FCA Announcements on the end of LIBOR
On 5 March 2021, the FCA announced the dates that panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. This […]
Technical negotiations concluded on the UK and EU Memorandum of Understanding (MoU)
On 26 March 2021, HMT announced that technical negotiations were concluded on the UK and EU MoU. HMT states that formal steps need to be undertaken on both sides before […]
FCA Supervisory flexibility on RTS 27 reports and 10% depreciation notifications
On 19 March 2021, the FCA announced it was extending the temporary measures in relation to the requirement for firms to issue 10% depreciation notifications to investors, which were put […]
FCA launches campaign to encourage individuals to report wrongdoing
On 24 March 2021, the FCA launched its campaign, ‘In confidence, with confidence’, encouraging individuals working in financial services to report potential wrongdoing to the FCA, and reminds them of […]
PRA’s business plan for 2020/2021
On 9 April 2020, the PRA published its business plan for the year ahead. The PRA confirms that it has had to reassess its plans in light of COVID-19 and […]
FCA Business Plan 2020/21
On 7 April 2020, the FCA set out its business priorities for the year ahead, with a specific focus on the challenges presented by the Covid-19 pandemic. Throughout the pandemic, […]
FCA and PRA changes to mortgage reporting requirements
In September 2019, the FCA and the PRA published their policy statement (PS) PRA PS 22/19 and FCA PS 19/23 on new reporting requirements which would apply to regulated mortgage […]
FCA publishes Decision Notice against Jon Frensham for non-financial misconduct
On 29 March 2021, the FCA published a Decision Notice in respect of Jon Frensham (formerly known as Jonathan James Hunt), an independent financial adviser and the sole director at […]
Open finance – feedback statement FS21/7
On 26 March 2021, the FCA summarised the feedback it received to its Call for Input in December 2019. This explored the opportunities and risks from open finance, as well as how […]
PRA BOE Operational Resilience: Impact tolerances for important business services PS6/21
On 29 March 2021, the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Bank of England (‘the Bank’) in its capacity of supervising financial market infrastructures (FMIs), […]