Financial services: Regulation tomorrow

Tracks financial services regulatory developments and provides insight and commentary

Subscribe
Visit Blog
By: Norton Rose Fulbright

Blog Authors

Adam Lovett (UK)
Adam Sanitt (UK)
Adriaan Louw (ZA)
Adrian Shedden (UK)
Alan Bainbridge (UK)
Albert Weatherill (UK)
Alex Shattock (UK)
Alina Rotari (UK)
Ananda Radhakrishnan (US)
Andia Petropoulos
Andreas Börner (DE)
Andrew Lom (US)
Andrew Reeves (UK)
Andrew Wellsted
Aneesa Bodiat
Angela Savin (UK)
Angus Jamieson
anisa.balfas
Anka Langedijk
Anke Langedijk
Anna Skubikowski Aguilera (US)
Anna Biegelsen (US)
Anna Carrier (BE)
Anna Gamvros (HK)
Anna Tipping (SG)
Anushka Herath
Ashford Nyatsumba
Aslam Moosajee (ZA)
Barbara Li (CN)
Beau Leong
Ben Allen
Benedicte Denis (FR)
Ben Smits (AU)
Beth Duff (BE)
Bob Haken (UK)
Boris Segalis (US)
Bridget King
Candy Lau
Cate Shirley
Catherine Blake (UK)
Catherine Pluck (UK)
Catrina Smith (UK)
Cece Baute Mavico
Charles Ancer
Charles Morris
Charlotte Henry (UK)
Chloe Fryer
Chris Bates (UK)
Christina Edward
Christina Lorenz (DE)
Christina Tang
Christine Rodrigues
Christopher Cash (US)
Christoph Ritzer (DE)
Claire O'Donnell (UK)
Claire Seitzman (US)
Claudine Salameh
Colin Rice (SG)
Con Boulougouris
Conor Foley (UK)
Corinna Baltzer
Dale Rayner
Daniel Leslie (CA)
David Ellis
David Barrett (US)
David de Roos (NL)
Davide Barzilai (UK)
David Harris (UK)
David Lee
David Shearer (UK)
Davy Thai
Debbie Harris
Desiree Reddy (ZA)
Dexter Tan (SG)
Dominic Stuttaford (UK)
Donald Dinnie
Edward Kim
Edward Lewis (US)
Edward Malcolm (UK)
Edward Odendaal (AU)
Egbe Manton
Egbe Osakue
Elisabeth Bremner (UK)
Emile Goldman
Emma Coles
Emma de Ronde (HK)
Emma Forbes (UK)
Erica Leaman
Erik Penz
Esther Yee
Etelka Bogardi (HK)
Eva-Maria Barbosa (DE)
Fadi Khoury
Fiona Millington (UK)
Floortje Nagelkerke (NL)
Gavin Punia
Gerard Twomey
Gigi Cheah (SG)
Graeme Mackay (HK)
Grant Vingoe
Hamish McNair
Hannah Maher
Hannah Meakin (UK)
Hazel Brasington
Heather Irvine
Helen Taylor (AU)
Hong Sun (CN)
Ian Giles (UK)
Ilana Beth Sinkin
Imogen Garner (UK)
Iona Wright (UK)
Ivan Yau (AU)
Jack Kelly (UK)
Jack Prettejohn (UK)
James De Szell (AU)
James Ford (UK)
James Morris (AU)
James Parker (HK)
James Thomas (UK)
Jamie Brazier
Jamie Gray
Jamie Greenwood
Jane Clayton (AE)
Jason Lewis (US)
Jason van Dijk (ZA)
Jay Modrall (BE)
Jeremy Devereux
Jeffrey Sherman
Jennifer Cutting
Jeremy Lua (SG)
Jeremy Tan (SG)
Joachim Gölz
Jochen Vester (UK)
Joe Bamford (UK)
Joeri Noteborn
John Davison
John Jason
John Moutsopoulos (AU)
John Teolis (CA)
Jon Ammons
Jonathan Franklin (US)
Jonathan Herbst (UK)
Jon Ireland (AU)
Joseph Williams (US)
Josie Collyer
Judy Harrison (UK)
Julia Massa (US)
Justine Krajewski
Justin Long (US)
Justin Malherbe (ZA)
