Is the UK’s Financial Services sector set for an upswing in complaints, claims and legal action?
by Simon Chapman — Associate Director, Head of Retail Services As the UK seemingly stumbles towards its exit from the EU, questions are being raised about how this will impact […]
ESMA sets out use of UK Data in ESMA databases under a No-Deal Brexit
On 5 February 2019, ESMA published a statement on the use of UK data in ESMA databases and the performance of MiFID II calculations under a no-deal Brexit. ESMA’s statement […]
Brexit — FCA’s expectations of firms
The Treasury has published legislation to give the UK financial regulators the power to make transitional provisions connected to changes to financial services legislation. If the UK leaves the EU […]
ESMA tells firms to provide clients with information on the implications of Brexit
ESMA issued a statement on 19 December 2018 to remind firms providing investment services of their obligations to provide clients with information on the implications of the United Kingdom’s withdrawal […]
ESMA is ready to review UK CCPs and CSDs recognition applications for a No-Deal Brexit scenario
ESMA published a Public Statement on 19 December 2018 to clarify its plans for the recognition of Central Counterparties established in the United Kingdom (“UK CCPs”) as Third Country CCPs […]
Complyport Brexit Update
On 25 November 2018, the EU Council of Ministers met in Brussels and agreed to the draft UK Withdrawal Agreement. The draft Withdrawal Agreement must now be ratified by the […]
Brexit: The Temporary Permissions Regime
The Temporary Permissions Regime (“TPR”) will enable relevant firms and funds which passport into the UK to continue operating in the UK if the passporting regime comes to an end […]
Maintaining Market Confidence – An Update on Brexit
Nausicca Delfas, Executive Director delivered a speech concerning the preparations being taken by the FCA prior to Brexit. Key points to note from the speech include: In line with the […]
Amendment to Level 2 requirements on depsoitaries of AIFS and UCITS
Two new regulations have been published amending the current Level 2 requirements on depositaries of Alternative Investment Funds (“AIFs”) and Undertakings for Collective Investments in Transferable Securities (“UCITS”) schemes. The […]
Brexit — HM Treasury publishes draft Statutory Instrument — MiFID
The European Union (Withdrawal) Act 2018 (EUWA) repeals the European Communities Act 1972 on the day the UK leaves the EU and converts into UK domestic law the existing body […]