On 25 October 2021, the Financial Conduct Authority (FCA) published Policy Statement PS 21/14, ‘A new authorised fund regime for investing in long term assets’. PS21/14 sets out a response to the feedback received to Consultation Paper CP21/12 proposing a new category of authorised open-ended fund called the long-term asset fund
On 22 October 2021, the ESAs delivered to the European Commission their Final Report with the draft RTS regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR) as amended by the Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation). The disclosures relate to financial products that make sustainable
3 November 2021 | 08:50 AM – 9:30 AM GMT
| FinTech is arguably the most innovative area within financial services. The nexus between technology and finance has opened new markets, created entirely new types of product and in doing so, presented unique and previously unforeseen challenges to financial regulators. From the growth of payment services |
On 22 October 2021, the Financial Action Task Force (FATF) published the results of its survey that was designed to identify key areas of divergence in the implementation of its AML/CFT requirements across different states, which create frictions for cross-border payments and their potential solutions. The survey results highlight, among others, that lack of a
On 22 October 2021, the Financial Conduct Authority (FCA) published a press release regarding Investment Firms Prudential Regime (IFPR) final rules.
The rules aim to streamline and simplify prudential requirements for solo-regulated UK firms authorised under the Markets and Financial Instruments Directive (MiFID). It will focus requirements and expectations away from the risks faced by
A new episode of RT Plus is out now. In this latest episode we speak to Matthew Gregory and Joe Bamford about the Treasury’s consultation paper on the regulation of Buy Now Pay Later (BNPL) products.
The consultation, published on Thursday 21 October, follows the Woolard review earlier in the year, which proposed the regulation
On 22 October 2021, the Financial Conduct Authority (FCA) published Handbook Notice 92. The Handbook Notice lists the changes made to the FCA Handbook and other material by the FCA Board under its legislative and statutory powers on 30 September and 21 October 2021.
The FCA made changes to the Handbook using the following
On 22 October 2021, there was published in the Official Journal of the EU:
On 22 October 2021, the European Banking Authority (EBA) published its final draft Regulatory Technical Standards (RTS) on gross jump-to-default (JTD) amounts and on residual risk add-on (RRAO). These final drafts provide specifications for implementing these two elements of the alternative standardised approach for market risk.
Institutions using this approach are required to compute, on
On 22 October 2021, the Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 (the Rules) was published on the legislation.gov.uk website.
The Rules are being introduced under section 411(1A) (a), (2), (2C) and (3) of the Insolvency Act 1986 (as applied and modified by regulation 37 of the Regulations). It