In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in October and November 2022. Read more

Earlier this month, the G7 announced a plan to impose a cap on the price importers pay for Russian oil (see our previous blogpost for further detail).  On 28 September, President von der Leyen made a statement regarding the EU's intended implementation of this plan, as part of an eighth sanctions package in response to the escalation of the situation in Ukraine. Read more

In light of the increasing use of fintech to deliver services digitally to retail clients, the SFC has shared its observations following an in-depth survey of firms which provide online brokerage, distribution and advisory services. Read more

As readers of this blog are aware, in our regular 'sanctions tracker' we focus on updating clients on new sanctions developments. Nearly six months on from Russia's invasion of Ukraine, there is also a developing body of experience regarding the practical impact of the sanctions measures in a number of different fields. Read more

In a "Dear CEO" letter sent in early August 2022, the FCA outlined the robust approach it will take to the supervision of firms in its alternative asset management portfolio – namely FCA authorised hedge funds, private equity firms and firms that manage and advise alternative assets directly. Relevant firms can expect the FCA to focus on excessive investment risks to retail and elective professional investors, conflicts of interest, inadequate mitigation against ongoing market disruption, poor market abuse controls, and culture, as well as ESG disclosures. Read more

The latest edition of our Regulation in Focus podcast series features Jenny Andrews, an Of Counsel in our Employment team and Charles McGrath, a Senior Associate in our contentious FSR practice in London. Read more

By Antony Crockett, Mark Smyth, Timothy Stutt, Jacqueline Wootton, Barry Wang, Rukaiyah Abdullah and Jane Wang On 22 August 2022, the Australian Government released an issues paper on the effectiveness of the first three years of the Modern Slavery Act 2018 for public consultation. Read more

On 21 July 2022 the Bank of England, the PRA and the FCA published Discussion Paper 22/3 - Operational resilience: Critical third parties to the UK financial sector (DP22/3). DP22/3 sets out how the financial services regulators could use new powers proposed under the Financial Services and Markets Bill (FSM Bill) to assess and strengthen the resilience of material services provided by critical third parties to the UK financial services sector. Publication of DP22/3 marks an early step on the road to the introduction of a new designation regime for third party providers in respect of the material services they provide to the financial services sector. Read more