Cryptoassets: Personal account dealing policies and procedures

First published on Thomson Reuters Regulatory Intelligence on 15 July 2019. This third article of a series on cryptoassets focuses on personal account dealing (PAD) policies and procedures. This topic is important not only for firms themselves but also for individual staff who have entered into or are considering entering into cryptoasset transactions on their … Read more

Renewed focus on compensation to address misconduct risk

The Financial Stability Board (FSB) released on 23 November 2018 its recommendations on the types of data regulators should be collecting from financial institutions (FIs) regarding compensation tools, as part of its workplan to address misconduct risk in FIs. This data is intended to help regulators monitor the effectiveness of FIs’ compensation structures in addressing … Read more

UK Financial Advice Market Review recommendations published

The Financial Advice Market Review (FAMR) has today published its report and recommendations.  FAMR was launched in August 2015 to explore what steps the Government, industry and regulators might individually and collectively take to stimulate the development of a market which delivers affordable and accessible financial advice and guidance to everyone, at all stages of … Read more

UK: key points for financial institutions on Government response to BIS transparency and trust paper

On 21 April 2014, the Government published its response to the Department for Business, Innovation and Skills (BIS)’s July 2013 discussion paper “Transparency and Trust discussion paper”.  The response proposes a number of key changes (summarised below), many of which will require primary legislation, and are thus dependent on the availability of parliamentary time.  Meanwhile, … Read more