New Survey of Financial Services firms: 63% do not believe Government has done enough to resolve “equivalence issue” with EU Growing disquiet from financial services towards the Government at the […] [...]

In the event of a no-deal Brexit, reciprocal market access would no longer be available through the passporting arrangements between the EU and the UK for firms and investment funds. […] [...]

The FCA has issued the following statement in response to ESMA’s statement of share trading obligations under MiFID II: “The EU MiFID II and on-shored UK MiFID regimes both have […] [...]

The Prudential Regulation Authority, the Financial Conduct Authority (FCA) and European Banking Authority (EBA) have announced that they have agreed a template Memorandum of Understanding (MoU). The template sets out […] [...]

Following ESMA’s statement clarifying its approach to aspects of the MiFID position limits regime, post-trade transparency requirements, derivatives trading obligations and benchmarks regulation, the FCA has published a statement setting […] [...]

The FCA has said that in its plans to prepare for a range of outcomes in relation to Brexit, including the UK leaving the EU without a transition period, it […] [...]

The FCA has published updated information to help support regulated firms in finalising their preparations for the UK leaving the EU. The FCA is urging firms to ensure they are […] [...]

The FCA is hosting two briefings for regulated firms in preparation for Brexit. These are taking place in London and Edinburgh with live webcasts being shown. Details of how to […] [...]

The FCA has agreed MoUs with ESMA and EU regulators. The FCA has published Policy Statement 19/5 (PS19/5) in which it gives feedback to various consultation papers in relation to […] [...]

The MiFID transparency regime uses trading data from the UK and the EU. It currently operates by ESMA validating data on trading across the EU and performing various calculations to […] [...]

by Simon Chapman — Associate Director, Head of Retail Services As the UK seemingly stumbles towards its exit from the EU, questions are being raised about how this will impact […] [...]

On 5 February 2019, ESMA published a statement on the use of UK data in ESMA databases and the performance of MiFID II calculations under a no-deal Brexit. ESMA’s statement […] [...]

ESMA issued a statement on 19 December 2018 to remind firms providing investment services of their obligations to provide clients with information on the implications of the United Kingdom’s withdrawal […] [...]

ESMA published a Public Statement on 19 December 2018 to clarify its plans for the recognition of Central Counterparties established in the United Kingdom (“UK CCPs”) as Third Country CCPs […] [...]