]

On 5 February 2021, the FCA published its review on Implementing Technology Change.  This review sets the FCA’s findings from its cross-Financial Services change management review which looked at how […] [...]

On 12 April 2021, the FCA is launching a new online invoicing portal for users to access their invoices and arrange payment of their fees. Firms should continue using the […] [...]

Now more than ever, best practice collections activity requires active and personalised customer engagement. The challenges that firms are facing due to coronavirus (Covid-19) are not insignificant, which only heightens […] [...]

The FCA have advised they are launching a new online invoicing portal on 12th April 2021 for firms to access their invoices and arrange payment of their fees. Until the […] [...]

News that nearly 1,500 firms are in the UK’s Temporary Permissions Regime (TPR) show that London is still seen as a global gateway for financial services. That the majority of […] [...]

2020 brought significant changes to the regulatory landscape in the UK with Brexit and COVID 19 still causing operation issues for some firms. A lot of us had to rapidly […] [...]

On 6 January 2021, the European Securities and Markets Authority (ESMA) published its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period. ESMA […] [...]

On 13 January 2021, ESMA issued a Public Statement to remind firms of the MiFID II requirements on the provision of investments services to retail or professional clients by firms not […] [...]

The Financial Services Compensation Scheme (FSCS) provides compensation and protection to customers of authorised financial services firms that have failed. FSCS protection for UK-based customers of UK authorised firms will […] [...]

The UK retail investments sector comprises many relatively small UK firms servicing primarily UK-based customers. If these firms have EEA-based customers (including UK expats), the FCA expects these firms to […] [...]

On 7 January 2021, the FCA published the results of its coronavirus (Covid-19) financial resilience surveys. The surveys were sent to solo-regulated firms to inform the FCA of the impact […] [...]

On 21 December, the FCA published a Policy Statement, final rule and guidance promoting better climate-related financial disclosures for UK premium listed commercial companies. The FCA has introduced a new […] [...]

The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending […] [...]

After many years of preparation, 2021 is the critical year for firms to complete their transition away from LIBOR. The LIBOR administrator, ICE Benchmark Administration, is consulting on ceasing publication of all sterling LIBOR settings at […] [...]