In the latest Global Regulation Tomorrow Plus episode, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss some of the key issues concerning the UK regime for payment for order flow.
Listen to the episode here.
FCA publishes results of survey on non-financial misconduct
On 25 October 2024, the Financial Conduct Authority (FCA) published the results of its survey to better understand how firms record and manage allegations of non-financial misconduct.
Background
Previously, the FCA published a letter to all regulated Lloyd’s managing agents, London market insurers and Lloyd’s and London market brokers and managing general agents
The end of LIBOR – statement from BoE, FCA and Working Group on Sterling Risk-Free Reference Rates
On 1 October 2024, the Bank of England (BoE), the Financial Conduct Authority (FCA) and the Working Group on Sterling Risk-Free Reference Rates (Working Group) issued a statement highlighting that the remaining synthetic LIBOR settings were published for the last time on 30 September 2024 and LIBOR came to
BoE and FCA open Digital Securities Sandbox for applications
On 30 September 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) announced that the Digital Securities Sandbox (DSS) has opened for applications. The DSS is intended to reshape how the BoE and FCA regulate by allowing firms to test legislative changes in real world scenarios
DESNZ consults on regulating TPIs in the retail energy market
On 20 September 2024, the Department for Energy Security & Net Zero (DESNZ) issued a consultation paper setting out proposals to regulate third-party intermediaries (TPIs) in the retail energy sector.
Background
TPIs in the retail energy sector can be broadly defined as a third-party that exists to help a consumer choose
Property (Digital Assets etc) Bill has its first reading in House of Lords
On 12 September 2024, the Property (Digital Assets etc) Bill was published, along with explanatory notes.
The Bill, which had its first reading in the House of Lords on 11 September 2024, provides that something may be capable of attracting property rights even if does not fit into either of the two categories
New Global Regulation Tomorrow Plus podcast – PRA CP11/24 International firms: Updates to SS5/21 and branch reporting
In our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss PRA Consultation Paper 11/24, which sets out proposals updating the regulator’s approach to international banks.
Listen to the episode here.
Let’s talk asset management: Episode 4 – New UK investment research rules
In Episode 4 of our podcast series ‘Let’s talk asset management’ Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the UK Financial Conduct Authority’s final rules for a new option to pay for investment research.
Listen to the episode here.
New briefing note – Money Laundering Controls in the Gambling Sector
The growth of the UK gambling market, in particular online, has brought with it new opportunities for exploitation by criminals. Awareness of the way in which criminals may seek to use operators to launder the proceeds of crime and robust controls to prevent this is therefore key. As part of our Financial Crime Spotlight series
New briefing note – Money Laundering Controls in the Art Market
The UK art market is one of the biggest such markets in the world, second only to China and the US, attracting high value items from around the globe. Several unique features make the UK art market attractive to money launderers and those financing terrorism. As part of our Financial Crime Spotlight series, we have