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Showing 81 - 90 of 1160 matches filtered by 'Banking and finance'

  • The new prudential regime for investment firms: key points from the first FCA Consultation Paper

    In December 2020, the Financial Conduct Authority (FCA) published the first of three planned Consultation Papers (CP20/24) (link) on the new UK Investment Firm Prudential Regime (“IFPR”), which is now due to be implemented on 1 January 2022 (link). This first consultation closes on 5 February 2021, with a Policy ...
  • An Updated Approach: the FCA’s new Consultation Paper CP21/3 on Payment Services and E-Money

    The Financial Conduct Authority (“FCA”) published Consultation Paper CP21/3 (the “Consultation Paper”) on 28 January 2021 proposing: amendments to the technical standards on strong customer authentication (“SCA”) and common and secure methods of communication (the “SCA-RTS”); updates to its published guidance in its Approach Document on Payment Services and Electronic ...
  • EC Consultation on sustainable corporate governance: deadline approaching

    Key action point On 26 October 2020, the European Commission launched its public consultation on sustainable corporate governance (Consultation). The Consultation closes on 8 February 2021 and we would remind clients that this is a key moment for you to provide your feedback on this increasingly important area. Background to ...
  • Board and Senior Exits for Listed or Regulated Companies

    Welcome to the third in our Executive Remuneration series. In this update, we provide guidance for companies managing the departure of a senior employee. There exists a myriad of issues to be considered in the context of a senior departure: internal and external communications, regulatory notifications, succession planning and PR ...
  • ESMA observes questionable reverse solicitation practices after Brexit

    The EU-UK Trade and Cooperation Agreement and the end of the Brexit transitional period on 31 December 2020 has resulted in significant changes to EU-UK trade in financial services. In particular, UK firms can no longer rely on their UK licences to provide services to customers across the EU. UK ...
  • Business Interruption Insurance and Covid-19: FCA’s expectations following Supreme Court’s judgment

    The Supreme Court delivered its keenly-anticipated judgment in the FCA’s Test Case on non-damage business interruption (BI) cover for losses arising from the COVID-19 pandemic on 15 January 2021. The judgment is the culmination of expedited proceedings brought by the FCA to clarify cover under a range of sample BI ...
  • Belgian transitional regime for the UK insurance industry

    On 1 January 2021, the Brexit transition period came to an end and the United Kingdom (“UK”) officially left the European Union. The UK can now no longer enjoy the benefits of the internal market, and UK insurance undertakings and intermediaries will no longer benefit from a European passport. In ...
  • FCA update to guidance on mortgage and consumer credit repossessions, including motor finance

    The FCA has updated the Tailored Support Guidance for firms on consumer credit and mortgage repossessions. The regulator invites comments on the draft guidance by 10am on 18 January 2021. In November 2020, the FCA announced measures of support for credit borrowers experiencing payment difficulties as a result of Covid-19, ...
  • HODL On: New HM Treasury consultation on cryptoassets and stablecoins

    On 7 January 2021, HM Treasury (“HMT”) published its long-awaited consultation paper on the UK regulatory approach to cryptoassets and stablecoins (the “Consultation Paper”). This Consultation Paper was announced in the budget of March 2020 and has been eagerly awaited by the UK cryptoasset industry. In summary, the consultation paper ...
  • What does the EU-UK Trade and Cooperation Agreement mean for financial services?

    Following the end of the Brexit Transition Period, we assess the impact of the EU-UK Trade and Cooperation Agreement on the UK financial services sector and set out our analysis of the key points below. We also look ahead to the forthcoming EU-UK Memorandum of Understanding and its potential impact ...