Kaleem Khan
Karina Prajoga
Karren Mo
Kate Langley (UK)
Kathleen Scott (US)
Kathryn Emmett (UK)
Kathryn Whybourne
Kathy MacDonald (UK)
Katia Mengel
Katie Stephen (UK)
Katrin Scheicht
Keith Mukami (ZA)
Kennedy Masterton-Smith
Kenneth Gray (UK)
Kerri Crawford (ZA)
Kevin Harnisch (US)
Kim Caine (US)
Kirsten Hunt
Kyle Schindler (US)
Lance Roderick
Lara Wolters
Laura Hodgson (UK)
Laura Simonds (AU)
Lauren Bittman
Lillian Chau
Lillian Forero (US)
Lisa Lee Lewis (UK)
Livia Li (UK)
Louise Campion
Lucy Dodson
Ludger C. Verfürth
Luke Rodgers
Lynn Yang (CN)
Magdalene Teo-Yong
Malibuye Cossie (ZA)
Manfred Dietrich (LU)
Marc Duquette (CA)
Marelise van der Westhuizen (ZA)
Marie-Thérèse Eugénio
Marina Sherer (HK)
Mark Chalmers
Mark Simpson (UK)
Markus Müller (DE)
Martin Klemmer
Martin Krause (DE)
Matthew Clark
Matthew Ellis
Matthew Farnsworth (AU)
Matthew Gregory
Matthew Jones
Maxine Smith
Michael Bunn (CA)
Michael Born (DE)
Michael Loesch (US)
Michael Yuffee
Mike Keeley (US)
Mitchell Mathas
My Linh Pham (AU)
Neil O’May (UK)
Nerushka Bowan
Nicholas Berry (UK)
Nicholas Wilson (HK)
Nick Abrahams (AU)
Nick Grandage (UK)
Nick Wiesener
Nicola Birney (UK)
Nicolò Juvara
Nikki Bentley (AU)
Nikolai de Koning (NL)
Nilofar Zimmerman
Nilu De Silva
Norton Rose Fulbright
Ntombentsha Odolo
Dr. Nuncio D'Angelo (AU)
Osman Sacarcelik
Patrick Bracher (ZA)
Patrick Dolan (US)
Paul Sumilas (US)
Peggy Heeg
Peter Haslam (HK)
Peter Norman
Peter Scott (UK)
Peter Snowdon (UK)
Peter Surtees
Pietro Altomani (IT)
Psyche Tai (HK)
Qing Hua Song
Rachael Browndorf (US)
Rachel McDonnell (UK)
Rachel Xia
Ralf Koschmieder (DE)
Ray Giblett
Raynold Tlhavani (ZA)
Rebecca Oliver (UK)
Riccardo Petersen (ZA)
Richard Calnan (UK)
Richard J. Charney (CA)
Richard Potomac (US)
Richard Sheen (UK)
Rich Fagerer
Riley Gay (AU)
Roberto Cristofolini (FR)
Roberto Pagliarulo (UK)
Rob Otty (UK)
Rohan Isaacs (ZA)
Ronald Smith (US)
Rosalind Lake
Ruby Kwok (HK)
Rüdiger Litten
Ruth Cowley (UK)
Ryan Apar (US)
Ryan Norfolk (US)
Salvatore Iannitti (IT)
Sam Eastwood (UK)
Sameena Hussain (UK)
Sam Mead
Sandra Sithole (ZA)
Sarah Todd (UK)
Sascha Graham
Sean Murphy (UK)
Sharissa Ellyn
Shawn Barnett (ZA)
Sheela Moorthy (SG)
Simon Lovegrove (UK)
Sabine Kimmich
Sonya Zywko (UK)
Stella Cramer (SG)
Stephen Dollar (US)
Stephen McNabb (US)
Steven Gamble (ZA)
Steven Howard (US)
Stuart Neely (UK)
Susan Ross (US)
Sven Jacobs (DE)
Tara Mokijewski
Tatum Govender
Terence Lau (HK)
Terry Arbit
Tessa Hoser
Thilo Danz
Thomasz Rogalski (PL)
Timothy Chan
Thomas Hubbard (UK)
Tom Wong
Ai Tong (CN)
Tunde Fasoyiro (UK)
Victoria Birch (UK)
Victoria Vilagosh (AU)
Victor Kandampully
Vittorio Casamento (AU)
Yi Wang (CN)
Wilson Ang (SG)
Winnie Chan (HK)
Zaida Kathrada (ZA)
Zein El Hassan (AU)

