FSR and Corporate Crime Notes

Cryptoassets and DLT: global stablecoins v CBDCs and the potential for private DLT to connect public payment systems

This article has also been published by the International Financial Law Review (IFLR). The payments sector is one of the fastest growing sectors within …

FCA publishes its Business Plan for 2020/21

ESMA proposes changes to MiFID II inducements and costs and charges disclosure regimes

On 1 April 2019 the European Securities and Markets Authority (ESMA) published its final report to the European Commission (EC) setting out its technical …

COVID-19: Governance: FCA and PRA publish statements on their expectations for regulated firms under SMCR (UK)

[This post was last updated on 11 May 2020 to reflect the latest FCA publication on SMCR for solo-regulated firms] The PRA and FCA have published two …

COVID-19: Webinar series: Legal perspectives for business

COVID-19 Governance: SFC extends deadline for data storage compliance (Hong Kong)

The Hong Kong Securities and Futures Commission (SFC) has extended its deadline for licensed corporations to confirm compliance with its new data storage …

COVID-19: Pressure Points: FCA issues 'Dear CEO' letter with update to retail firms (UK)

The Financial Conduct Authority (FCA) has issued a ‘Dear CEO’ letter (the letter) with an update on key issues in light of COVID-19 to firms providing …

The month ahead in financial services regulatory developments…

House of Lords EU Financial Affairs Sub-Committee reiterates importance of UK-EU relationship in financial services after Brexit

On 27 March 2020, the House of Lords EU Financial Affairs Sub-Committee published a letter from its Chair, Lord Sharkey, to the Chancellor of the …

HMT to retain Temporary Transitional Powers for UK Regulators for two years from 1 January 2021

It was confirmed yesterday by HM Treasury (HMT) in a statement to Parliament that it will retain the UK regulators’ “Temporary Transitional Power” (TTP), …

PRA and FCA publish guidance on key workers in financial services

On 19 March, the UK Government published guidance requesting that schools and other educational institutions provide limited care for children whose …

COVID-19: Short selling restrictions and other reporting developments in the EU

[This post was last updated on 16 April 2020 to reflect the extensions to the temporary bans on short selling by EU national regulators] SHORT SELLING …