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1 month ago | 
openlegalblogarchive.org | Jonathan Herbst |Hannah Meakin |Katie Stephen |Matthew Gregory
On 25 March 2025, the Financial Conduct Authority (FCA) launched its new 5-year strategy for 2025-2030, which aims to deepen trust, rebalance risk, support growth and improve lives. The FCA’s strategy focuses on four priorities, which are intended to reinforce each other:Being a smarter regulator that is predictable, purposeful and proportionate, and improving its processes and embrace technology to become more efficient and effective.
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1 month ago | 
openlegalblogarchive.org | Jonathan Herbst
The UK has announced the abolition of the Payment Systems Regulator (PSR), as part of its efforts to cut red tape and drive economic growth. The move follows complaints from payment services firms that they were having to engage with three different regulators, costing them time, money and resource. The government has therefore proposed to consolidate the PSR, which looks after payment systems like Faster Payments and Mastercard, into the Financial Conduct Authority (FCA). Will anything change?
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2 months ago | 
openlegalblogarchive.org | Jonathan Herbst
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Feb 6, 2025 | 
mondaq.com | Jonathan Herbst |Hannah Meakin |Matthew Gregory |Katie Stephen
In this article we look at key regulatory topics for 2025 thatwill have a significant impact on institutions operating in the UKfinancial services space. We have not attempted to list everysingle reform expected this year but rather pick out the topreforms in both the wholesale and retail space, as well as the keyregulatory enforcement developments to be aware of.
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Nov 28, 2024 | 
mondaq.com | Jonathan Herbst |Hannah Meakin |Anita Edwards
In the latest Global Regulation Tomorrow Plus episode, Jonathan
Herbst, Hannah Meakin and Anita Edwards discuss some of the key
issues concerning the UK regime for payment for order flow.
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Nov 21, 2024 | 
mondaq.com | Jonathan Herbst
Regarding CP24/21 relating to investment research payment
optionality for fund managers, the punchline is that the FCA is
going to take the same line in liberalising the regime for fund
managers as it has for investment managers of segregated
portfolios. This will apply not just to unregulated AIFs or QIFs
but to retail UCITS as well.
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Nov 19, 2024 | 
mondaq.com | Jonathan Herbst
In her first Mansion House speech as chancellor, Rachel Reeves
announced proposed changes to the Financial Ombudsman Service,
including establishing clearer expectations on how they cooperate
with the FCA.
The proposed changes to streamline the Ombudsman process will be
widely welcomed in the industry.
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Nov 13, 2024 | 
mondaq.com | Jonathan Herbst
Market Watch 81 – The Twist In The Tail On Transaction Reporting The FCA's Market Watch 81 emphasizes rigorous governance in transaction reporting, urging firms to enhance documentation, balance internal expertise, and adopt dynamic controls to meet compliance expectations effectively. United Kingdom Finance and Banking On a first pass, Market Watch 81 might appear relativelyuncontroversial in giving feedback on the FCA's recent findingson transaction reporting.
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Aug 1, 2024 | 
mondaq.com | Jonathan Herbst
The aim of allowing smaller companies to raise money in London
by moving away from the old prospectus and listing regime is surely
laudable.
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Jul 18, 2024 | 
mondaq.com | Jonathan Herbst |Katie Stephen |Rebecca Dulieu |Simon Lovegrove
In the sixth podcast in our DE&I series, Jonathan Herbst,
Katie Stephen, Rebecca Dulieu and Simon Lovegrove discuss
non-financial misconduct including previous FCA enforcement action,
the FCA's proposals in CP23/20 and the practical steps that
firms can take in this area. The podcast is the first in a planned
mini-series that will focus on this complex and evolving topic.
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