Events listed in United Kingdom
Haiti Sanctions: guidance
ID 26587
The UK government has published an updated version of its Haiti sanctions guidance relating to sanction measures imposed on Haiti pursuant to the Haiti (Sanctions) Regulations 2022 (SI 2022/1281). With this guidance, the government aims to support firms in their efforts to comply with the instrument and related sanction provisions. The guidance thereby covers numerous issues, ranging from the purpose and scope of the ...
List of non-legal corrections and clarifications in the FCA Handbook
ID 26583
The Financial Conduct Authority (FCA) has published an updated version of its List of non-legal corrections and clarifications in the FCA Handbook which contains changes the regulator has recently made to its Handbook which were NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current ...
Duty calls: Future-proofing finance for everyone
ID 26578
The Financial Conduct Authority (FCA) has provided an update on its key achievements and milestones reached over the past year, highlighting a range of initiatives and actions aimed at improving consumer protection, tackling online harms, and promoting competition and positive change in the financial services sector. The key achievements and milestones are briefly described below; for all of them, please refer to the original ...
Transparency of land ownership involving trusts consultation
ID 26574
Various UK government agencies, including the Department for Levelling Up, Housing and Communities, the Department for Business and Trade (DBT), HM Treasury, and HM Revenue & Customs (HMRC) have launched a joint consultation on possible measures to improve transparency over real estate holdings by trusts, including REITs. Specifically, the consultation focuses on widening access to trust information held in the Register of Overseas Entities ...
Smarter regulation and the regulatory landscape
ID 26571
The Department for Business and Trade has informed of the extension of its call for evidence on the effectiveness of UK regulation and regulators which was launched in October 2023 and which was about to close on January 7, 2024. The extension applies until January 17, 2024, inclusive. To recall, the call for evidence followed the publication of a position paper in May 2023, ...
The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) ...
ID 26541
The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 were recently published on legislation.gov.uk, the official journal of the United Kingdom. As indicated in the title, the regulations make further consequential amendments to other regulations in an effort to transpose the provisions of the Retained EU Law (Revocation and Reform) Act (REUL Act) and path the way for an all ...
Correction Slip 1
ID 26537
On December 22, 2023, a correction slip to the new Money Laundering and Terrorist Financing (Amendment) Regulations 2023 as regards the treatment of a domestic politically exposed person (PEP) was published on legislation.gov.uk, the official UK platform for the publication of legal texts. The correction slip modifies the Explanatory Note, specifically the last paragraph of such, to read as follows – as quoted: “A ...
List of market makers and authorised primary dealers [pdf]
ID 26536
The Financial Conduct Authority (FCA) has published an updated list of UK authorized market makers and primary dealers pursuant to Article 17(13) of the retained EU Short Selling Regulation (UK SSR) which are exempt from short selling prohibitions in accordance with paragraph 1 or 3 of same regulation. A comparison with the previous list reveals that SPIRE EUROPE LIMITED (SPIRGB21) has been replaced by ...
Reporting information to OFSI – what to do
ID 26488
The HM Treasury and Office of Financial Sanctions Implementation (OFSI) have published a new version of their UK FINANCIAL SANCTIONS Guidance: Reporting information to OFSI – what to do. This guidance was initially published in 2017 to provide firms with guidance on the reporting to the OFSI as regards suspected (illicit) activities or other actions that mandate such reporting (i.e. transfer from or to ...
Financial sanctions targets: list of all asset freeze targets
ID 26473
Following the publication of new sanction measures, a new consolidated version of the list containing the names of ALL parties currently subject to asset freezing measures in the UK as of December 21, 2023 was published by the Office of Financial Sanctions Implementation of the HM Treasury.