The Financial Services and Markets Bill aims to reshape the U.K.'s regulatory framework post-Brexit, addressing challenges like Brexit and climate change.
We discuss these changes, and others proposed by the Bill in our client note, "UK Financial Services and Markets Bill". The changes that the FCA is bringing in do not require legislation or new powers for the FCA. The FCA confirms that it will consult this year and next on further ...
The article examines the regulatory changes in the financial services sector in Great Britain. Under the Financial Services Act of 2010, the Financial Conduct Authority (FCA) is allowed to make rules requiring firms to operate a consumer redress scheme, as consumers are given enhanced direct access...
The government is already taking forward work to deliver its vision through the Financial Services and Markets (FSM) Bill and, along with the announcement of the final policy statement on reformingSolvency IIat Autumn Statement, this set of announcements is the next step in that work. The govern...
banking company,banking concern,depository financial institution,bank- a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
This decision addresses: (a) the scope of the Financial Conduct Authority's (FCA) powers under the Financial Services and Markets Act 2000 (FSMA) to impose redress requirements on an individual regulated firm; and (b) on the scope of the jurisdiction of the Upper Tribunal. The judgment has...
Last week the Financial Services and Markets Act (FSMA) was passed, which outlines regulatory principles to be applied by both theFinancial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) while exercising their functions.The Act sets out that the FCA and PRA must apply "the...
Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take … ...
Money will be used to reform how the UK agency manages its cases and handles evidence AstraZeneca PLC AstraZeneca’s top China executive detained by authorities Pharmaceutical group confirms four other current and ex-executives investigated, in addition to Leon Wang ...
Mills refutes accusations of regulatory over-reach and fears of price controls. “Value isn’t just about price,” he says, stressing the FCA is not seeking to regulate the price of financial services products on markets. “It’s important that firms take commercial decisions on price, but ...