UK Financial Services Register

On January 18, the UK’s Financial Conduct Authority (FCA) published a statement reminding UK-authorized firms of their obligations to periodically review their regulatory permissions under Part 4A of the Financial Services and Markets Act 2000 to ensure they are up-to-date or otherwise removed where they are not needed (the Statement).
Continue Reading FCA Reminds UK Firms to Regularly Review Their Regulatory Permission

On October 28, the UK’s Financial Conduct Authority (FCA) published a policy statement on the extension of implementation deadlines for solo-regulated firms under the Senior Managers and Certification Regime (SM&CR) regarding the certification regime and conduct rules (the Policy Statement).

The deadlines extended in the Policy Statement from December 9, 2020 to March 31, 2021 by the FCA include:
Continue Reading FCA Extends SM&CR Deadlines and Confirms Publication Dates for SM&CR Directory Person Data

On October 12, the UK’s Financial Conduct Authority (FCA) updated its webpage on its directory of certified and assessed persons (the Directory) to clarify data submission requirements for solo-regulated firms under the Senior Managers and Certification Regime (SM&CR) (the Webpage).
Continue Reading FCA Updates Webpage on Its Directory of Certified and Assessed Persons

On July 27, the UK’s Financial Conduct Authority (FCA) launched its enhanced Financial Services Register (the Register) and published an accompanying statement.

The new Register aims to further protect consumers by making it easier for users to navigate and understand the information provided.
Continue Reading FCA Launches Enhanced Financial Services Register

Katten hosts a weekly, 15-minute fireside chat podcast series on notable UK and European developments from the prior week’s Corporate & Financial Weekly Digest. This week, Carolyn Jackson covers the Commodity Futures Trading Commission’s approval of the final cross-border swaps rule, including a discussion of the CFTC’s revised rules applicable to non-US swap dealers

On July 20, HM Treasury published a policy statement about changes it intends to make to the UK Financial Conduct Authority’s (FCA) process for cancelling firms’ authorizations.
Continue Reading HM Treasury Publishes Policy Statement on Intended Changes to FCA’s Cancellation of Authorization Process

On July 13, the UK Financial Conduct Authority (FCA) published a statement announcing that it will replace its existing financial services register with an enhanced financial services register on July 27 (the Statement).

In the Statement, the FCA also noted that it intends to add a directory of certified and assessed persons to the register

On September 3, the Financial Conduct Authority (FCA) published a press release in connection with its September 7 launch of a new and updated version of the UK Financial Services Register (the “Register”).

The release states that the aim of the new Register is to make it easier to find information on firms, individuals and other bodies that are, or have been, regulated by the FCA or the Prudential Regulation Authority (PRA).
Continue Reading FCA Launches New UK Financial Services Register