Rachel McDonnell (UK)

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Connect: Read more about Rachel McDonnell (UK)
Firm/Organization: Norton Rose Fulbright
Blogs: Financial services: Regulation tomorrow

Latest Articles

On 8 March 2019, the FCA confirmed that from 1 April 2019 the Financial Ombudsman Service’s (FOS) current £150,000 award limit will change to: £350,000 for complaints about actions or omissions by firms on or after 1 April 2019; and £160,000 for complaints about acts of omissions by firms before 1 April 2019, and which are referred to the FOS after that date. In addition, from 1 April 2020, both award limits will be adjusted…
On 21 February 2019, the FCA fined two asset management firms for breach of competition law.  No fine was imposed on the other asset management firm, Newton Investment Management Limited (Newton), as it had been given immunity under the competition leniency programme.  This decision followed the FCA’s announcement on 4 February 2019 that it had fined Paul Stephany, a former fund manager at Newton, £32,200 for his conduct in relation to an Initial Public Offering…
On 22 June 2017, the Financial Guidance and Claims Bill (the Bill) was introduced in the House of Lords.  Since then it has passed through its first and second readings and proceeded to committee stage on 6 September 2017.  The Bill follows an independent review led by Carol Brady in 2016, which recommended that regulatory responsibility for claims management companies (CMCs) be transferred from the Ministry of Justice’s Claims Management Regulation Unit to the Financial…