The Future of Open Banking – A Joint Statement by HM Treasury, CMA, FCA, and the PSR
On 16 December 2022, the Joint Regulatory Oversight Committee (The Committee) published a joint statement in regard to the future vision and governance of open banking, including proposals on establishment […]
FCA Consumer Duty – Important Updates Posted
The FCA has updated its’ general information page related to the implementation of Consumer Duty compliance processes. Consumer Duty PS22/9 final rules and guidance were published last July 2022 and […]
10% Portfolio Drop Rule to be Axed by Government
Introduced in 2018, Article 62 of the MIFID II regulations had required firms to notify clients of any drops in the value of their managed portfolios greater than 10% within […]
The Edinburgh Reforms – What next for UK Financial Services?
The global pandemic of Covid-19 has clearly overshadowed the UK’s full departure from the EU and for the most part the “so what” factor in relation to Brexit has been […]
UK to Announce New Crypto Regulations
Last week, the Treasury announced its plans to legislate for new regulatory powers to police the crypto industry, by limiting foreign crypto-related companies selling into the UK, making arrangements to […]
FCA Proposes Stronger Rules on Financial Promotions
On December 6, 2022, the Financial Conduct Authority (“FCA”) launched a Consultation Paper (CP22/27: Introducing a gateway for firms who approve financial promotions) proposing new measures to tackle illegal, unfair, […]
FCA warns Senior Managers and the CEO about CFD practices
Further to our email Wednesday June 16th 2021 which provided the sector with our heads-up regarding FCA’s approach to Contracts for Difference (“CFD”) Brokers, we confirm that the FCA dispatched a “Dear […]
Jan Hagen takes up the role of Head of Regulatory Business Solutions at Complyport
Our Complyport team congratulates Jan Hagen for taking up the role of Head of Regulatory Business Solutions at our firm! The Regulatory Business Solutions team, provides bespoke as well as […]
Graham Levi-Samper appointed as the co-chair of the CASS APCC Committee
Congratulations to Complyport Director, Graham Levi-Samper, for his appointment as the co-chair of the CASS APCC Committee. Graham heads up our specialised CASS support team, providing advice and support to […]
Upcoming Changes to the Appointed Representatives Regime
We previously reported on the introduction of the FCA’s policy statement PS22/11: Improvements to the Appointed Representatives regime in August 2022. As we approach 8th December 2022, we will begin […]