Key developments in September 2024:
30 September:
Digital Securities Sandbox: The Bank of England and the Financial Conduct Authority (“FCA”) published a joint policy statement (PS24/12), final guidance and other materials setting
Key developments in August 2024:
Overseas Funds Regime: The FCA updated its webpage on the overseas funds regime to confirm that it will open the gateway to new schemes on 30 September 2024.
Introduction
On 30 July 2024, the United Kingdom Financial Conduct Authority (“FCA”) published a number of updates in relation to its work on complaints against motor finance firms.
In particular, the FCA published an update announcement on its website and a consultation paper (CP24/15) (the “Consultation Paper”), on a potential extension
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.