FCA: Enhanced Supervision
The FCA publishes policy statement on how it will address serious failings of standards, governance and culture in firms; ‘Tackling serious failings in firms’.
FCA: Enforcement and Supervision
The FCA publishes its ‘Enforcement-focussed’ June Regulation roundup.
CASS: Overhaul of Regime
CASS Policy Statement ‘Review of the client assets regime for investment business’ (PS14/9) is published, with relevant firms facing changes to rules and guidance to be phased-in in three tranches.
Wholesale Markets Review
The government announces a review into wholesale markets and how they operate; a joint FCA/Bank of England/HM Treasury exercise.
EMIR: Additional Reporting
Firms subject to EMIR should be aware that additional (daily) reporting to a Trade Repository (TR) comes into force on 11 August.