With 29 March being only weeks away, the financial services industry is still waiting for a final answer – deal or no deal? Regardless of this, many financial services firms have already executed their Brexit contingency plans and in this briefing partners from the Norton Rose Fulbright LLP financial services team will discuss what they have been seeing in three key sectors: banks, buy-side and sell-side. In addition, we are pleased to be joined by…

The recording of our March webinar briefing on Brexit is now available. To access the recording, please click here. During the webinar our speakers focused on the following questions: Where are we at politically and how does the political overlay impact on firms practically? What are the possible outcomes (Deal, No Deal, Extension) and what does that mean practically for me? What if there is a deal? What do I need to do practically?…

As previously advertised, the monthly financial services breakfast briefing on Wednesday 6 March will take the form of a webinar rather than a seminar. The webinar will start at 9:00am and finish at 9:30am. The webinar will focus on Brexit, specifically our speakers will share their thoughts on the following questions: Where are we at politically and how does the political overlay impact on firms practically? What are the possible outcomes (Deal, No Deal, Extension)…

On 28 February 2019, the FCA, PRA and Bank of England (BoE) (collectively, the Regulators) published a number of policy documents following on from their Autumn 2018 consultations, on their respective approaches to a hard Brexit. FCA: Brexit Policy Statement: Feedback on CP18/28, CP18/29, CP18/34, CP18/36 and CP19/2 The FCA has provided its response to the feedback to its five Brexit consultations in one Policy Statement (Policy Statement 19/5: Brexit Policy Statement: Feedback on …

As the March 29 deadline looms large for the UK’s exit from the EU we are going to slightly deviate from the monthly 40 minute briefing format. The briefing on 6 March will take the form of a 30 minute webinar from 9:00am to 9:30am, in which our financial services partners will discuss what they are seeing in the market as regards firms’ preparations for Brexit and in particular focusing on: The pros and cons…

The webex recording of our February 40 minute briefing, Buy-side focus, is now available. To access the recording, please click here. To register for or access our Asset Management Regulation Hub referenced in the briefing, please click here. The Asset Management Regulation Hub is a free service in which you will find resources to help monitor the regulatory developments surrounding the AIFMD and UCITS Directive, including our new cross-border surveys. On the same…

Two years ago the FCA issued a statement regarding its supervisory intentions concerning whether an individual in charge of a firm’s legal function required approval under the Senior Managers’ and Certification Regime (SM&CR). Specifically, the statement was in response to firms asking the regulator how Senior Management Function 18 – Other Overall Responsibilities (SMF18) applies to the legal function. The FCA further considered this issue in September 2016 when it published Discussion Paper 16/4 (DP16/4).…