| UK & Europe | Publications
NEWSLETTER: I am delighted to be bringing you our UK newsletter after almost a month into my new CEO role, and so far I am loving every minute.
The hot news this week was the confirmation from the FCA of their plans to introduce the new Consumer Duty, setting out the far-reaching regulatory package which puts achieving fair outcomes for the consumer front and centre of financial regulation, and more of a focus on fair outcomes.
It is the culmination of literally years of work, but our assessment is that many firms still have a lot of work to do to achieve compliance with the proposed new rules, despite the now extended and staggered implementation deadlines. We’ll be hosting a webinar in September, which you can sign up to join if you haven’t already.
Meanwhile, regulatory response to the crypto assets sector is one we are keeping a close eye on globally, and the bold action taken by the SEC to file a case against insider trading in crypto assets is newsworthy, and acts as an important warning to both perpetrators and practitioners. Our US article provides a great insight into some of the key points, including that the litigation asserts that the crypto tokens were “securities” and the compliance issues to consider.
Finally our Founder & Executive Chair has launched his monthly ‘View from the Chair’, kicking off with a column on the highly topical UK Financial Services and Markets Bill and the responsibility that comes with greater powers.
Chief Executive Officer
Preparing for the FCA’s new Consumer Duty
| UK & Europe | Online
With the breadth of the FCA’s latest policy statement cutting across all aspects of the distribution chain, many firms have a sizeable task ahead of them to prepare for the…