The month of July saw a suite of regulatory and industry updates following the start of a new financial year. Notably, ASIC announced assistance for unlisted companies and issued its report on its enforcement and regulatory actions. It also announced
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
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UK Jurisdiction taskforce publishes a public consultation on the issuance and transfer of digital securities under English private law
On 8 August 2022, the UK Jurisdiction Taskforce published a public consultation on the issuance and transfer of digital securities under English private law.
In November 2018, the UK Jurisdiction Taskforce published its Legal Settlement on the Status of Cryptoassets…
EBA consults on draft RTS on the determination by originator institutions of the exposure value of SES in securitisations
On 9 August 2022, the European Banking Authority launched a public consultation on its draft regulatory technical standards (RTS) on the determination by originator institutions of the exposure value of synthetic excess spread (SES) in securitisations. The draft RTS have…
House of Commons Research briefing on the future of local banking services and access to cash
On 9 August 2022, the House of Commons published a research briefing on the future of local banking services and access to cash. The research briefing provides an overview of the policy relating to the closure of bank and building…
FCA portfolio letter on the Alternatives Supervisory Strategy
On 9 August 2022, the FCA published a portfolio letter on its Alternatives Supervisory Strategy.
The letter outlines the FCA’s updated supervisory strategy and priorities for firms within its ‘Alternatives’ portfolio together with firms that are predominantly active in the…
New RT Plus podcast – Beyond Sanctions – Key updates
The sixth instalment of our Beyond Sanctions podcast series is now available to stream and download on Apple Podcasts and Spotify.
In this episode, David Harris, Co-Head of our Contentious Financial Services Group in London, discusses some recent developments…
New podcasts on the Financial Services and Markets Bill
In the latest episodes of our Regulation Tomorrow podcasts:
- Jonathan Herbst and Hannah Meakin provide a high-level overview of the Financial Services and Markets Bill which was introduced on the 20 July 2022 (Apple podcasts / Spotify).
- Jonathan
…
BoE releases Policy Statement on responses to CP3/22 ‘Occasional Consultation Paper’
On 8 August 2022, the Prudential Regulation Authority (PRA) published Policy Statement 7/22 ‘Responses to CP3/22 Occasional Consultation Paper’ (PS7/22). In PS7/22 the PRA sets out its final policy and rules following Consultation Paper 3/22 ‘Occasional Consultation Paper’ (CP3/22).
Earlier…
FCA appoints new Director of International
On 5 August 2022, the Financial Conduct Authority (FCA) announced the appointment of Ruairi O’Connell, OBE, as the new Director of International.
Ruairi will join the FCA from the Home Office where he is Director, International. Ruairi has extensive experience…
FCA publishes Consultation Paper on calculating redress for non-compliant pension transfer advice
On 2 August 2022, the Financial Conduct Authority (FCA) published Consultation Paper 22/15 ‘Calculating redress for non-compliant pension transfer advice’ (CP22/15).
In CP22/15 the FCA is proposing to set up a redress scheme for people who transferred out of the…