IFPR – Paved with good intentions, but unintended consequences for investors utilising Goodwill.
Written by Mike Dalmiras – Consultant The implementation of the new Investment Firms Prudential Regime (IFPR) is at the top of the UK regulatory agenda for this year. The new […]
Global Anti-Corruption Sanctions Regime 2021
On 26 April 2021, the Global Anti-Corruption (GAC) sanctions regime was established via The Global Anti-Corruption Sanctions Regulations 2021. The primary legislation underpinning the Regulations is the Sanctions and Anti-Money […]
FCA secures bankruptcy of 3 individuals involved in an unauthorised share scheme
On 6 May 2020, following a trial, the High Court ordered the payment of nearly £3.62 million in restitution to members of the public who bought shares that were promoted unlawfully. The […]
FCA Second consultation on new prudential regime for UK investment firms
The Investment Firm Prudential Regime (IFPR) introduces a new prudential regime for MiFID investment firms regulated by the FCA. It will create a single, proportionate regime that reflects firms’ size and […]
FCA’s business plan for 2021/2022
On 20 April 2021, the FCA announced that it would publish its 2021/22 Business Plan in July, rather than April. The Business Plan will be published alongside its 2020/21 Annual […]
FCA sets out proposals to strengthen its financial promotion rules for high-risk investments
On 29 April 2021, following feedback to its Call for Input (CFI) on Consumer Investments, the FCA has published proposals to strengthen its financial promotion rules for high-risk investments to […]
FCA consults on strengthening investor protections in special purpose acquisition companies (SPACs)
On 30 April 2021, the FCA launched a consultation on proposed changes to its Listing Rules for certain special purpose acquisition companies (SPACs). In CP21/10, the FCA proposes amending rules […]
FCA bans and fines financial adviser £68,300 for lacking honesty and integrity
On 15 April 2021, the FCA banned Simon Varley from working in financial services and fined him £68,300 for knowingly performing a controlled function without approval and for providing investment […]
FCA webpage on climate change and sustainable finance
On 23 April 2021, the FCA published a new webpage on climate change and sustainable finance. The FCA states that its sustainable finance strategy is based on 3 themes: Transparency […]
FCA speech on “Cautious optimism for the post-pandemic world”
On 22 April 2021, Charles Randell, Chair of the FCA, gave a speech to the Finance & Leasing Association. The highlights were: To be effective in the new world of […]