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2 weeks ago | 
openlegalblogarchive.org | Nicola Higgs |Rob Moulton |Jonathan Ritson-Candler
The proposals aim to make the UK regime more proportionate and suggest different rulesapplying to hedge funds, venture capital firms, and private equity houses.
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2 weeks ago | 
jdsupra.com | Nicola Higgs |Rob Moulton |Jonathan Ritson-Candler
The proposals aim to make the UK regime more proportionate and suggest different rules applying to hedge funds, venture capital firms, and private equity houses.
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1 month ago | 
lexology.com | Rob Moulton |Nicola Higgs |Becky Critchley |Anna James |Charlotte Collins
The regulators have said they will not pursue their proposals on announcing enforcement investigations and on D&I. On 12 March 2025, the FCA and PRA made important announcements regarding the long-awaited outcomes on certain key policy proposals. The FCA published a letter addressed to the Treasury Select Committee and accompanying statement, while the PRA also published a letter to the Treasury Select Committee.
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1 month ago | 
lexology.com | Rob Moulton |Nicola Higgs |Becky Critchley |Charlotte Collins
The regulator found many examples of good practice, but also published further guidance and case studies to help firms address areas for improvement. On 7 March 2025, the FCA published findings from its review of firms’ treatment of vulnerable customers, along with new examples of good practice and areas for improvement. The regulator then ran an event on 11 March to discuss these findings.
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1 month ago | 
openlegalblogarchive.org | Rob Moulton |Nicola Higgs |Becky Critchley |Charlotte Collins
A review of fund and portfolio managers found a number of good practices, but also revealed the need for improvement in areas such as conflict management. By Rob Moulton, Nicola Higgs, Becky Critchley, and Charlotte CollinsOn 5 March 2025, the FCA published the findings from its review of private market valuation practices.
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1 month ago | 
lexology.com | Rob Moulton |Nicola Higgs |Becky Critchley |Charlotte Collins
A review of fund and portfolio managers found a number of good practices, but also revealed the need for improvement in areas such as conflict management. On 5 March 2025, the FCA published the findings from its review of private market valuation practices. The FCA undertook this review due to the growing importance of private markets and concerns that robust valuation practices need to be implemented to ensure trust and confidence in these markets.
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1 month ago | 
lexology.com | Rob Moulton |Nicola Higgs |Becky Critchley |Charlotte Collins
Speech focuses on the regulatory change agenda, and confirms that firms are no longer expected to have a Consumer Duty board champion. On 27 February 2025, the FCA published a speech given by Nikhil Rathi, in which he talks about the FCA’s efforts to support the government’s growth agenda. This follows a difficult few months for the regulator, in which it has come under increasing pressure from the government and individual Parliamentary groups and committees, from various angles.
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Jan 9, 2025 | 
jdsupra.com | Becky Critchley |Nicola Higgs |Rob Moulton
January 9, 2025
Becky Critchley, Nicola Higgs, Rob Moulton
Latham & Watkins LLP
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In this publication, we explore some of the core focus areas for UK-regulated financial service firms in the year ahead.
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Dec 20, 2024 | 
jdsupra.com | Rob Moulton
The proposals aim to drive more consistency in operational incident reporting and greater visibility in the use of material third-party services. On 13 December 2024, the FCA and the PRA published linked Consultation Papers on operational incident and third-party reporting (FCA CP24/28 and PRA CP17/24). The consultations aim to create a structured framework for financial services firms to report operational incidents and material third-party relationships.
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Nov 25, 2024 | 
jdsupra.com | Becky Critchley |Rob Moulton
IT teams will want to contribute to the debate over the FCA’s proposed changes, which could introduce additional complexities and lead to major IT costs for firms. On 15 November 2024, the FCA issued a Discussion Paper on improving the UK transaction reporting regime (DP24/2). The FCA receives seven billion transaction reports a year on 20 million different reportable financial instruments, and firms find submitting such reports accurately a difficult, costly, and time-consuming task.
