The PRA has published a note for non-executive directors who sit on the board of a firm that is affected by the implementation of International Financial Reporting Standard (IFRS) 9, particularly those who sit on their firm’s audit committee.
The note discusses four questions that non-executive directors should discuss with their board:
The FCA has published a new webpage regarding what consumer credit firms need to report. The FCA charges consumer credit firms annual fees based on data in the CCR002 or CCR007. The new webpage outlines what consumer credit firms need to report to ensure that they are charged correctly. The webpage also covers common scenarios
The UK Government has published the national risk assessment of money laundering and terrorist financing 2017 (NRA).
The NRA sets out the key money laundering and terrorist financing risks for the UK, how these have changed since the UK’s first NRA was published in 2015, and the action taken since 2015 to address
The FCA has published Policy Statement 17/23: Reforming the availability of the information in the UK equity IPO process (PS17/23).
PS17/23 follows an FCA consultation published on 1 March 2017 (Consultation Paper 17/5) which followed an earlier Discussion Paper (Discussion Paper 16/3) that was published alongside the market study
The FCA has published:
In February 2017, the FCA published Discussion Paper 17/2: Review
The FCA has published Finalised Guidance 17/9: Guidance for firms on how to calculate redress for unsuitable defined benefit pension transfers (FG17/9). FG17/9 is for respondents who receive a complaint about advice they gave to transfer all or part of the cash value of accrued benefits under a defined benefits pension scheme into
The following have been published in the Official Journal of the EU:
The European Commission has issued FAQs in order to clarify how EU investment firms should interact when they seek out brokerage and research services from broker-dealers in non-EU countries.
The FAQs set out answers to the following questions:
The FCA has published position limits on certain commodity derivative contracts which are traded on UK trading venues.
The limits have been established by exercising the FCA’s power of direction under Regulation 16 of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 in accordance with Article 57 of MiFID II
The venture capital landscape in Asia continues to be robust. By Q2 2017, global venture capital deal value reached US$ 40.1 billion, a healthy 55.3% increase.1 Asia accounted for US$12.7 billion, taking the second place from United States led venture capital investments which aggregated US$21.8 billion.2 Europe accounted for US$4.1 billion of global