ICARAs – the FCA’s observations (and therefore expectations)
In late November the FCA published their IFPR implementation observations concluding report which details the regulator’s findings on how firms are implementing the ICARA under IFPR. This most recent report builds on the FCA’s multi-firm review, which was published in February, and outlines good and poor practices, which should assist firms in identifying where their […]
The Private is the Professional – Fit, Proper and Individual Misconduct in the Regulated Sector.
In September, the Financial Conduct Authority (“FCA”) published its consultation paper, “Diversity and Inclusion in the financial sector – working together to drive change.” The main tenet of which is to establish a Diversity and Inclusion (“D&I”) framework for minimum D&I standards. Sticking to their commitment that regulation needs to be proportionate, the FCA’s proposed […]
Avoid the Rolling Bad Apples : Recruiting to Protect Culture
In the last couple of months, we have observed that the FCA have re-focused their efforts in encouraging regulated firms to ensure the right culture in their business. “Do the right thing” and “Cultural evolution: how culture must change” were the titles of 2 speeches, and that was just in June. Apart from the standard, much repeated headlines about […]
Paying for Research, Short Selling Reforms & End of UK PRIIPS: Momentum in UK Regulatory Reform
Prior to the approaching summer break, the past few weeks has seen fresh momentum in post Brexit U.K. regulatory reforms (aka the Future Regulatory Framework) with proposed changes to current rules on paying for research, short selling disclosures and the much maligned PRIIPs regime. In this short note we summarise the more significant of those […]
