Fri, Aug 14, 2020
Regulatory Focus – July 2020
In this edition of Regulatory Focus, Duff & Phelps’ compliance experts round up the news from the UK and European regulatory authorities, summarize recent enforcement actions, and highlight a proposed change to the U.S. Securities and Exchange Commission (SEC) rules on Form 13f, which could lead to a significant increase in the reporting threshold for institutional investment managers.
Executive Summary
Aug 14, 2020
ESMA Promotes Convergence in the Supervision of Costs in UCITS and AIFS
Jun 04, 2020
FG20/1: Assessing Adequate Financial Resources
Jun 11, 2020
EBA Guidelines of ICT and Security Risk Management
Jun 25, 2020
UK Enforcement Actions
Jun 26, 2020
FCA's Executive Director of Supervision – Investment, Wholesale and Specialists Delivered Speech at PIMFA’s Virtual Festival
Jun 03, 2020
ESMA Updates
Jul 02, 2020
FCA Sets Out Next Steps to Improve DB Pension Transfer Market
Jun 05, 2020
Inside FCA Podcast: Chris Woolard Interview
Jun 10, 2020
Delayed Application of the Open Access Regime for the Trading and Clearing of Exchange-traded Derivatives
Jun 11, 2020
FCA’s New Data Collection Platform – Regdata
Jun 22, 2020
FCA Planned Amendments to the Benchmarks Regulation
Jun 23, 2020
SEC Proposes Amendments to Update Form 13F for Institutional Investment Managers
Jul 13, 2020
- View all articles
Voice
Fake Financial Services Register
Please note that the Financial Conduct Authority (FCA) released a statement on June 11, 2020 drawing attention to an attempt by scammers to reproduce its Financial Services Register. It confirmed it was working to have the website taken down and has alerted members of the public on its website and through social media.
In its statement, it signposted its ‘Fake FCA emails, letters and phone calls’ page that outlines a number of fraudulent activities and how to spot them.
A link to the FCA article can be found here.
FCA Appoints a New CEO
Nikhil Rathi has been appointed as the new Chief Executive of the FCA and is expected to take up his role in the Autumn. He is currently the CEO of the London Stock Exchange and has previously worked in HM Treasury. The announcement from the FCA can be viewed here.
Supervision
ESMA Promotes Convergence in the Supervision of Costs in UCITS and AIFS
FG20/1: Assessing Adequate Financial Resources
EBA Guidelines of ICT and Security Risk Management
Enforcement
FCA Fines Bank Over Anti-Money Laundering Failures
FCA to Make Mini-Bond Marketing Ban Permanent
FCA Publicly Censures a Firm for Market Abuse
Other News
FCA Sets Out Next Steps to Improve DB Pension Transfer Market
Inside FCA Podcast – Chris Woolard Interview
FCA’s New Data Collection Platform – RegData
FCA Planned Amendments to the Benchmarks Regulation
Extension of the SM&CR Implementation Periods for Solo-Regulated Firms
The SEC Proposes Amendments to Update Form 13F for Institutional Investment Managers
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