On 6 September 2024, the FCA published Consultation Paper 24/18: Quarterly Consultation Paper No.45 (CP24/18).
In summary, in CP24/18 the FCA is proposing to:
Tracks financial services regulatory developments and provides insight and commentary
On 6 September 2024, the FCA published Consultation Paper 24/18: Quarterly Consultation Paper No.45 (CP24/18).
In summary, in CP24/18 the FCA is proposing to:
On 22 August 2024, the Financial Conduct Authority (FCA) updated its webpage on the Overseas Funds Regime (OFR).
The updated webpage confirms that the OFR gateway will be opened to new schemes (not currently in the Temporary Marketing Permissions Regime (TMPR)) on 30 September 2024, while landing slots for…
On 2 August 2024, the FCA published Policy Statement 24/10 ‘Expansion of the Dormant Assets Scheme: second phase’ (PS24/10).
Introduction
The Dormant Assets Scheme (DAS) was initially set up to allow banks and building societies to pay dormant monies to an authorised reclaim fund, which would then put this money towards…
Background
The Prudential Regulation Authority’s (PRA) published its Policy Statement “Review of Solvency II: Reform of the Matching Adjustment” (PS10/24) and the associated finalised rules and guidance[1] on 6 June 2024. This followed the publication of the PRA’s consultation paper in September 2023 and the enactment of The Insurance and…
On 28 June 2024, the FCA published Handbook Notice 120.
The Handbook Notice describes the changes to the FCA Handbook made by the FCA Board under their legislative and other statutory powers on 27 June 2024. On this date the FCA Board approved Handbook Administration (No 70) Instrument 2024. In this instrument the FCA…
On 1 March 2024, the FCA published a new webpage to advise firms on how to prepare effective wind-down plans. As the FCA requires some firms to submit a wind-down plan as part of their application for authorisation, it highlights the benefits of wind-down plans more generally, which include assisting firms in exiting the market…
On 1 March 2024, the FCA published a portfolio letter which updates earlier portfolio letters issued in August 2022 and February 2023 covering the regulator’s alternatives supervisory strategy and asset management supervisory strategy respectively. The update reflects changes in the external risk environment and work that the FCA has completed since those letters, as well…
On 1 March 2024, the Financial Conduct Authority (FCA) published Handbook Notice No.116. This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers.
On 29 February 2024, the FCA Board made changes to the Handbook, as set out…
On 1 March 2024, the Financial Conduct Authority (FCA) published Consultation Paper 24/3: Quarterly Consultation No.43 (CP24/3).
In CP24/3, the FCA is consulting on the following miscellaneous amendments to the Handbook:
On 26 January 2024, the FCA published Primary Market Bulletin 47, which focuses on recent developments concerning the UK’s short selling regulation and the Credit Rating Agency UK Market Share Report for 2022.
Short selling
In relation to the UK’s short selling regime the Bulletin covers: