Brexit Risks In Financial Services
Written by Paul Grainger, CEO, Complyport. Many financial services firms face risks relating to Brexit that could prove costly and damaging. The larger banks, insurance companies and financial institutions have […]
ECJ fines Ireland €2 million for failure to transpose the EU’s Fourth Anti-Money Laundering Directive on time
The Court of Justice of the EU (the “ECJ”) ordered Ireland to pay a fine of €2 million to the European Commission, due to Ireland’s failure to fully transpose the […]
ESMA updates statements on the impact of Brexit on MIFID II/MIFIR and the Benchmarks Regulation
ESMA has updated two statements on its approach to the application of key provisions of MiFID II/MiFIR and the Benchmark Regulation (BMR). The Impact of Brexit on MiFID II/MiFIR The […]
Liquidity Stress Testing
On 2nd September 2019 ESMA issued its final report on the Guidelines on Liquidity Stress Testing (LST) in UCITS and AIFs. The report and its requirements came into effect on 30th September […]
The Fifth Money Laundering Directive (AMLD5) – Overview, Key dates and how it will affect financial services
What is the Fifth Money Laundering Directive? The Fifth Money Laundering Directive, commonly known as ‘5MLD’, was an amendment to the Fourth Money Laundering Directive. The amendment aimed to improve […]
SMCR: FCA Updates Expectations on Fitness and Propriety Assessments and Conduct Rules Training
The FCA updated its webpage on the Senior Managers and Certification Regime (SMCR) for solo-regulated firms with new information on good and bad practices in two key areas. The updates include tables […]
COVID-19 “Dear CEO” Letter
The FCA published a Dear CEO letter it has sent in the light of the COVID-19 pandemic relating to the increase in levels of client money held by firms providing non-discretionary investment services. This Dear […]
Coronavirus and 10% depreciation notifications: further temporary measures for firms
The FCA published a statement for firms providing portfolio management services or holding retail client accounts that include positions in leveraged financial instruments or contingent liability transactions. It outlines a […]
FCA publishes rules that will apply at the end of the transition period
The FCA has published an updated version of the FCA Handbook to show the rules that will apply at the end of the transition period. It has also set out […]
Advisers warned of fake FCA Covid survey
Advisers have been warned of a scam email purporting to be from the FCA, asking them to complete a survey on its conduct rules and the effect coronavirus is having […]