by Emma Cleveland | 2017-03-22 | Industry News
In 2015/2016 The Financial Services Compensation Scheme (“FSCS”) paid out £271m in compensation to consumers and received over 46,000 new claims. Firms from across the financial services industry pay levies to fund both the FSCS’s operating costs and the compensation...
by Emma Cleveland | 2017-03-16 | Industry News
The FCA is expected to consult in early Q2 2017 on guidance and Handbook rule changes to implement the PSD2. The original Payment Services Directive (“PSD”) was introduced in 2007 and was implemented in the UK in 2009 through the Payment Services Regulations (“PSRs”)....
by Emma Cleveland | 2017-03-15 | Our Thinking
HM Treasury has published its Policy Statement (“Statement”) regarding the transposition of MiFID II. The Statement follows HM Treasury’s earlier Consultation Paper that was published in March 2015. The Statement contains a summary of the responses submitted...
by Emma Cleveland | 2017-03-10 | Industry News
The FCA has recently published a letter that applies to firms that operate loan-based crowdfunding platforms, to warn them that their lending activities could be a breach of FSMA and may be a criminal offence. Applicable firms It warns that any firm who lends money...
by Emma Cleveland | 2017-03-08 | Industry News
One of the FCA’s many objectives is to ensure that markets function well and subsequently that the UK’s primary markets remain effective. This consultation paper (the “CP”) sets out the FCA’s proposals to enhance certain aspects of the Listing Rules sourcebook (the...
