Insights

3 February 2023 | UK & Europe

FCA sends Consumer Duty ‘Dear CEO’ letter to consumer investments firms

Less than a week after releasing the results of its Consumer Duty implementation plan review, the FCA has published a Dear CEO letter to firms in the consumer investments market.…

31 January 2023 | UK & Europe

Latest consultation clarifies MIFIDPRU reporting

The FCA’s quarterly consultation papers don’t always make the most exciting reading. But CP22/26 provided some clarity on changes to regulatory reporting and gave an interesting insight into the regulator’s…

30 January 2023 | UK & Europe

FCA flags Consumer Duty readiness concern

With six months until the final Consumer Duty deadline, the FCA expressed concern this week that some firms are behind in their planning. And only a third of investment firms…

28 January 2023 | Americas

Bloomberg fine emphasizes need for enhanced third-party due diligence

The SEC has settled charges against Bloomberg Finance LP for misleading disclosures relating to its paid subscription service, BVAL, which provides daily price valuations for fixed-income securities to financial services…

27 January 2023 | UK & Europe

View from the Chair: The Year of the Rabbit

“Hong Kong’s strengths as an international financial centre linking the Mainland and the rest of the world are primed to proliferate”, according to John Lee, Chief Executive of the Hong…

25 January 2023 | Asia

Record jail term for market manipulation in Singapore

At the end of a trial that spanned almost 200 days, John Soh Chee Wen and Quah Su-ling were convicted as masterminds behind the most serious case of market manipulation…

25 January 2023 | Asia

VCFM fund managers reminded of good practice

Following last year’s inspections of venture capital fund managers, the MAS has highlighted areas of best practice under the regime and reminded all fund managers to take note. The Venture…

24 January 2023 | Americas

SEC reminds investment advisers of rule requirements with new compliance targets

The SEC has issued a release reminding advisers of the importance of complying with the new marketing rule while answering some of the common questions. The SEC’s new marketing rule…

20 January 2023 | UK & Europe

The AI future is upon us but how can financial regulation adapt and learn?

The Bank of England, PRA and FCA recently combined forces to produce a discussion paper on the use and regulation of artificial intelligence (AI) and machine learning in financial services…

18 January 2023 | UK & Europe

CEO letter gives brokers six weeks to review controls

The FCA’s latest ‘Dear CEO’ letter warns wholesale brokers that risk management requires continual improvement in an increasingly risky market. The letter, sent on 11th January, details the FCA’s…

17 January 2023 | Asia

MAS proposes to apply Fair Dealing Guidelines to all

The MAS has issued a consultation regarding its Fair Dealing Guidelines which widens the scope of application to include “all products and services offered by financial institutions to their customers”.…

14 January 2023 | Americas

SEC’s Fall Rulemaking Agenda sets out ambitious program

Recovering from a technical malfunction last year regarding its online comment system, the SEC’s Fall Rulemaking agenda for 2022 includes an unusually high number of rule proposals. While the name…