The EU Commission has reminded firms of the urgent need to complete all contingency planning ahead of the end of the Brexit Transitional Period on 31 December, drawing their attention to documents first published in July 2020. The Commission’s guidance for financial...
In its latest Regulation round-up, the FCA included a brief summation of the current state of play in the Supreme Court’s appeal hearing on the Business Interruption test case, now concluded. It noted that Lord Reed recognised the importance of an early judgment for...
With less than three weeks left until the Brexit transition period ends at 11pm on New Year’s Eve, The Office of Financial Sanctions Implementation (OFSI) has highlighted upcoming changes to the UK sanctions framework. This OFSI blog explains what firms need to know,...
The Competition and Markets Authority (CMA) has issued updated advice to government on the design and implementation of the UK’s new pro-competition regime for digital markets. The CMA believes the dominance of a few major players in the digital market impacts...
Among the topics included in the FCA’s latest Quarterly Consultation Paper, just published, is a proposed increase of around 4% in the minimum levels of professional indemnity insurance (PII) firms must hold. The proposed increases would bring the FCA Handbook’s...
Following the FCA’s decision to require insurance firms to offer renewing home and motor policyholders a price no higher than equivalent new customers, the regulator is engaging with affected firms to work through the implications of the radical intervention it’s...
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