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Financial Services - Regulatory & Risk

Blog

Peer review: FCA signals tighter regulation for P2P lending platforms

Published on 03 January 2017. By Matthew Wood, Associate

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The FCA has indicated its intention to apply more stringent regulation to the UK's booming peer-to-peer lending sector, amid concerns that increasingly sophisticated lending platforms are outgrowing the current regulatory regime.

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Blog

ECON scrutinises EBA's approach to RTS under PSD2

19 December 2016

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The EBA Chair has recently appeared before ECON to explain the EBA's approach to the development of RTS on strong customer authentication and secure communications under PSD2, and to answer concerns raised by the committee and others about these RTS.

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Blog

Who is going to pay? FCA launches consultation on the funding of the FSCS

Published on 16 December 2016. By Lucy Joyce, Associate

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The FCA's consultation follows on from FAMR and focuses on how the FSCS should be funded going forward.

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Blog

FCA identifies concerns with PI cover for general insurance intermediaries

07 December 2016

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The FCA has announced the results of a review into general insurance intermediaries' professional indemnity insurance. The FCA found sufficient breadth in the market, but also identified some significant concerns about the cover firms had purchased.

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Blog

FCA consults about delaying disclosure of inside information

01 December 2016

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The FCA has issued a consultation on amendments it proposes to make to the Disclosure and Transparency Rules section of the FCA Handbook. The FCA proposes to make these amendments to make the FCA Handbook consistent with ESMA's guidelines on delay in the disclosure of inside information.

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Publication

FCA market study findings

Published on 30 November 2016. By Anthony Shatz, Partner

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One year on from the FCA’s launch of its market study in November 2015 on the asset management sector, the regulator’s interim findings suggest there is more to be done to achieve effective competition. It has also proposed some interim remedies, on which it seeks feedback by 20 February 2017.

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Blog

Third Party Rights and the SMR and SIMR: the regulators' Achilles' heel?

Published on 26 October 2016. By Louisa Innes-Wilkin, Associate

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The FCA has recently gone to the Supreme Court in an attempt to overturn a significant ruling in relation to third party rights. This could have profound effects on the enforcement of SMR and SIMR.

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Blog

Scrapping of secondary annuity markets – a backpedalling on Pension Reforms?

Published on 20 October 2016. By Matthew Watson, Associate

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In a further nail in the coffin of the Cameron-Osborne legacy the government announced this week that it would be scrapping one of George Osborne's flagship proposed reforms to the pensions market – a proposed secondary market for annuities.

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Blog

NEDs to be subject to FCA's Code of Conduct

05 October 2016

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The FCA has announced plans to extend the application of the Code of Conduct Sourcebook to standard NEDs in banks and insurers. These changes will apply to all NEDs in regulated financial services from 2018

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Blog

Brexit - A brief update on investment funds

Published on 22 September 2016. By Anthony Shatz, Partner

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RPC facilitates conversations between a number of private equity fund sponsors and the BVCA

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