FCA proposes new measures to encourage effective stewardship
The FCA is proposing new measures and gathering views on how to encourage effective stewardship in the interests of investors. Most UK consumers hold investments, for example through their pensions, […]
ESMA Report finds Investment Product performance highly impacted by charges
ESMA has published its first Annual Statistical Report (“Report”) on the cost and performance of retail investment products. The report covers Undertakings for Collective Investment in Transferable Securities (“UCITS”), Alternative […]
Notice of ESMA’s Product Intervention Renewal Decision on Contracts for Differences
On 23 January 2019, ESMA adopted a Decision under Article 40 of Regulation (EU) No 600/20141 to restrict the marketing, distribution or sale of contracts for differences (“CFDs”) to retail […]
FCA approach to MiFID Transparency calculations
The FCA has released a statement in response to the ESMA statement concerning the use of UK data in ESMA databases and the performance of MiFID II calculations in the […]
ESMA sets out use of UK Data in ESMA databases under a No-Deal Brexit
On 5 February 2019, ESMA published a statement on the use of UK data in ESMA databases and the performance of MiFID II calculations under a no-deal Brexit. ESMA’s statement […]
FCA Consults on crypto-assets guidance
The FCA is consulting on Guidance for crypto-assets in order to provide regulatory clarity for market participants carrying on activities in this space. The Final Guidance will help market participants […]
FCA publishes its second set of rules following its Asset Management Market Study
In relation to UK Authorised Fund Managers, in respect of their management of authorised funds, the FCA has published new rules and guidance to improve the quality of information available […]
FCA agrees Memorandums of Understanding (“MoUs”) with ESMA and EU regulators to allow co-operation and exchange of information
The FCA has agreed MoUs with ESMA and EU regulators. The MoUs cover co-operation and exchange of information in the event the UK leaves the EU without a withdrawal agreement […]
FCA FIRDS and Transaction Reporting
Should the UK leave the EU without a transition period, the FCA expects firms, trading venues and ARMs (Approved Reporting Mechanisms) to take reasonable steps to comply with their requirements […]
Brexit — FCA’s expectations of firms
The Treasury has published legislation to give the UK financial regulators the power to make transitional provisions connected to changes to financial services legislation. If the UK leaves the EU […]