On 26 July 2024, the Financial Conduct Authority (FCA) published several Policy Papers designed to strengthen the UK’s capital markets.
Three Consultation Papers (CPs) set out proposed rules for the new Public Offers and Admissions to Trading Regime (POATR), which will replace the existing UK Prospectus Regulation. A Policy
In the sixth podcast in our DE&I series, Jonathan Herbst, Katie Stephen, Rebecca Dulieu and Simon Lovegrove discuss non-financial misconduct including previous FCA enforcement action, the FCA’s proposals in CP23/20 and the practical steps that firms can take in this area. The podcast is the first in a planned mini-series that will focus on this
In our new video, Jonathan Herbst and Glenn Hall discuss the four key themes the financial services sector needs to watch out for, should there be a Labour government. Glenn also talks about how policy making evolves in the first 100 days, should a new government come in including preparing for a King’s speech
This article first appeared in Thomson Reuters Regulatory Intelligence.
Political party manifestos are usually high-level to give a sense of direction, and both the Conservative and Labour party platforms largely reflect their previous proposals. The Conservatives have unsurprisingly committed to bolstering their Mansion House and Edinburgh Reforms, which were key components of their
In our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Glen Hall and Simon Lovegrove discuss what it is like for a new government taking office and, from a financial services perspective, some of the key points arising out of the manifestos and some of the biggest challenges facing a new government.
Listen to the
As you will be aware, the MiFID II ancillary activity exemption is still very important in the UK in relation to commodity derivatives and emission allowances.
Since leaving the EU, there have been various developments. First, the FCA has provided some guidance on the interpretation of certain parts of the quantitative test which rely on
The general election in the UK has now been called. There is a general view within the market that if the Labour party comes to power in the upcoming election, it will broadly continue the same regulatory approach as under the current government. This appears to be one of the key messages of both Labour’s
In our latest Global Regulation Tomorrow Plus podcast Partner Jonathan Herbst and Of Counsel Uzmah Yunis share their thoughts on the FCA’s recent consultation paper on payment optionality for investment research. Mark Highman, a financial services partner in New York, also provides a US perspective.
Listen to the episode here.
On 27 February 2024, the Financial Conduct Authority (FCA) published a Consultation Paper (CP24/2) proposing, amongst other things, a new approach to publishing its enforcement investigations. Under the plans, the FCA proposes publishing an announcement that it has opened an enforcement investigation, including the identity of the firm which is subject to the