On 13 March 2024, there was published on legislation.gov.uk, The Economic Crime and Corporate Transparency Act 2023 (Commencement No 4) Regulations 2025.
These Regulations are the fourth commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (the Act).
Regulation 2 commences certain provisions in Parts 1 and 2 of the
On 14 March 2025, the FCA published Primary Market Bulletin (No 54) which includes commentary on strategic leaks and unlawful disclosure, enhancing the National Storage Mechanism and the recent Quarterly Consultation Paper (CP25/4).
On 28 February 2025, the Financial Conduct Authority (FCA) issued Handbook Notice 127.
Given that Handbook Notices are fairly routine in the sense that they refer to Policy Statements that have already been published together or contain miscellaneous amendments to the Handbook they can easily be overlooked. But on this occasion, Handbook
On 13 March 2025, the Basel Committee on Banking Supervision (Basel Committee) issued a press release following its virtual meeting.
At the meeting, the Basel Committee discussed a range of initiatives including the following:
On 14 March 2025, the European Banking Authority (EBA) issued a consultation paper containing draft Regulatory Technical Standards (RTS) on the determination of the threshold referred to in Article 54(5) of the Central Securities Depositories Regulation (CSDR) and accompanying appropriate risk management and accompanying prudential requirements to mitigate risks
On 14 March 2025, there was published in the Official Journal of the EU (OJ):
On 13 March 2024, the European Securities and Markets Authority (ESMA) issued an overview of planned consultation papers for 2025.
The consultation papers planned for Q2 2025 include:
On 14 March 2025, the Financial Conduct Authority (FCA) issued an Engagement Paper on contactless payment limits.
Background
The FCA currently set limits on the value and number of contactless payments that can be made before requiring authentication. Most banks and other payment service providers (PSPs) default to the regulatory limits
On 13 March 2025, HM Treasury (HMT) published its annual report for 2023 to 2024 on anti-money laundering and counter-terrorist financing (AML/CFT) supervision.
The report sets out information about the activities of AML/CFT supervisors between 6 April 2023 and 5 April 2024. AML/CFT supervisors are appointed by HMT to monitor the
On 13 March 2025, the Financial Conduct Authority (FCA) published two new webpages setting out information for firms applying for approval of an individual for a senior management function. One of the webpages explains how to apply for a senior management function (SMF) and the other sets out case studies showing