The UK Finance Disputes and Regulatory Investigations Blog, published by Squire Patton Boggs, focuses on legal developments and practical issues in financial disputes and regulatory investigations within the UK. It covers topics such as digital asset property rights, financial crime risk assessments, consumer finance litigation, and cross-border enforcement of judgments. The blog analyzes legislative changes, regulatory reviews, and significant court decisions affecting financial services firms, investors, and consumers. It also addresses compliance challenges, enforcement strategies, and the evolving regulatory landscape impacting finance, capital markets, and fintech sectors.
While trading frenzies are as old as the markets themselves, the novelty of widespread retail trading in obscure US stocks fueled by Reddit chat forums has prompted recent interventions by regulators on both sides of the Atlantic.
Unfortunately the FCA’s…
Last month, the FCA launched its Defined Benefit Advice Assessment Tool (“DBAAT”) as part of its strategy to reduce harm to consumers and improve the suitability of defined benefit (“DB”) transfer advice. The tool will help firms to understand precisely…
What is SFDR?
The SFDR is part of the European Commission’s package of reforms to implement its sustainable finance strategy. The strategy focuses on three areas:
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The Financial Conduct Authority (the “FCA”) has published a ‘Dear CEO’ letter to insurers following the recent decision made in the Supreme Court test case on non-physical damage business interruption (“BI”) insurance. The FCA is determined to make the next…
The Financial Conduct Authority’s (“FCA”) test case on non-physical damage business interruption (“BI”) insurance has been the focal point for policyholders suffering from BI financial losses as a result of Covid-19.…
The Financial Reporting Council (FRC) has just published the outcome of new research into the approach that Audit Committee Chairs (ACCs) take to audit quality. The findings suggest inconsistency among ACCs on what constitutes audit quality, and how it should…
At the end of last week, the FCA announced that it had commenced a consultation exercise on a piece of draft guidance it has prepared to assist policyholders, insurers and insurance intermediaries to prove the presence or otherwise of COVID-19…
The Director of Strategy at the Financial Conduct Authority (FCA), Richard Monks, recently spoke on the increasing appetite for Environmental Social Governance (ESG) focused financial products and building trust in sustainable investments.…
Last week, the Financial Conduct Authority (FCA) and the Financial Ombudsman Service (FOS) released correspondence in which the FCA sought reassurance from the FOS in relation to how it intends to handle complaints about financial firms during the COVID-19 pandemic.…
The FCA has just updated on the work that it had stopped or postponed in order to allow it to focus on the more urgent work that has been required of the regulator as a result of the Covid-19 pandemic…
