Financial services weekly highlights

FCA latest October 2019 policy development update

Leave a Comment / Financial services weekly highlights / By Tyler Woollard

The Financial Conduct Authority (FCA) has published its latest policy development update, current as of 4 October 2019. The policy development update provides some information on the FCA’s recent and upcoming publications, but should not be regarded as comprehensive. The update notes that the following publications were issued recently: CP19/27: Quarterly Consultation Paper No 25 Handbook …

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The Financial Conduct Authority consults on changes to guidance for closed-ended investment funds

The Financial Conduct Authority (FCA) has issued a guidance consultation (GC19/4) on changes that it proposes to make to the Knowledge Base, its repository of non-handbook commentary that has the status of formal FCA guidance. The FCA proposes to amend its existing technical note on master-feeder structures (FCA/TN/409.1) and add a new technical note on …

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The EU presidency issues note on strategic AML/CFT priorities

Leave a Comment / Financial Crime, Financial services weekly highlights / By Tyler Woollard

The Council of the European Union has published a presidency issues note on the EU’s strategic priorities on anti-money laundering and countering the financing of terrorism (AML/CFT), ahead of the ECOFIN meeting on 10 October 2019. The report highlights a number of issues to be addressed, including: differentiated implementation, with wide national discretion in framing …

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ESMA updates MiFID II/MiFIR transparency and market structures Q&As

Leave a Comment / Financial services weekly highlights / By Tyler Woollard

The European Securities and Markets Authority (ESMA) has updated its Q&As on transparency and market structures issues under the Market in Financial Instruments Directive (EU) 2014/65/EU (MiFID II) and Regulation (EU) 600/2014 (MiFIR). Source: https://www.esma.europa.eu/press-news/esma-news/esma-updates-mifid-ii-qas-transparency-and-market-structures-issues

FCA publishes PS19/25: Overdraft pricing and competition remedies

Leave a Comment / Financial services weekly highlights / By Tyler Woollard

The Financial Conduct Authority (FCA) has published policy statement PS19/25: Overdraft pricing and competition remedies. This follows the FCA’s publication of the Overdraft pricing policy statement (PS19/16), which made rule changes to the way banks and building societies charge for overdrafts; the FCA’s consultation paper CP19/18, which set out the FCA’s proposals on further rules relating …

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