The UK Listing Authority has published Guidance Consultation 16/4: Primary Market Bulletin No.14 (GC16/4) in which it is proposing:
The deadline
The FCA has published a report outlining a proposed package of initiatives to improve the UK’s wholesale debt listing regime. The report outlines the measures the FCA has or will take as a result of its engagement with the UK Debt Market Forum. Such measures include an:
The Financial Reporting Council (FRC) has published final draft updates to the UK Corporate Governance Code and the associated Guidance on Audit Committees to reflect forthcoming UK legislation on audit committees and auditor appointments.
At the same time, the FRC has issued final drafts of revised Auditing and Ethical Standards to support the work of
Last summer the FCA published Market Watch 48 in which it set out certain observations from its suspicious transaction reporting (STR) supervisory visits that took place in 2013 and 2014. The FCA continued its programme of STR visits during 2015 and the latest issue of Market Watch sets out further observations which include the following:
The European Securities and Markets Authority has published the responses received received to its consultation on draft guidelines on the Market Abuse Regulation.
View ESMA publishes response to the consultation on MAR guidelines, 27 April 2016
Africa’s largely untapped specialty lines insurance market has significant opportunities for insurers willing to enter the region. As the market develops, more difficult and unusual risks will be written.
Regulations which vary by country must be considered. For example, placing insurance with a locally licensed insurer is often a requirement or a percentage of the
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published a press release stating that it has voted to adopt a draft report on virtual currencies. The report contains a proposal concerning the creation of a taskforce that would regulate virtual currencies, like Bitcoins, to prevent their use for money laundering and terrorist
The Consumer Credit (Disclosure of Information) (Amendment) Regulations 2016 have been published on the legislation.gov.uk website. These Regulations make provision in relation to the regulation of consumer credit under the Consumer Credit Act 1974 (c.39). They amend tables 5 of Schedules 1 and 3 to the Consumer Credit (Disclosure of Information) Regulations 2010 to ensure
The Financial Services Compensation Scheme (FSCS) has announced its levy for 2016/17.
The FSCS will levy £337m in this financial year, which is £26m less than forecast in its Plan and Budget for 2016/17 published in January. Management expenses fall for the second successive year and will total £67.4m in 2016/17.
Most industry sectors will
The European Banking Authority (EBA) has published a call for advice it has received from the European Commission (the Commission) on revising the own fund requirements for market risk. The call for advice is part of the Commission’s review of the Capital Requirements Regulation (CRR).
The Commission explains that, as part of its review of