In late 2024, the United Kingdom’s Financial Conduct Authority (FCA) published a “Dear CEO” letter related to the FCA’s “Custody and Fund Services Supervision Strategy.”
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UK Enforcement Agencies Crack Down on Financial Crime Control Failures, Sanctions Violations
On 2 October 2024, the FCA issued a final notice announcing it had fined digital challenger bank Starling Bank Limited £28,959,426 for financial crime and
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UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms
The UK Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding requirements for UK registered payments and e-money firms (CP24/20). The FCA’s goal
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Updating and Improving the UK Asset Management Regime: An FCA Discussion Paper
The UK’s Financial Conduct Authority (FCA) released a Discussion Paper (DP23/2: Updating and improving the UK regime for asset management) in February 2023
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5 Trends to Watch: 2023 UK Contentious Financial Regulation
1. Non-financial misconduct – FCA guidance expected
It is anticipated that in 2023 the Financial Conduct Authority (FCA) will provide further guidance on the increasingly
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FCA Publishes Final Rules for Reform of the Appointed Representative Sector
The UK Appointed Representative Regime (ARR) enables certain businesses – Appointed Representatives (ARs) – to conduct UK-regulated activities without having to be authorised by the
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The UK Payment Systems Regulator’s First Five-Year Strategy Plan
The UK Payment Systems Regulator (PSR) has published its first formal five-year strategy. The Strategy centres on four priorities: 1) access to and choice of
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LIBOR Transition Newsletter – Issue 3
Welcome to the third issue of Greenberg Traurig’s LIBOR Transition Newsletter, where we provide updates, analysis, and occasional commentary on the latest developments relating to
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FCA Receives Thousands of Insider Dealing Tip-Offs From Financial Services Firms; Few Investigations Opened
Figures provided by the UK’s Financial Conduct Authority (FCA) show that in spite of the thousands of tip-offs on insider dealing it receives from banks
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The Financial Conduct Authority – Part 2 – Criminal & Civil Insider Dealing
In a February 2019 speech, the FCA’s Director of Market Oversight, Julia Hoggett, said the following:
The life blood of all well-functioning markets is the
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