On 29 May 2019, the FCA and PRA announced that they had fined an independent UK bank for failing to manage its outsourcing arrangements properly
The decision gives market participants some helpful indications as to what kinds of information sharing the FCA considers are legitimate, both in the
On 23 January 2019, the FCA published a Consultation Paper (CP194) concerning further amendments to the Senior Managers and Certification Regime
The FCA found that, despite firms being aware of the rules and taking compliance seriously, firms are not interpreting the rules consistently
The FCA has highlighted areas in which transitional relief will not be granted in a no-deal scenario. Firms need to prepare now to comply with
The FCA is proposing to exclude the Head of Legal from the scope of the Senior Managers Regime.
The FCA acknowledges that the scope of the Client Dealing Function needs to be clarified, and will consult on changes to its rules.
Under the Temporary Permissions Regime (TPR), the FCA intends to apply the Senior Managers and Certification Regime (SMCR) and the Approved Persons
The FCA has published TR183, setting out the findings from its thematic review of the anti-money laundering (AML) and counter-terrorist financing
As part of its ongoing Digital Currencies inquiry, the House of Commons Treasury Committee (the Committee) has published a report on crypto-assets