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April Regulatory Update

By Rosie Bileva | Uncategorized | 0 Comments

Joint FCA and PRA statement Senior Managers and Certification Regime (SM&CR) and coronavirus (Covid-19): expectations of dual-regulated firms The statement reaffirms the expectation that firms directly affected by coronavirus will need to keep their governance arrangements under review. The obligation on firms to update and resubmit a Statements of Responsibilities (SoRs) if there are ‘significant […]

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FCA Business Plan 2020-21

By Rosie Bileva | News | 0 Comments

Overview The global economy faces massive challenges from coronavirus. The effects are expected to be profound and felt by millions of consumers and businesses. Against a fast-evolving environment, as the UK’s watchdog adapts to the long-term impact of coronavirus, it remains extremely important that their objectives are delivered. The regulator is focusing their resources on […]

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March Regulatory Update

By Rosie Bileva | Uncategorized | 0 Comments

Outsourcing in the life insurance sector FCA Published Findings from а review of outsourcing and third-party service providers The review is of interest to: life insurers who outsource key business functions outsourced service providers (OSPs) To ensure life insurers meet the requirements in the existing rules and guidance, they are encouraged to consider whether the […]

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February Regulatory Update

By Rosie Bileva | Uncategorized | 0 Comments

ESMA ISSUES OPINIONS ON POSITION LIMITS UNDER MIFID II The European Securities and Markets Authority (ESMA) published on 7th of February, seven opinions on position limits, regarding commodity derivatives under MiFID II/MiFIR.The opinions agree with the proposed position limits regarding: ICE Endex Dutch TTF Gas contracts; EEX Phelix DE Base Power contracts; EEX Capesize TC5 Freight contracts; […]

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