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UK: The FCA, Bank of England and PRA issue their strategic approach to regulating AI in response to the government’s AI White Paper

The UK’s financial regulators have responded to the government’s White Paper on its approach to regulating the use of artificial intelligence and machine learning (AI)....

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Payments innovation: Bank of England signals more regulatory and infrastructure changes ahead

A speech by the Bank of England’s Deputy Governor for Financial Stability, Sarah Breeden, at the Innovate Finance Global Summit 2024, considered the implications of new technologies...

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UK: 10 things to note about the FCA and Bank of England Digital Securities Sandbox consultation

On 3 April 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) issued a consultation paper setting out the proposed approach to operating the Digital Securities...

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UK: 10 things to note about the FCA and Bank of England Digital Securities Sandbox consultation

On 3 April 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) issued a consultation paper setting out the proposed approach to operating the Digital Securities...

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UK: FCA finalises social media financial promotions guidance

The FCA finalised social media guidance in relation to financial promotions published on 26 March 2024 acknowledges that social media has become a central part of firms’ marketing...

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UK Consumer Duty: FCA gives more implementation feedback and some focus areas for closed books work

On 20 February 2024, the FCA published details of recent good practice in Consumer Duty implementation and highlighted areas for improvement. As well as this, the FCA also published the...

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UK: FCA Business Plan 2024/25: a quick guide to the FCA’s key priorities

On 19 March 2024, the FCA published its Business Plan for 2024/25 setting out its planned programme of work for the coming year. The FCA states that it remains resolute in supporting the...

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UK: FCA updates position on cryptoasset-backed Exchange Traded Notes

The FCA published a statement on 11 March 2024 setting out that it will not object to requests from Recognised Investment Exchanges (RIEs) to list cryptoasset-backed Exchange Traded Notes...

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EU: MiFIR Amendments prohibiting Payment for Order Flow (PFOF) will enter into force on 28 March 2024

On 8 March 2024, the final consolidated revised Markets in Financial Instruments Regulation (MiFIR) ((EU) 2024/791) and Markets in Financial Instruments Directive (MiFID II) (Directive (EU) ...

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