Financial services regulation updates

The FCA has introduced a range of targeted temporary measures that are aimed at helping consumers through this difficult period

On 15 April, the FCA published a Dear CEO Letter focussing specifically on conduct in relation to business interruption ('BI') insurance

On 9 April 2020, ESMA published a public statement on actions to mitigate the impact of COVID-19 on the deadlines for publication of periodic reports by fund managers

On 7 April, the FCA published its Business Plan for 2020/21. In this vlog we summarise the key takeaways

In its guidance, the FCA explains its deferral of the final suite of ROR remedies and sets out how firms should support consumers seeking to access to pension savings during the pandemic

The FCA has published a Statement of Policy which aims to clarify the position for companies seeking to raise new share capital whilst maintaining an appropriate level of investor protection

The FCA has published new guidance on how firms can avoid making personal recommendations when notifying customers of the implications of realising their investments in light of Coronavirus

The FCA has published on its website that it will delay the implementation of the new rules in PS19/29

The page summarises some of the queries on CASS compliance related to the current disruption caused by coronavirus (COVID-19) it has received, and its position on the issues raised

On 3 April, the FCA published a statement setting out its expectations of solo-regulated firms in relation to the Senior Managers and Certification Regime ('SM&CR') in light of COVID-19

On 3 April 2020, the FCA and PRA published a statement setting out their expectations of dual-regulated firms in relation to the Senior Managers and Certification Regime (SM&CR), in light of COVID-19

On 1 April, the FATF issued a statement by its President on COVID-19 and measures to combat illicit financing