There has been published on the legislation.gov.uk website the Financial Services (Banking Reform) Act 2013 (Consequential Amendments) (No.2) Order 2016. The Order amends secondary legislation in consequence of the amendments made to section 66 of the financial Services and Markets Act 2000 and the insertion of sections 66A and 66B by the Financial Services (Banking
The PRA has updated its credit union webpage to set out the next steps for credit union regulatory reporting.
The PRA mentions that the consultation period for Consultation Paper 24/16: Credit union regulatory reporting closed on 5 September 2016. The PRA is now reviewing responses and is aiming to issue a Policy Statement by the
The Financial Ombudsman Service (FOS) has published a consultation paper setting out the amendments it proposes to make to the voluntary jurisdiction (VJ) rules in the FCA’s Dispute Resolution: Complaints sourcebook (DISP).
The FCA is responsible for making the rules for the compulsory jurisdiction (CJ) and the
On 27 September 2016, the Financial Action Task Force (FATF) issued its Mutual Evaluation Report (MER) of Singapore Anti-money laundering (AML) / Countering the financing of terrorism (CFT) measures, following a review which was conducted between 17 November 2015 and 3 December 2015. FATF’s last Mutual Evaluation for Singapore was conducted in 2008, with a
There has been published in the Official Journal of the EU a short corrigendum to the Market Abuse Regulation that makes minor changes to recital 76, Article 3(1)(26)(d) and Article 37.
The European Securities and Markets Authority has translated the following Market Abuse Regulation (MAR) guidelines into the 22 official languages of the EU:
The European Banking Authority (EBA) has published its opinion to the European Commission concerning which investment firms should be subject to the CRD IV / Capital Requirements Regulation (CRR). Generally, the EBA recommends that only those investment firms that are currently identified as global systemically important institutions (GSIIs) and
Join us for Norton Rose Fulbright’s Third Annual Private Client Symposium at our New York Office’s new location at 1301 Avenue of the Americas.
This year we are focusing on family offices — structures, regulations and transactions. Topics for this one-hour panel discussion include:
The FCA has published Thematic Review 16/8: Packaged bank accounts (TR16/8). TR16/8 sets out the FCA’s findings on packaged bank accounts, assessing how firms implemented the packaged bank account rules in the Insurance Conduct of Business Sourcebook (ICOBS) that the FCA introduced in 2013. The rules require firms to establish and
The European Banking Authority has updated its webpage on its guidelines on stress tests of deposit guarantee schemes under the recast Deposit Guarantee Schemes Directive. The updated webpage states that the guidelines have been translated into the official languages of the EU. The guidelines apply from two months after their publication in all EU languages,