Michael Ruck

1 week ago | mondaq.com | Michael Ruck |Rosie Naylor |Laura Scott

The United Kingdom's Financial Conduct Authority (FCA) hasannounced significant changes to its regulatory approach, includingdropping the obligation to "name and shame" firms underinvestigation, dropping the proposed "Diversity andInclusion" (D&I) requirements, and delaying the promisedreforms addressing non-financial conduct in financial services.

Jan 21, 2025 | natlawreview.com | Michael Ruck

In November 2024, the UK FCA released a Consultation which seeks to clarify its proposed approach to publicising ongoing enforcement action – dubbed the “name and shame” plan – and to assure the wider market of the plan’s benefits. Responses are due by 17 February 2025. The FCA has now proposed providing affected firms with 10 days’ notice before an announcement is made.

Jan 8, 2025 | natlawreview.com | Michael Ruck

Skip to main content January 08, 2025 Volume XV, Number 8 Legal Analysis. Expertly Written. Quickly Found.

Jan 8, 2025 | natlawreview.com | Michael Ruck

On 27 February 2024, the Financial Conduct Authority (FCA) published its Consultation Paper CP24/2, which revealed the FCA’s new intended approach to publicised enforcement action. This was quickly dubbed the “name and shame” plan, and experienced extensive resistance across the market.

Nov 18, 2024 | natlawreview.com | Michael Ruck

On 6 November 2024, the government released its much-anticipated guidance on the offence of failure to prevent fraud (the Guidance), as introduced by the Economic Crime and Corporate Transparency Act 2023 (the Act). Under the offence, corporates may be criminally liable where a person associated with the body corporate commits a fraud offence with the intention of directly or indirectly benefitting the company.