financial services regulation
The Upper Tribunal has delivered a stinging assessment of the Financial Conduct Authority’s conduct and approach in an important decision relating to three former employees of Julius Baer International Limited (JBI). Background The case involved Thomas Seiler, Louise Whitestone and Gustavo Raitzin, who had roles at JBI’s London branch between 2011 and 2015. JBI, a […]
In line with its three year strategy to set higher standards across the industry, the FCA is introducing a new gateway which will lead to stricter rules for approving and policing financial promotions. This comes just a year after the FCA introduced stricter rules on the advertisement of high-risk investments. The issuing of financial promotions […]
An increasingly common structure used in Private Funds (alongside other sectors) is the regulatory hosting model. However, the model has recently come under scrutiny from regulators, and decisions in the courts should also cause regulatory hosts and those using the models to be careful to ensure the structures and processes in place protect the fund […]
Sustainability Disclosure Requirements and investment labels: the UK’s take Summary The FCA has published its consultation on the Sustainability Disclosure Requirements (“SDR”) and investment labels for the UK market. The proposals would require UK asset managers making sustainability-related claims about their products to substantiate those claims. Read our full SDR & investment labels analysis here […]
The introduction of the Consumer Duty (the Duty) is the biggest regulatory shift in financial services in recent years, with a very tight timescale for implementation set out in the FCA’s policy statement of 28 July 2022 (PS 22/9). We have scrutinised each of the FCA’s consultations leading up to its final rules and engaged […]
The introduction of the Consumer Duty is the biggest regulatory shift in financial services in recent years, with a very tight timescale for implementation set out in the FCA’s policy statement of 28 July 2022 (PS 22/9). We have scrutinised each of the FCA’s consultations leading up to its final rules and engaged with clients […]
On 5 July 2021, the Financial Conduct Authority (FCA) launched a consultation (CP21/20) on its proposals for regulation of the pre-paid funeral plan sector. This follows the consultation that was launched earlier in March this year and is part of an extensive regulatory change in the pre-paid funeral plan market. Under the proposals, activities involving […]
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