On 29 April 2024, the Committee on Payments and Market Infrastructures (CPMI) published a Report on service level agreements for cross border payment arrangements, with recommendations and key features. The Report has been informed by a stocktake of existing cross-border arrangements and regular exchanges with practitioners.
The Report outlines the complexity of the
On 24 April 2024, the UK Takeover Panel (Panel) published consultation paper PCP 2024/1: Companies to which the Takeover Code applies which proposes a refocusing and significant narrowing of the types of companies subject to the UK Takeover Code (Code). The consultation closes on 31 July and the Panel has indicated
On 22 April 2024, the House of Lords Financial Services Regulation Committee published a letter to Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), regarding the FCA’s Consultation Paper CP24/2 on its approach to publicising enforcement decisions.
The FCA published CP24/2 on 27 February 2024 and is seeking feedback on its
On 25 April 2024, the European Parliament issued a press release stating that it had adopted a first reading position on the proposed Directive on payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC and the proposed Regulation on payment services in the internal market
On 26 April 2024, the Government published a further response to the House of Commons’ Treasury Committee Second Report on the Edinburgh Reforms.
On 8 December 2023, the Treasury Committee published its Second Report 2023-24, Edinburgh Reforms One Year On: Has Anything Changed?. On 28 February 2024, the Economic Secretary to the Treasury committed
On 26 April 2024, the FCA published a new webpage concerning its financial promotions quarterly data for Q1 2024.
The webpage provides a summary of data generated between 1 January 2024 and 31 March 2024 from the FCA’s actions against firms breaching financial promotion rules, and referrals and investigations into unregulated activity.
Among other things
On 24 April 2024, the Payment Systems Regulator (PSR) published a Call for Views on its proposed approach to supervision.
Background
The PSR established a Supervision and Compliance Monitoring division last year, with the aim of driving compliance with the PSR’s requirements. Ensuring compliance has become increasingly important for the PSR as it
On 25 April 2024, the Financial Stability Board (FSB) issued a report on financial resources and tools for central counterparty (CCP) resolution.
In the report, which incorporates feedback from a public consultation, the FSB identifies a toolbox approach as an effective means for resolution authorities to support CCP resolution. In