Imogen Garner (UK)

Firm/Organization: Norton Rose Fulbright

Blogs: Financial services: Regulation tomorrow

Latest Articles

FCA Dear CEO letter to financial advisers on asset management supervision strategy

By Iona Wright (UK) & Imogen Garner (UK)

January 23, 2020

On 20 January 2020, the FCA published a Dear CEO letter to asset managers setting out the key areas of harm asset managers pose to their customers and markets in which they operate. Overall, the FCA has observed that standards of governance, particularly at the level of the regulated entity, generally fall below its expectations. The FCA’s supervision strategy addressing those key areas are set out below: liquidity management. Where the FCA identifies potential liquidity…

Financial services: Regulation tomorrow

February 40 minute briefing seminar: Managing your relationship with the regulators

By Jonathan Herbst (UK), Hannah Meakin (UK), Imogen Garner (UK), Katie Stephen (UK), John Coley (UK) & Lisa Lee Lewis (UK)

January 20, 2020

Our extended 40 minute briefing on 5 February 2020 will be a practical workshop involving lawyers and compliance professionals leading roundtable discussions that provide insight into the FCA’s and PRA’s approach to the scenarios set out below and the good and poor practices they have observed from firms: Managing the supervisory relationship on a business-as-usual basis across a regulatory lifecycle; Skilled Person reviews: Common pitfalls to consider and their impact on firms; and Enforcement: Key…

Financial services: Regulation tomorrow

GFiN report on cross-border testing pilot lessons learned

By Hannah Meakin (UK) & Imogen Garner (UK)

January 17, 2020

On 16 January 2020, the Global Financial Innovation Network (GFiN) published a report on the lessons learned on the cross-border testing pilot. The GFiN was created to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale and test new ideas. It also created a new means of co-operation between financial services regulators to work on innovation-related topics, sharing different experiences and approaches.…

Financial services: Regulation tomorrow

Watch now: global asset management regulation webinar series

By Simon Lovegrove (UK), Martin Krause (DE) & Imogen Garner (UK)

January 15, 2020

The recordings from our global asset management regulation webinar series are now available to watch on demand. In this series, our financial services team explored the key issues and requirements firms should be considering when looking to launch an overseas fund in Europe, Asia Pacific, the United States and Canada. Watch now: The AIFMD re-examined European Member State domestic regimes An update on developments in Asia Pacific Regulatory issues regarding fund formation in the United …

Financial services: Regulation tomorrow

New webinar recording – What’s in store for financial services firms in 2020?

By Jonathan Herbst (UK), Imogen Garner (UK), Hannah Meakin (UK), Katie Stephen (UK), Albert Weatherill (UK), Matthew Gregory (UK), John Coley (UK) & Lisa Lee Lewis (UK)

January 10, 2020

The recording from our latest 40 minute briefing webinar is now available. In this webinar our London team provides their views on what 2020 will bring to the following sectors: Market infrastructure; Asset management; Wholesale and retail banking; and FinTech, open banking and payments. The webinar concludes with some thoughts on key trends from an investigations and enforcement perspective. The webinar can be accessed here (register first, and it should play automatically).…

Financial services: Regulation tomorrow

January 40 minute briefing webinar: What’s in store for financial services firms in 2020?

By Jonathan Herbst (UK), Imogen Garner (UK), Hannah Meakin (UK), Katie Stephen (UK), Albert Weatherill (UK), Matthew Gregory (UK), John Coley (UK) & Lisa Lee Lewis (UK)

January 6, 2020

Our 40 minute briefing on 8 January 2020 will be a webinar and will focus on what 2020 has in store for financial services firms. Further information on the webinar can be found here. Online attendance only – please do not come to our offices.…

Financial services: Regulation tomorrow

New global asset management regulation webinar: The use of Canadian investment funds by non-Canadian managers

By Michael Bunn (CA) & Imogen Garner (UK)

January 6, 2020

In our latest asset management regulatory webinar, Michael Bunn discusses the use of Canadian investment funds by non-Canadian managers, including types of Canadian investment funds; structuring considerations; and the regulation of Canadian funds. Previous webinars in our global asset management regulation series can be found on our Asset Management Regulation hub located on the NRF Institute.…

Financial services: Regulation tomorrow

ESMA report on issuers’ use of APMs

By Imogen Garner (UK) & Iona Wright (UK)

January 6, 2020

On 20 December 2019, the European Securities and Markets Authority (ESMA) published a report on EU issuers’ use of alternative performance measures (APMs) and their compliance with the ESMA APM guidelines. The report highlights that the use of APMs is widespread in all sectors and within all regulated documents. Significant diversity exists in the number and type of APMs used, as well as in their labels and definitions. ESMA calls on issuers to improve their…

Financial services: Regulation tomorrow

EU technical expert group on sustainable finance handbook on climate benchmarks and ESG disclosures

By Imogen Garner (UK)

December 23, 2019

On 20 December 2019, the EU technical expert group on sustainable finance (TEG) published a handbook on climate benchmarks and benchmarks’ environmental, social and governance (ESG) disclosures (the Handbook). The Handbook has been produced in response to frequently asked questions that the TEG encountered when presenting the EU Climate Transition Benchmark, the EU Paris Aligned Benchmark, and the benchmarks’ disclosure guidance on ESG issues. The Handbook provides a clarification on the 7% Reduction Trajectory and…

Financial services: Regulation tomorrow

AFME, FIA, ICMA, ISDA and ISLA publish Master Regulatory Reporting Agreement

By Imogen Garner (UK) & Hannah Meakin (UK)

December 20, 2019

On 19 December 2019, the Association of Financial Markets in Europe, Futures Industry Association, International Capital Market Association, International Swaps and Derivatives Association, Inc. and International Securities Lending Association co-published a new agreement intended to simplify reporting across different EU regulatory regimes. The Master Regulatory Reporting Agreement gives market participants an option to use a single template to help them manage regulatory obligations and provide services related to reporting under the European Market Infrastructure Regulation…

Imogen Garner (UK)

FCA Dear CEO letter to financial advisers on asset management supervision strategy

February 40 minute briefing seminar: Managing your relationship with the regulators

GFiN report on cross-border testing pilot lessons learned

Watch now: global asset management regulation webinar series

New webinar recording – What’s in store for financial services firms in 2020?

January 40 minute briefing webinar: What’s in store for financial services firms in 2020?

New global asset management regulation webinar: The use of Canadian investment funds by non-Canadian managers

ESMA report on issuers’ use of APMs

EU technical expert group on sustainable finance handbook on climate benchmarks and ESG disclosures

AFME, FIA, ICMA, ISDA and ISLA publish Master Regulatory Reporting Agreement

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