Image of docks through cafeteria window.

Financial Services - Regulatory & Risk

Blog

Changes on the horizon - FCA consults on non-workplace pensions

Published on 22 February 2018. By Rachael Healey, Legal Director

Untinted 3

The FCA has issued a discussion paper targeted at the non-workplace pension market. The paper marks the start of the FCA's work looking at whether there is harm in the non-workplace pension market and to better understand the potential presence, nature, extent and cause of any harm.

Read more
Blog

Privilege: A welcome respite from ENRC?

Published on 05 February 2018. By Davina Given, Partner and Mafruhdha Miah, Trainee Solicitor

Green tint 2

Are interviews held with employees to prepare a report intended to deter a governmental authority from taking legal action privileged?

Read more
Blog

ESMA to use new powers to attack the sale of CFDs and binary bets to retail investors

Published on 25 January 2018. By Lucy Kerr, Associate

Gray tint 1

ESMA has launched a public consultation on measures to protect retail investors investing in contracts for difference (CFDs) and binary bets. Potential changes include wide-ranging restrictions on the marketing and sale of CFDs, and a complete prohibition on the sale of binary bets to retail investors. An intervention would mark ESMA's first use of its new powers under MiFID II, which came into force on 3 January.

Read more
Blog

FOS consultation on SME access to Ombudsman service

Published on 23 January 2018. By David Allinson, Senior Associate

Untinted 5

The FCA is currently consulting on proposed new rules to allow larger small and medium sized enterprises to refer complaints to the FOS.

Read more
Blog

The FCA pledges to take action against providers of contracts for difference

Published on 12 January 2018. By Lucy Kerr, Associate

Purple tint 2

The FCA has concluded that consumers are at "serious risk of harm" due to the poor practices of some providers and distributors of CFDs. The regulator will take further action against at least one firm in its latest crack-down on these "complex, high-risk" products.

Read more
Blog

Thoughts on the FCA's fund fee transparency proposals

Published on 11 January 2018. By James Kaufmann, Legal Director

Untinted 3

Alternative investment funds may soon be required to report total cost of ownership in a standardised form. Work on new templates in ongoing, and fund managers need to be aware of the situation and to be involved in this important debate that has so far been largely overlooked.

Read more
Blog

FCA revisits FSCS funding proposals, and abandons plans for significant changes to professional indemnity insurance requirements

Published on 01 November 2017. By Robert Morris, Partner

Untinted 3

The FCA has published a second consultation paper on the thorny subject of FSCS funding. Although not widely reported so far, the new consultation makes it clear that the FCA will not, after all, consult on significant changes to personal investment firms' professional indemnity insurance requirements.

Read more
Blog

FCA allows confidential report to be scrutinised by Treasury Select Committee

31 October 2017

Gray tint 3

The FCA has allowed the Treasury Select Committee to review its s.166 report into RBS' Global Restructuring Group (GRG) and has published an interim summary of the report. It is possible that the threat of publication will play on the minds of firms subject to s.166 reports, which may reduce cooperation with skilled persons and therefore the efficacy of this investigatory power.

Read more
Blog

The FCA makes clear its expectations of financial advisers

Published on 18 October 2017. By Charlotte Thompson, Associate

Untinted 3

FCA, regulatory, financial services

Read more
Blog

Are there dark clouds on the horizon for SIPP providers?

Published on 17 October 2017. By David Allinson, Senior Associate

Gray tint 3

According to Citywire, the FCA is poised to complete further supervisory work on the SIPP industry with a specific focus on non-standard investments. We understand that the FCA has questioned SIPP providers on the number of high risk investments they hold following a spate of complaints about such products in recent years.

Read more