Tag: Financial Conduct Authority
Notices: FCA freed to fire from the hip
The Supreme Court’s recent decision in FCA v Macris is likely to have a significant effect on the way that enforcement bodies draft, publish and craft their warnings and final enforcement notices. To begin, please consider the following scenarios: Scenario A: A notice is drafted that places blame with a particular set of individuals. The […]
FCA Legislation Update (PDU 17)
On 21 November 2014, the FCA published its policy development update for October 2014 (PDU 17) which details forthcoming FCA publications relating to a number of areas, as detailed below: Prudential Standards Initiative Current Expected Publication Date Previous Expected Publication Date (PDU 16) Recovery and Resolution Directive – PS to CP14/15 TBC December 2014 […]
Interest rate swap mis-selling: when there’s none left, is there (still) some more?
The Interest Rate Hedging Products (IRHPs) Review is almost completed, but it might be too early to finally draw a line on the interest rate mis-selling story. Since its official start in May 2013, nine banks reviewed altogether close to 30,000 sales of IRHPs. A significant amount of resources were devoted by the banks to […]
FCA Legislation Update (PDU 10)
On 11 February 2014, the FCA published its policy development update for January 2014 (PDU 10) which details forthcoming FCA publications relating to a number of areas, as detailed below: Business Standards Initiative Current Expected Publication Date Previous Expected Publication Date (PDU 9) Client Assets Review – PS to 13/5 Q 1/2 2014 Q 1/2 […]
FCA Publishes EMIR Factsheets
On 10 February 2014, the Financial Conduct Authority (FCA) published two factsheets relating to EMIR: EMIR reporting – is the industry ready? This is drafted for those looking to comply with the EMIR reporting obligation. It concludes that most firms will be reporting their derivatives contracts from the start date of 12 February 2014 and […]
FCA Legislation Update (PDU 8)
On 9 December 2013, the FCA published its policy development update for November 2013 (PDU 8) which details forthcoming FCA publications relating to a number of areas, as detailed below. High level standards Initiative Current Expected Publication Date Previous Expected Publication Date Recovery and Resolution Plans: policy statement to CP11/16 No reference within PDU 8 TBC (PDU […]
FCA Legislation Update (PDU 6)
On 4 October 2013, the FCA published its Policy development update for September 2013 (PDU 6) which details forthcoming FCA publications relating to a number of areas, as detailed below. High level standards Initiative Current Expected Publication Date Previous Expected Publication Date Recovery and Resolution Plans: policy statement to CP11/16 TBC Q3 2013 Policy statement […]
FCA Legislation Update (PDU 4)
On 2 August 2013, the FCA published its Policy development update for July 2013 (PDU 4) which details forthcoming FCA publications relating to a number of areas, as detailed below. High level standards Initiative Current Expected Publication Date Previous Expected Publication Date Recovery and Resolution Plans: policy statement to CP11/16 Q3 2013 Q2 2013 Policy […]
FCA Legislation Update
On 7 June 2013, the FCA published its Policy development update for June 2013 (PDU 2) which details forthcoming FCA publications relating to a number of areas, as detailed below. High level standards Initiative Current Expected Publication Date Previous Expected Publication Date Recovery and Resolution Plans: policy statement to CP11/16 Q2 2013 Q2 2013 Policy […]
FCA Update on RRP and CASS
On 26 April 2013, the FCA published Policy Development Update No 157. This summarises the anticipated publications dates for various pieces of regulatory guidance. Of note are the following: a policy statement (PS12/5) to CP11/16 on recovery and resolution plans, due for publication in Q2 2013; a policy statement to part 2 of CP12/22 on […]