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Showing 1 - 10 of 1749 matches filtered by 'report item'

  • FCA Update and Guidance following judgment in the Business Interruption Insurance Test Case

    16/09/2020
    The much-awaited decision in the FCA’s High Court test case in relation to non-damage business interruption (BI) insurance policies and their response to the COVID-19 pandemic was published yesterday (15th September 2020) (the Judgment). The 162 page decision is indicative of the degree of complexity that the Judges found in ...
  • Regzone Webinar Series

    16/09/2020
    This page contains news of upcoming webinars and recordings of recent CMS webinars, available to view on demand. Webinars are a convenient way to stay informed and hear from our legal experts. Upcoming webinars Digitalisation of firms – fair value in a digital age – 2 October 2020 Culture and ...
  • German government plans to introduce Electronic Securities

    01/09/2020
    Electronic Securities are regarded as movables – register entry instead of paper form – recording also of blockchain-based crypto securities The draft law for the introduction of Electronic Securities Act (Gesetz über elektronische Wertpapiere – eWpG-E) published on 11 August this year opens a new chapter in German securities law. ...
  • The new prudential regime for investment firms: prudential consolidation and issues for groups

    28/08/2020
    In this article, we look at the new prudential consolidation regime for investment firm groups set to be introduced by the Investment Firms Regulation (“IFR”) and the Investment Firms Directive (“IFD”) (“IFR/D”) in the EU on 26 June 2021. We also look at how prudential consolidation is expected to work ...
  • FCA proposes the next stage of support for mortgage customers

    27/08/2020
    The FCA has announced proposed additional guidance (the Proposed Guidance) designed to ensure firms provide tailored, bespoke support to mortgage borrowers who continue to face payment difficulties as a result of coronavirus. Stakeholders are expected to provide their comments by 5pm on Tuesday 1 September. At the start of the ...
  • Intergenerational differences and the future of financial services

    11/08/2020
    The Financial Conduct Authority (FCA) has published its Feedback Statement on last year's Discussion Paper (DP/2) on Intergenerational Differences. Intergenerational fairness is an increasingly pressing concern, with a wide disparity in financial circumstances across the generations caused by changing socio-economic conditions and exacerbated by a growing ageing population. Younger generations ...
  • FCA proposes up to 6 month redemption notice period for UK authorised property funds

    10/08/2020
    On 3 August 2020, the Financial Conduct Authority (“FCA”) published a consultation paper (CP20/15) “Liquidity mismatch in authorised open-ended property funds”. Under the proposals in CP20/15, the FCA would require “funds predominantly investing in property” (“FPIPs”) to operate a redemption notice period of up to 180 days. The FCA’s aim ...
  • Vulnerable customers and FinTech - life after Covid-19

    29/07/2020
    Almost two years ago as the Treasury Committee heard evidence in the Consumers’ Access to Financial Services enquiry, some surprise was expressed at the projected levels of potential vulnerability in the UK, sitting at nearly 50%. As we witness the fall-out from Covid-19, few would dispute those projections today. Covid-19 ...
  • FCA to ban motor finance discretionary commission models

    28/07/2020
    Following a consultation in October 2019, discussed in our article here, the FCA has confirmed that it will introduce a ban on discretionary motor finance commission models. In light of consultation feedback and additional operational pressures facing the sector including Covid-19, the FCA has agreed to give firms additional time ...
  • Fair pricing in financial services

    27/07/2020
    Ensuring customers receive fair value for financial services is a major regulatory concern at the moment. Issues of fairness in pricing are likely to become increasingly prevalent and complex in the future as firms’ use of new technologies and data becomes more sophisticated. Fair pricing is directly relevant to FCA’s ...