Press Release – Mortgage brokers and financial advisers must ensure they comply with FCA requirements despite working from home

Complyport a leading compliance and regulatory consultancy has warned mortgage  brokers and financial advisers, they should ensure, despite the fact that most are working from home or remotely, that practitioners are compliant with current regulations put in place by the FCA during the COVID-19 crisis.   These changes include the FCA accepting [...]

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Coronavirus (COVID-19) Update: FCA Statement – SM&CR And COVID-19 – Expectations On FCA Solo-Regulated Firms

The FCA issued a statement on 3rd April 2020 setting out its expectations to help FCA solo-regulated firms apply the SM&CR. Separate requirements apply to dual regulated firms. The FCA statement for solo-regulated firms can be viewed at the following link: https://www.fca.org.uk/news/statements/smcr-coronavirus-our-expectations-solo-regulated-firms Statements of Responsibilities and ‘significant changes’ to Senior [...]

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The Coronavirus (COVID-19) Pandemic: A Summary of FCA Guidance & Regulatory Developments in the EU’s Investment Services and Capital Markets Sectors

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 has four primary concerns: Protection of consumers; Protection of industry employees/staff; Protection of markets; Resilience of firms.   The FCA [...]

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FCA change of London address

Of relevance to: All firms regulated by the FCA Key date: From June 2018 – update websites, literature, documentation Over the summer of 2018, the London offices of the Financial Conduct Authority (“FCA”) are relocating from 25 The North Colonnade, Canary Wharf, London E14 5HS and 1 Canada Square, Canary [...]

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MIFID II: One month in

Of relevance to:  All Firms impacted by MiFID II The Markets in Financial Instruments Directive II (2014/65/EU) (“MiFID II”) and the Markets in Financial Instruments Regulation (600/2014) (“MiFIR”) repealed and recast the first Markets in Financial Instruments Directive (2004/39/EC) (“MiFID I”) and were fully implemented in the UK at the [...]

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MiFID II Position Limits

Of relevance to: Any firm with positions in commodity derivative contracts Key date: Applicable from 3 January 2018 The European Securities and Markets Authority (ESMA) has published nine opinions agreeing MiFID II position limits proposed by the FCA for the net position that can be held in commodity derivatives contracts [...]

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Investment Research

Of relevance to: Managers of UK UCITS Key date: Has sufficient notice been given to investors for when MiFID II comes into force on 3 January 2018? MiFID II requires EU portfolio managers to either bear investment research costs directly from the firm’s own resources, or, if they choose to [...]

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Asset Management Authorisation Hub

Of relevance to: All new asset management firms applying for FCA authorisation The FCA have launched the Asset Management Authorisation Hub to support new asset management firms when they apply for authorisation, throughout the authorisation process and afterwards: early stages – things to consider before applying; pre-application – preparing your application; application – [...]

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