FCA’s New Quarterly Reporting: Driving Transparency and Efficiency in UK’s Financial Services
New Quarterly Reporting Initiative by the FCA On the 19th of May 2023, the FCA published their Authorisations operating service metrics 2022/23 Q4. As a consultancy firm, we have been […]
The Rising Importance of Consumer Duty & Addressing the Concerns of Retail Customers: FCA Publishes Research from their Financial Lives Survey
The findings from the FCA’s Financial Lives survey published on 17th May serve as a timely reminder of the hardships consumers face in the current economic climate. As a firm, […]
FCA Warns of Impending Consumer Duty Deadline
On the 10th May 2023, The Financial Conduct Authority (FCA) issued a warning to firms regarding the upcoming Consumer Duty deadline, which is less than 90 days away. Firms are […]
Improving Market Abuse Surveillance in CFD Providers: Market Watch 73 – The FCA’s Findings and Views
The Financial Conduct Authority (FCA) recently conducted a peer review of firms offering Contracts for Difference (CFDs) and spread bets to enhance market abuse surveillance arrangements and uplift standards. The […]
Are you Ready for Consumer Duty Implementation?
The immediate FCA Consumer Duty Implementation deadline firms must consider is 30th April 2023, when they must have finished their review of existing open products. With the main rules coming […]
FCA Calls for High-Quality ESG Benchmark Disclosures to Prevent Greenwashing
The Financial Conduct Authority (“FCA”) has sent a letter to CEOs following its portfolio letter to benchmark administrators. It outlines the supervisory priorities and view of the risks within the […]
FCA and BoE Launches Joint Review of Senior Managers and Certification Regime
The Financial Conduct Authority (FCA) has launched a review of the Senior Managers and Certification Regime (SMCR) in collaboration with The Treasury and Bank of England (BoE). The regulator has […]
Market Abuse: A Reminder for Regulated Firms
What is Market Abuse? The EU Market Abuse Regulation states market abuse is “a concept that encompasses unlawful behaviour in the financial markets”. The practice involves individuals and firms using […]
ESG – How do UK firms avoid falling into a greenwashing trap? – JP Morgan Acquires $500 Million of Commercial Timberland
On the 1st February 2023 , J.P. Morgan Global Alternatives disclosed that institutional investors under the guidance of their wholly-owned timber investment manager, Campbell Global, have spearheaded the acquisition of […]
Economic Crime (Anti-Money Laundering) Levy: FCA Submission Deadline
The Economic Crime (Anti-Money Laundering) Levy was introduced as part of the government’s wider 2019 Economic Crime Plan (ECP), aiming to reduce economic crime. The Levy applies to entities regulated […]