Temporary Equivalence Decision for UK CCPs to be renewed

European Commission Vice President Valdis Dombrovskis announced in a speech at the Guildhall in London last week that, 'as the risk to financial stability has not yet been fully removed, because industry has not so far fully prepared', he intends to renew the temporary equivalence decision for UK central counterparties (CCPs) beyond the current expiry date of 30 March 2020.  No further details of the extension have as yet been published. Article 25 of the European Market Infrastructure Regulation (EMIR) prohibits CCPs that are Read more

Regulation in Focus Podcast Episode 1 – November 2019

We are pleased to announce the release of the first episode of Regulation in Focus, our podcast series of short, sharp insights into regulatory issues that matter to you. Our first episode, a bumper cross-border edition featuring partners Hannah Cassidy (Hong Kong), Natalie Curtis (Singapore) and Chris Ninan (London), focuses on information flows in cross-border regulatory investigations. Read more

The Financial Services Duty of Care Bill

On 29 October Lord Sharkey introduced a Private Members' Bill into the House of Lords, which proposed amending the Financial Services and Markets Act 2000 ("FSMA") to empower the FCA to introduce a duty of care owed by authorised persons to consumers in carrying out regulated activities under FSMA (the "Bill"). The Bill proposed that a duty of care be defined as an obligation to exercise reasonable care and skill when providing a product or a service. Read more

Financial Crime, Market Abuse and Enforcement Timeline – October 2019

Every quarter our financial services regulatory team publishes the Financial Services Regulatory Timeline, a look ahead at key regulatory milestones in the coming months and years in a range of areas, created for our clients in financial institutions. Three areas covered in the Timeline are Financial Crime, Enforcement, and Market Abuse. For the readers of our corporate crime e-bulletins, we have produced these sections as a Calendar of key developments in Financial Crime, Market Abuse and Enforcement which can be accessed here. Read more

Daily FSR Update – 17 October 2019

Due to difficulties with our publishing software, we have been unable to deliver our Daily FSR Update to you on Thursday, 17 October 2019. While we work to resolve this issue, please click here to view the update for 17 October. Read more

Daily FSR Update, 14-16 October 2019

Due to difficulties with our publishing software, we have been unable to deliver our Daily FSR Update to you over the last few days. In the interim, we have consolidated the updates for 14 – 15 October 2019, which you can view here, and for 16 October 2019 which you can view here. Read more