Search Filters

Advanced Search Advanced Search
Type:
Date range:

Search Results

Showing 18301 - 18310 of 18606 matches filtered by 'news item'

  • The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012/1906 (previously reported on when in draft)

    20/07/2012
    This Order implements the requirement in Article 18 of Commission Regulation (EU) 1031/2010 of 12 November 2010 on the timing, administration... and other aspects of auctioning of greenhouse gas allowances (OJ L 302, 18.11.2010, p.1) (“the emission allowance auctioning regulation”) for the UK to have enacted legislation enabling the FSA to authorise certain categories of people to make them eligible to bid in auctions of emissions allowances on their own account or on behalf of clients, and implements related provisions in Articles 6(5) and 59 of that Regulation. (Date in force: 20/07/12)
    Support Information
    Show more Show less
  • The Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013 (Draft)

    20/07/2012
    This draft is described as having been published to assist Parliamentary consideration of the Financial Services Bill. It amends the... threshold conditions set out in Schedule 6 to FSMA. In giving or varying permission under Part 4A FSMA or imposing or varying a requirement or giving consent under that Part, FCA or PRA must ensure that the person concerned will satisfy, and continue to satisfy the relevant threshold conditions for which that regulator is responsible
    Support Information
    Show more Show less
  • HMT: Setting the strategy for UK payments

    19/07/2012
    This consultation invites views on three options for reforming the regulation and governance of payments networks in the UK. The... first option builds on the present approach to UK payments strategy. It proposes a series of changes that could be carried out within the existing Payments Council intended to make the Payments Council more responsive to the needs and views of end users, including consumers. The second option proposes introducing a new public body to set strategy across the UK payments industry (the Payments Strategy Board). This would monitor, report on and make public recommendations to the payments industry; be composed of senior industry representatives, senior non-industry representatives (such as consumer bodies) and independent directors; be overseen by FCA which would, at a minimum, set up the Board, make appointments, approve the business plan and budgets and could appoint an independent person to report on its effectiveness; and be funded through a levy, set and collected by FCA.. At this stage of the consultation process, this is the Government’s preferred option. The third option would be to create a new regulator for the payments industry to be built on a similar model to that of utility regulators. Responses are required by 10 October 2012.
    Support Information
    Show more Show less
  • HoL: Financial Services Bill

    19/07/2012
    A further sitting of the Committee stage was held on 18 July. Amendments discussed covered clause 5 of the Bill. ... The Hansard transcription follows. Committee stage continues on 25 July when further amendments will be discussed.
    Support Information
    Show more Show less
  • IAIS: Reinsurance and financial stability

    19/07/2012
    This policy paper addresses reinsurance-specific concerns and evaluates the reinsurance marketplace in examining the relationship between reinsurance and financial stability and... whether traditional reinsurance-related activities pose systemic risk. It addresses reinsurance-specific concerns relating to market concentration rates, risks arising from accumulations and high value risks, and issues associated with alternative risk transfer, which include activities such as the underwriting of CDS products. It concludes that traditional reinsurance is unlikely to cause, or amplify, systemic risk, but that the case may prove to be different for non-reinsurance activities. It also finds that while reinsurance establishes intra-sector connectivity, the mainly hierarchical structure of the (re)insurance market dampens any propagation of shock
    Support Information
    Show more Show less
  • PS12/12: Regulating bidding for emission allowances under Phase Three of the EU Emissions Trading Scheme: Feedback to CP12/6

    19/07/2012
    The PS summarises the responses received to FSA’s consultation on authorising and supervising firms that intend to bid for emissions auction... products across the EU on auction platforms operating under the EU Commission Auction Regulation (CAR). It sets out changes to the Handbook FSA intends to make at its 26 July 2012 board meeting. The PS has been published ahead of the board meeting in order to provide potential bidders advance opportunity to see the planned changes to FSA rules, particularly in case they intend to apply for authorisation in time for any early auctions taking place this year. Rules and guidance are to come into force on 27 July 2012. From that date, FSA will be accepting applications to undertake the new regulated activity of ‘bidding in emissions auctions’. Authorised firms can find the relevant variation of permission form, along with some explanatory notes, at Appendix 2.
    Support Information
    Show more Show less
  • The Savings Certificates (Amendment) Regulations 2012/1882

    19/07/2012
    These Regulations amend the Savings Certificates Regulations 1991/1031. Their purpose is to alter certain features of savings certificates offered by NS&I,... so as to modernise and make more cost effective the administration of such certificates and facilitate the introduction of a new computer system. These Regulations will also assist NS&I to manage the risks of money laundering and fraud. (Date in force: 20/09/12)
    Support Information
    Show more Show less
  • TSC: LIBOR/Financial stability

    19/07/2012
    TSC has published a transcript of uncorrected oral evidence from the hearings held on 16 and 17 July 2012, the first... of which was attended by Jerry del Missier, formerly of Barclays and, separately, execs from FSA. The financial stability hearing also includes discussion of LIBOR and was attended by BoE execs, including Mervyn King and Adair Turner
    Support Information
    Show more Show less
  • EC: Report from the Commission to the European Parliament and the Council – Second report on effects of Directives 2006/48/EC and 2006/49/EC on the economic cycle

    19/07/2012
    The EC prepared its first report on pro-cyclicality in 2010 analysing the relationship between regulatory capital requirements and the procyclical lending... of banks. This new report notes the proposed reforms set out in 2011 (including CRD IV and CRR) and the extent to which counter-cyclical policy measures may mitigate the pro-cyclical impacts of the CRD on the financial and economic cycle.
    Support Information
    Show more Show less
  • FSA: Gender Directive

    19/07/2012
    This webpage is described as a “one minute guide” to the Gender Directive. FSA notes that it will deal with... any non-compliance issues on a firm-by-firm basis.
    Support Information
    Show more Show less