News
Market abuse surveillance: How to get it right
27 June 2022
Identifying and reporting instances of potential market abuse is required under the Market Abuse Regulation ('MAR'). A firm must have effective arrangements, systems and...
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Insights and Analysis
Focusing on enforcement - insights from the FCA's Strategy 2022-25 and Business Plan 2022-23
20 May 2022
Last month, the Financial Conduct Authority (FCA) published its Strategy 2022 to 2025, in which it set out its vision and ambitions for the next three years, together with its Business Plan ...
Insights and Analysis
Oh, Behave: the Regulation of Financial Conduct and Individual Accountability in Singapore and the UK
29 July 2021
In September 2021, approximately five years after the UK's introduction of its Senior Managers and Certification Regime, Singapore's Guidelines on Individual Accountability and...
Insights and Analysis
FCA enforcement: what can we draw from last year’s activity and what lies ahead?
01 December 2020
In September 2020, the Financial Conduct Authority (FCA) published its Annual Report and Accounts 2019/20, which looks back at the FCA’s work over the 12 months to 31 March...
Insights and Analysis
European Court of Justice gives guidance on validity of consumer waiver relating to an unfair term
10 September 2020
In the recent case of XZ v Ibercaja Banco SA (Case C-452(18) EU:C:2020:536 (9 July 2020)), the Spanish Court requested a preliminary ruling from the European Court of Justice (the...
Insights and Analysis
Marex v Sevilleja – The Supreme Court narrows the scope of the "reflective loss" principle
04 August 2020
The decision in Marex v Sevilleja [2020] UKSC 31 gives much needed clarity on the scope of the "reflective loss" principle, with the Court unanimously finding that the principle...
News
FCA's new Business Plan prioritises areas of most potential harm amid COVID-19 challenges
08 April 2020
In its 2020/21 Business Plan, the FCA states its aim to move towards a regulatory approach that's increasingly focused on end outcomes for consumers, markets and firms. The Business...
Insights and Analysis
UK Supreme Court upholds first breach of Quincecare duty
12 November 2019
At the end of last month, the Supreme Court gave judgment in Singularis Holdings Limited (In Official Liquidation) v Daiwa Capital Markets Europe Ltd[1].This is the first case in which a...
Insights and Analysis
Diversity and culture, and the FCA’s approach to non-financial misconduct
30 September 2019
Over recent months, the FCA has been sending out a clear message to the financial services industry: diversity is no longer a “nice to have” but a “commercial...