Latest from Financial services: Regulation tomorrow

Over the last few months, US economic sanctions have taken the front pages as the Trump Administration has reinstated certain sanctions aimed at Iran following the United States withdrawal from the Joint Comprehensive Plan of Action (“JCPOA”). While the so-called “snapback” reinstated sanctions provisions increase the risk for non-US companies, recent enforcement actions against non-US companies demonstrate that such companies have always been at risk of violating the US sanctions laws.…
On 7 December 2018, the FCA published Consultation Paper 18/39: Quarterly Consultation No. 23 (CP18/39). In CP18/39 the FCA seeks views from interested stakeholders about whether or not it should recognise the FX Global Code (August 2018) and the UK Money Markets Code (April 2017). The FCA also proposes a number of changes to its Firm Details reporting form in  rule 16.10 of the Supervision Manual (SUP 16.10), to ensure compliance and increase in accuracy…
On 7 December 2018, the FCA updated its policy development webpage with details of recent publications it has issued, as well as upcoming publications. Upcoming publications by the FCA include: a policy statement on general standards and communication rules for the payment services and e-money sectors; a policy statement on the FCA’s approach to final regulatory technical standards and EBA guidelines under the revised Payment Services Directive; a paper on recovering the costs of regulating…
On 7 December 2018, HM Treasury published an updated draft of the  Collective Investment Scheme (Amendment etc) (EU Exit) Regulations 2018 together with explanatory information. The Regulations appear to have no changes from draft published on 8 October 2018 (our blog on which can be found here). The Regulations are yet to be laid before Parliament.…
On 7 December 2018, there was published on legislation.gov.uk the  Short Selling (Amendment) (EU Exit) Regulations 2018 together with an explanatory memorandum. The Regulations appear to have no changes from previous draft published on 10 October 2018 (our blog on which can be found here) and have now been made. The Regulations will enter into force on exit day.…
On 7 December 2018, there was published on legislation.gov.uk the  Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 together with an explanatory memorandum. The Regulations appear to have no changes from the draft laid before Parliament on 6 November 2018 (our blog on which can be found here) and have now been made. The Regulations will enter into force on exit day.…
On 7 December 2018, there was published on legislation.gov.uk the  Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 together with an explanatory memorandum. The Regulations appear to have no changes from the draft published on 31 October 2018 (our blog on which can be found here) and have now been made. The Regulations will enter into force on exit day.…
On 10 December 2018, the European Court of Justice (ECJ) delivered the judgment for the case of Wightman and Others v Secretary of State for Exiting the European Union (C-621/18), finding that the UK is free to revoke unilaterally the notification of its intention to withdraw from the EU. On 3 October 2018, the Scottish Court of Session referred to the ECJ (having been approved by the UK Supreme Court), for a preliminary ruling, the…
On 7 December 2018, the Financial Action Task Force (FATF) published the results of its assessment of the UK’s anti-money laundering and counter terrorist financing (AML/CTF) regime.  The assessment was a comprehensive review of the effectiveness of the UK’s measures and their level of compliance with the FATF Recommendations. Key findings from the FATF’s assessment are: the UK has a robust understanding of its money laundering (ML) and terrorist financing (TF) risks which is reflected…
On 7 December 2018, the European Commission published an evaluation roadmap for the Distance Marketing of Financial Services Directive. The evaluation will assess whether the Directive’s original objectives have been achieved, how the Directive is functioning from a cost-benefits and burden reduction perspective and how the Directive works together with other legislation in the field of retail financial services, consumer protection and data protection. A public consultation questionnaire will be made available in all EU…