New Survey of Financial Services firms: 63% do not believe Government has done enough to resolve “equivalence issue” with EU

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 failure to agree a clear regulatory framework with the EU from 2021. With weeks left before the UK leaves the [...]

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Brexit — PRA and FCA agree Memorandum of Understanding with the European Banking Authority

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 the expectations for supervisory cooperation and information-sharing arrangements between UK and EU/EEA national authorities. Following agreement on the template, the [...]

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Brexit — FCA statement on various MiFID obligations and benchmarks regulation if the UK leaves the EU without a transition period

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 out its position on these issues. It should be noted that these opinions are relevant for a no-deal scenario and [...]

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FCA Brexit Briefings

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 register for the webcasts are contained within the link: https://www.fca.org.uk/news/news-stories/brexit-briefings [...]

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