FCA publicly censures former Worldspreads CEO for market misconduct
The FCA published a Final Notice in respect of Conor Foley, the former Chief Executive Officer of Worldspreads, publicly censuring him for market abuse and banning him from performing any […]
The FCA seeks to expand the scope of financial crime reporting requirements
The FCA is considering extending the scope of its annual financial crime reporting obligation to include firms that carry on regulated activities that potentially pose a higher money laundering risk. […]
The FCA’s Covid-19 Business Interruption Insurance Test Case
In May 2020, the FCA, acting in the public interest, decided to bring a test case to resolve any contractual uncertainty arising from selected Business Interruption (BI) policies relating to […]
The importance of EMIR and MiFIR reporting Data Quality
The FCA has incorporated data quality reviews into its supervisory programme by conducting desk-based analyses and on-site inspections of counterparties. In this respect, the FCA has included in Market Watch 59 and 62 a […]
Financial Regulators Publish Updated Regulatory Initiatives Grid
In September 2020, the Financial Services Regulatory Initiatives Forum published the second edition of the Regulatory Initiatives Grid which sets out the planned regulatory initiatives for the next 24 months. […]
Liquidity Stress Testing — Are You Ready?
On 2nd September 2019 ESMA issued their final report on the Guidelines on Liquidity Stress Testing (LST) in UCITS and AIFs. The report and its requirements come into effect on […]
WEBINAR: Discussion on the latest EMiR/MiFIR transaction reporting developments and best practices
Complyport is pleased to have presented our webinar held on 2 September 2020 held in conjunction with MAP Fintech, a member of Complyport’s Associate Programme. The webinar explored the latest […]
FCA Consultation on extending implementation deadlines for the Certification Regime and the Conduct Rules
The FCA is consulting on extending the deadlines by which FCA solo-regulated firms must have first assessed the fitness and propriety of their Certified Staff and for training staff in […]
New guidance to help firms do more for vulnerable consumers
The FCA has set out new best practice guidance for firms to do more to protect vulnerable consumers. More than 24 million people display one or more potential characteristics of vulnerability – […]
FCA seeks industry views on a new prudential regime for UK investment firms
The FCA published a discussion paper on a prudential regime for UK investment firms. The discussion paper sets out the technical details and the FCA’s views on the Investment Firm Directive (“IFD”) […]