Treasury launches enforcement process review: Treasury has published a call for evidence on the institutional arrangements and processes the financial services regulators use to make enforcement decisions. It asks for views by 4 July on:

  • how cases are referred for enforcement investigation;
  • how FCA and PRA coordinate investigations and enforcement action;
  • the early settlement process;
  • the post-investigation administrative processes;
  • making representations to regulators; and
  • arrangements for referring cases to the Upper Tribunal.

The review will report to the Chancellor in the autumn. (Source: Treasury Launches Enforcement Process Review)

Treasury updates sanctions: Treasury has updated the sanctions lists in respect of Al-Qaida. (Source:Treasury Updates Sanctions)