Key developments in July 2024:
Consumer Duty: The FCA published a speech by Sheldon Mills, FCA Executive Director of Consumers and Competition, on the Consumer Duty, which is now in force across
Key developments in June 2024:
PRIIPs Regulation: The Joint Committee of the European Supervisory Authorities (“ESAs”) published an updated version of its Q&As (JC 2023 22) on the Key Information
Key developments in May 2024:
ESG: The Financial Conduct Authority (“FCA”) updated its webpage on the sustainability disclosure requirements (“SDR”) and investments labelling regime. Among other things, the
Key developments in April 2024:
Financial Markets Infrastructure: The Bank of England published a speech by Sasha Mills, Executive Director, Financial Market Infrastructure, on operational resilience and its expectations of financial market
Key developments in March 2024:
FCA Regulation Round-up: The FCA published its regulation round-up for March 2024.
AIFMD II: Directive (EU) 2024/927 amending the Alternative Investment Fund Managers Directive
Key developments in February 2024:
FCA Regulation Round‑up: The UK Financial Conduct Authority (“FCA”) published its regulation round‑up for February 2024.
LIBOR: The FCA published a report containing the outcome of
Following the turn of the new year, our UK Regulatory specialists have examined the key regulatory developments in 2024 impacting a range of UK and European firms within the financial services sector. The key dates have been distilled by the Proskauer team in an easy to read timeline with our commentary.
Key developments in December 2023:
UK / Swiss Regulatory Co-operation: The UK and Swiss governments signed an agreement on mutual recognition in financial services, the Berne Financial Services Agreement.
SME Test: The delegated
Key developments in November 2023:
Costs and Charges Disclosure: The Financial Conduct Authority (“FCA”) published a statement in response to concerns about costs and charges disclosure in the PRIIPs key
Key developments in October 2023:
Fund Tokenisation: The Financial Conduct Authority (“FCA”) published a press release announcing that it has joined the Monetary Authority of Singapore’s Project Guardian, a