Publication of financial instruments reference data after the end of the Brexit transition period
On 6 January 2021, the European Securities and Markets Authority (ESMA) published its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period. ESMA […]
ESMA reminds firms of the MIFID II rules on reverse solicitation
On 13 January 2021, ESMA issued a Public Statement to remind firms of the MiFID II requirements on the provision of investments services to retail or professional clients by firms not […]
Brexit and UK Financial Services Compensation Scheme protection
The Financial Services Compensation Scheme (FSCS) provides compensation and protection to customers of authorised financial services firms that have failed. FSCS protection for UK-based customers of UK authorised firms will […]
FCA – Brexit: information for retail investment firms in the UK
The UK retail investments sector comprises many relatively small UK firms servicing primarily UK-based customers. If these firms have EEA-based customers (including UK expats), the FCA expects these firms to […]
FCA publishes coronavirus financial resilience survey data
On 7 January 2021, the FCA published the results of its coronavirus (Covid-19) financial resilience surveys. The surveys were sent to solo-regulated firms to inform the FCA of the impact […]
FCA policy statement Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations
On 21 December, the FCA published a Policy Statement, final rule and guidance promoting better climate-related financial disclosures for UK premium listed commercial companies. The FCA has introduced a new […]
FCA warns consumers of the risks of investments advertising high returns based on cryptoassets
The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending […]
Completing sterling LIBOR transition by end-2021
After many years of preparation, 2021 is the critical year for firms to complete their transition away from LIBOR. The LIBOR administrator, ICE Benchmark Administration, is consulting on ceasing publication of all sterling LIBOR settings at […]