On 9 May 2025, the Financial Conduct Authority (FCA) published Policy Statement 25/4: Investment research payment optionality for fund managers (PS25/4).
Background
On 5 November 2024, the FCA published Consultation Paper 24/21 (CP24/21) on investment research payment optionality for fund managers. CP24/21 set out proposals to take forward the
On 8 May 2025, the Payment Systems Regulator (PSR) published a specific direction revoking Specific Directions 3 and 3a on the competitive procurement of central infrastructure.
Specific Direction 3, which was issued in June 2017, imposed requirements on the operator of the Faster Payments Scheme (FPS), in particular that contracts
On 8 May 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP11/25 – Discontinuing SS20/15: Supervising building societies’ treasury and lending activities.
Background
The PRA’s supervisory statement (SS) 20/15, introduced in 2015, sets out its expectations around building societies’ compliance with the requirements of the Building Societies Act
In the current geopolitical climate, with the imposition of tariffs and associated macroeconomic uncertainty, publicly traded companies across sectors will need to consider the potential impact on their business in the context of their ongoing disclosure obligations. This new briefing note focuses on some of the key areas that companies with shares admitted to the
Our latest briefing forms part of a new series looking in detail at the SRA’s guidance for in-house teams, issued following a thematic review of the sector, recognising the growth and importance of the in-house role and the unique pressures to which in-house solicitors can be subject. The guidance covers six topics and does not
On 8 May 2025, the Financial Conduct Authority (FCA) announced the appointment of David Geale as permanent executive director for payments and digital finance, and managing director of the Payment Systems Regulator (PSR).
In this role, Mr Geale will be responsible for helping to deliver the National Payments Vision and driving
On 8 May 2025, the Financial Conduct Authority (FCA) published the findings from its review of business models for smaller asset managers and alternatives.
Background
The FCA carried out the review as part of its plans to focus on smaller firms to identify business models that pose greater risks of harm to
On 7 May 2025, the Financial Conduct Authority (FCA) published data on the appointed representatives (AR) population and financial services activity.
The FCA explains that it is focused on strengthening principal firm oversight of ARs and that its commitment to being a smarter data-led regulator shapes the work it does.
On 7 May 2025, the Financial Conduct Authority (FCA) published a speech on ‘Mortgage reform: supporting home ownership in the UK’, delivered by its director of retail banking, Emad Aladhal.
As well as discussing the mortgage market more broadly, Mr Emad introduces the consultation paper launched by the FCA in relation
On 7 May 2025, the Financial Conduct Authority (FCA) published a policy statement, PS25/3, on consumer credit regulatory returns: credit broking, debt adjusting, debt counselling and providing credit information services.
Background
The FCA consulted in September 2024 (in CP24/19) on its proposal to issue a new regulatory reporting return for consumer