November 2022

On 29 November 2022, the Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) published a report, ‘Implementation monitoring of the Principles of financial marketing infrastructures (PFMI): level 3 assessment on financial market infrastructures’ cyber resilience’.

In April 2012, the CPMI and

On 30 November 2022, the FCA published Consultation Paper 22/24: Broadening access to financial advice for mainstream investments (CP22/24).


In CP22/24 the FCA sets out proposals for a new core investment advice regime. The aim is to allow firms to provide mass-market consumers with straightforward financial needs, greater access to simplified advice

On 30 November 2022, the International Organisation of Securities Commissions published a report, ‘Investor behaviour and investor education in times of turmoil: Recommended framework for regulators based on lessons learned from the COVID- 19 pandemic’.  The final report highlights the research insights and experiences IOSCO members gained during the COVID-19 pandemic. It explores changes

The Québec Court of Appeal has ruled that cooperation with a police investigation by voluntarily disclosing privileged documents will not automatically waive privilege with respect to third parties (Centre universitaire de santé McGill c. Lemay).[i] The decision compliments a wider legislative trend towards encouraging cooperation with criminal investigations (including, for example, Immunity

The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) has implemented a series of changes to its capital markets rules and regulations. These follow from the FSRA’s Consultation Paper 1 of 2022 dated 1 March 2022 and have a particular focus on environmental instruments and commodities.

We have published a briefing note setting

On 29 November 2022, the FCA published a speech by Emily Shepperd, Chief Operating Officer and Executive Director of Authorisations, titled ‘From zeros to heroes: how culture in financial services can change for everyone’s benefit’. The speech was given at City and Financial Global’s 8th annual culture and conduct forum for the financial services

On 28 November 2022, the Council of the European Union adopted the Digital Operational Resilience Act (DORA).

Now that the DORA proposal is formally adopted, aspects that require national transposition will be passed into law by each EU Member State. At the same time, the relevant European Supervisory Authorities, such as the European