The FCA is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded notes (“ETNs”) referencing certain types of cryptoassets. The FCA considers these […] [...]

Following consultation, the FCA is introducing rules designed to prevent harm to investors, without stifling innovation in the peer-to-peer (P2P) sector. When the FCA set its first rules for P2P, […] [...]

The FCA has written to Wealth Managers and Stockbrokers setting out the key risks that such firms pose to their customers or the markets in which they operate. The FCA […] [...]

In publishing a draft bill relating to the Fifth Money Laundering Directive, the German Federal Ministry of Finance has widened the scope of the licensing requirement under the German Banking […] [...]

On 30 May 2019, the FCA published Policy Statement 19/13 (“PS19/13”) in relation to the Shareholders Directive II (“SRD II”). As per PS19/13, SRD II requires asset owners and asset […] [...]

Reports were circulating during late May that both the Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg are to undertake checks on […] [...]

The Financial Times (19 May 2019) has reported that the number of directors being investigated by the FCA has more than doubled in two years with nearly half of those […] [...]

Raphaels Bank (“Raphaels”) has received separate fines of £775,100 from the FCA and £1,112,152 from the PRA in respect of failures in the systems and controls supporting the oversight and […] [...]

ESMA has published a statement on the revised scope of the EU’s share trading obligation under a no-deal Brexit scenario following its initial announcement on 19 March 2019. According to […] [...]

The FCA has confirmed the deadline for notifications for the temporary permissions regime (TPR) will be extended to the end of 30 October 2019. The TPR allows EEA-based firms passporting […] [...]

ESMA has updated in Questions and Answers (“Q&As”) on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The updated Q&As […] [...]

ESMA has updated its Questions and Answers (Q&As”) on the implementation of the European Markets Infrastructure Regulation (EMIR). The updated Q&As provide clarifications on the new framework introduced by Regulation […] [...]

The FCA has published its Business Plan for 2019/20 which outlines its key priorities for the year. The statement from the FCA accompanying the Business Plan outlines four ongoing cross-sector […] [...]

The European Parliament has now passed the new regulation on prudential requirements for MiFID investment firms, the Investment Firms Regulation (IFR) and the accompanying Directive, the Investment Firms Directive (IFD). […] [...]

The EU have agreed changes to EMIR which applies to the over-the-counter (“OTC”) derivative transactions. These changes, agreed under the EU’s Refit agenda, aim to preserve all the core elements […] [...]

The FCA has provided a statement update on permanent product intervention measures to restrict the sale, marketing and distribution of contracts for differences (CFDs) and CFD-like options sold to retail […] [...]

The FCA has launched a Call for Input asking for feedback on its proposed approach to reviewing the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). The […] [...]