New Survey of Financial Services firms: 63% do not believe Government has done enough to resolve “equivalence issue” with EU
New Survey of Financial Services firms: 63% do not believe Government has done enough to resolve “equivalence issue” with EU Growing disquiet from financial services towards the Government at the […]
Brexit — The Temporary Permissions Regime (“TPR”) — A Reminder
In the event of a no-deal Brexit, reciprocal market access would no longer be available through the passporting arrangements between the EU and the UK for firms and investment funds. […]
Brexit — FCA Statement on share trading obligations
The FCA has issued the following statement in response to ESMA’s statement of share trading obligations under MiFID II: “The EU MiFID II and on-shored UK MiFID regimes both have […]
Brexit — PRA and FCA agree Memorandum of Understanding with the European Banking Authority
The Prudential Regulation Authority, the Financial Conduct Authority (FCA) and European Banking Authority (EBA) have announced that they have agreed a template Memorandum of Understanding (MoU). The template sets out […]
Brexit — FCA statement on various MiFID obligations and benchmarks regulation if the UK leaves the EU without a transition period
Following ESMA’s statement clarifying its approach to aspects of the MiFID position limits regime, post-trade transparency requirements, derivatives trading obligations and benchmarks regulation, the FCA has published a statement setting […]
Brexit — FCA to introduce UK Benchmarks Register
The FCA has said that in its plans to prepare for a range of outcomes in relation to Brexit, including the UK leaving the EU without a transition period, it […]
FCA releases updated guidance on EU departure preparations
The FCA has published updated information to help support regulated firms in finalising their preparations for the UK leaving the EU. The FCA is urging firms to ensure they are […]
FCA Brexit Briefings
The FCA is hosting two briefings for regulated firms in preparation for Brexit. These are taking place in London and Edinburgh with live webcasts being shown. Details of how to […]
FCA Brexit Policy Statement and Transitional Directions
The FCA has agreed MoUs with ESMA and EU regulators. The FCA has published Policy Statement 19/5 (PS19/5) in which it gives feedback to various consultation papers in relation to […]
FCA Statements of Policy on the operation of the MiFID transparency regime
The MiFID transparency regime uses trading data from the UK and the EU. It currently operates by ESMA validating data on trading across the EU and performing various calculations to […]