FCA POLICY STATEMENT PS22/11: IMPROVEMENTS TO THE APPOINTED REPRESENTATIVE REGIME (THE “AR REGIME”)
FCA POLICY STATEMENT PS22/11: IMPROVEMENTS TO THE APPOINTED REPRESENTATIVE REGIME (THE “AR REGIME”) WHAT DO THE NEW RULES COVER AND WHEN WILL THEY BE COMING INTO EFFECT? On 4 August 2022, the FCA released Policy Statement PS22/11: Improvements to the...
FCA strengthens consumer protection by speeding up removal of firms that do not use their regulatory permission.
Date: 31/05/2022 Overview: In line with its ‘use it or lose it’ initiative, the FCA has obtained new powers to expedite the process of cancelling or changing what regulated firms are permitted to do; these are known as permissions. In...
FCA introduces new charge for Form A applications under SM&CR
FCA introduces new charge for Form A applications under SM&CR The FCA will now charge £250 for the submissions of standalone Long Form A applications for both Senior Manager Functions and Controlled Functions for Appointed Representatives. With effect from 27th...
Strengthening of Appointed Representative Regime
The FCA has launched a consultation on improving the appointed representatives regime and tackling harm from this model. An appointed representative (AR) is a firm or person who carries on a regulated activity on behalf, and under the responsibility of,...
Overview of Proposals in the AIFMD Draft Proposal
Below is a high level overview of anticipated proposals contained within the AIFMD Draft Proposal announcement. These proposals will be scrutinized by the European Council and the European Parliament before implementation into law. The objective of these proposals is to...
Overview of Anticipated Proposals for Change to AIFMD
Overview of Anticipated Proposals in the AIFMD Draft Proposal Below is a high level overview of anticipated proposals contained within the upcoming AIFMD Draft Proposal announcement. This document is for Brooklands internal reference. Delegation No significant changes are planned for...
FCA Guidance on Remote Working
Latest FCA Guidance on Remote or Hybrid Working Expectations for Firms What is the subject of the FCA Guidance and why has it been issued? On the 11th October 2021 the FCA issued guidance on the standards expected of...
HM Treasury Consultation Paper proposes amendments to MiFID II
UK Treasury Announcement Indicates Preference Towards Attracting Business by Loosing of Regulatory Requirements as opposed to Maintaining Equivalence with The European Regulatory Infrastructure What Have the UK Treasury Announced? HM Treasury have released a Consultation Paper, the Wholesale Markets...