Events listed in United Kingdom
Financial sanctions, Russia
ID 26471
The Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of Russia’s action to destabilize Ukraine and threatening the sovereignty and independence of the country pursuant to Statutory Instrument SI 2019/855, the „Russia (Sanctions) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its ...
The Pensions Dashboards (Prohibition of Indemnification) Act 2023 (Commencement) ...
ID 26469
The new Pensions Dashboards (Prohibition of Indemnification) Act 2023 (Commencement) Regulations 2023 was published on legislation.gov.uk, the official website of the UK government for publicizing legal documents. The regulations bring into force Section 1 of the Pensions Dashboards (Prohibition of Indemnification) Act 2023 which includes provisions as regards the indemnification for fines or civil penalties from assets of a pension scheme. Specifically, Section 1 ...
UK financial sanctions guidance
ID 26458
The HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated various guidances as regards (financial) sanctions, including the following: 1. the General guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018 which provides basic information on UK’s financial sanction framework and supports firms in their efforts to comply with current rules and regulations in that regard. It covers numerous issues, ...
The Bank of England’s approach to statutory notice decisions for use of its ...
ID 26454
The Bank of England has launched a consultation on a proposed new statement of policy outlining its approach to the use of its requirements powers, which are utilized to ensure financial stability and achieve statutory objectives. This policy would clarify the procedures followed by the Bank in exercising its requirements power which enables the Bank to compel entities to take or refrain from or ...
CP23/31: Primary Markets Effectiveness Review: Feedback to CP23/10 and detailed ...
ID 26437
The Financial Conduct Authority, FCA, has issued a combined feedback statement and a new consultation on a proposed new listing regime in the UK and enhanced requirements of sponsors of issuing firms (new sponsoring regime). The paper comes in response to a consultation (CP23/10) that was launched in May 2023 (EventID 21064), in which the FCA presented some high level preliminary policy proposals on ...
FCA 2023/42: Data Reporting Services (Amendment) Instrument 2023
ID 26428
In view of the announced framework for a UK consolidated tape (please see EventID 24578 in this context), the Financial Conduct Authority (FCA) has published a new instrument (FCA 2023/42) to implement a first set of corresponding rules in the FCA Handbook. Specifically, this new instrument modifies the Glossary of definitions, the Senior Management Arrangements, Systems and Controls sourcebook (SYSC), the Conduct of Business ...
Further update to ancillary activities exemption for commodity derivatives ...
ID 26426
The Financial Conduct Authority, FCA, has published a follow-up statement to provide a further update on the market share test that is required by firms engaged in commodity derivatives trading to determine whether or not registration as a MiFID investment firm is needed, that is whether or not they can (continue to) rely on the ancillary activities exemption pursuant to [Article 2 of the ...
MAR 9.2A Consolidated tape providers MAR 9.2B Operating requirements MAR 9.2C ...
ID 26425
The Financial Conduct Authority (FCA) has updated its Handbook to implement first provisions for the introduction of a UK consolidated tape (please see EventID 24578 in this context for more information). Specifically, the FCA has inserted the following new Market Conduct Sourcebook provisions which will be effective on April 5, 2024: – MAR 9.2A Consolidated tape providers – MAR 9.2B Operating requirements – [MAR ...
FCA 2023/43: Technical Standards (Authorisation, Organisational Requirements and ...
ID 26423
The FCA has issued a new Instrument (FCA 2023/43) as regards the revocation of two technical standards in relation to data reporting services providers (DRSPs) that were retained by the UK following its exit from the EU. This move comes in an effort to repeal all retained EU legislation (REUL) in accordance with the Retained EU Law (Revocation and Reform) Act 2023 and to ...
CP23/33: The framework for a UK consolidated tape
ID 26420
The Financial Conduct Authority (FCA) has published a combined policy statement and consultation paper in relation to the introduction of a consolidated tape (CT) in the UK. As stated in the corresponding initial consultation paper (CP15/23) (EventID 22066), the aim of the CT is to improve availability and quality of market (trading) data while enhancing transparency and reducing overall market data costs, primarily by ...