The FCA has published Policy Statement 13/11: consequential changes to the Listing Rules resulting from the BIS Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations (PS13/11).
In PS13/11, the FCA is making changes to the Listing Rules in response to the BIS Directors’ Remuneration Reporting Regulations and Narrative Reporting Regulations (together the Regulations). The purpose
The Financial Ombudsman Service (FOS) has published the latest issue of its newsletter ombudsman news (issue 114). This issue comprises of:
The newsletter also includes two questions and answers. The first explains how firms should deal
The Department for Business, Innovation and Skills (BIS) has published a press release relating to the publication of the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013.
The Regulations provide that where a business operates a telephone line for consumers to contact it about a contract entered into with them, the consumer must not
The FCA has published Policy Statement 13/12: Mortgage Market Review: data reporting (PS13/12). PS13/12 is the final publication in a series of Mortgage Market Review (MMR) policy documents. The MMR introduces a package of reforms for the mortgage market, with a focus on responsible lending. Most of the reforms will take effect from 26 April
The FCA has published a new web page setting out frequently asked questions (FAQs) relating to changes to the Mortgages and Home Finance Conduct of Business sourcebook (MCOB), which comes into effect on 26 April 2014, following the Mortgage Market Review. The FAQs relate to the following areas:
The Council of the EU has published a note from the Council’s General Secretariat to the Permanent Committee of Representatives on the state of play on discussions in the Council on the proposed Mortgage Credit Directive (MCD). The note explains that, on 10 December 2013, the European Parliament adopted (at first reading) the text of
The PRA has published Policy Statement 6/13: Responses to CP8/13 (PS6/13). In PS6/13, the PRA sets out its response to feedback received to the following chapters of Consultation Paper 8/13: Occasional Consultation Paper:
The Financial Services and Markets Act 2000 (Designated Consumer Bodies) Order 2013 (the Order) has been published.
This Order designates consumer bodies that may bring ‘super-complaints’ to the FCA on behalf of consumers of financial services. These are complaints brought by a representative body that a financial services market in the UK appears to be
Article 20 of the founding Regulation of the European Systemic Risk Board (ESRB) provides that the European Parliament and the Council of the EU shall determine whether the ESRB’s mission and organisation need to be reviewed. Prior to making this determination, these EU institutions shall receive an opinion from the European Supervisory Authorities (ESAs). The
The European Securities and Markets Authority (ESMA) has published an updated version of its document that sets out its assessment of applications for waivers from pre-trade transparency requirements under the Markets in Financial Instruments Directive. The updated document contains two new opinions from ESMA that relate to negotiated trade waivers. The new opinions are in