19 Nov, 2024 Bank of England drafts fundamental rules for financial market infrastructure By James Morris Simon Treacy In a consultation the Bank of England proposes requiring UK financial market infrastructure to meet 10 new Fundamental Rules. The rules...
15 Nov, 2024 Shaping resilience: the UK’s new blueprint for critical third parties to the financial sector By Declan Mcloughlin Simon Treacy Duncan Campbell Newly finalised rules on the regulation of critical third parties (CTPs) will soon add a new dimension to the UK’s operational resilience...
23 Oct, 2024 AI-washing – the latest developments and how to mitigate the risk By Duncan Campbell As AI rapidly develops, it brings with it the risk that firms might be accused of ‘AI-washing’: ‘overselling’ their AI’s capabilities,...
25 Sep, 2024 Payments firms face stricter safeguarding standards By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy Richard Hay Sam Quicke +5 more... Show less The Financial Conduct Authority has set out its stall to strengthen safeguarding rules for payments and e-money firms. Firms will need to...
02 Aug, 2024 A changing landscape: Bank of England’s approach to innovation in money and payments By Simon Treacy Against the backdrop of a rapidly evolving payments landscape, the Bank of England has launched a discussion paper on how it should...
13 Nov, 2023 FCA sets crypto marketing guidance: Did I make myself clear (and fair, and not misleading)? By Simon Treacy James Morris Snapshot:FCA finalises its guidance on cryptoasset marketing to help crypto firms comply with the new regime.FCA expects firms promoting...
02 Nov, 2023 UK updates cryptoasset regulation plans: Government promises legislation in 2024 By Simon Treacy The government has responded to its consultation on a future regulatory regime for cryptoassets. In general the government intends to...
25 Sep, 2023 FCA's final warning for cryptoasset firms By James Morris Simon Treacy The FCA has written once again about its concerns about firms’ readiness to comply with the new regime. The FCA expects that the vast...
30 Jul, 2020 The UK’s VSP regime: flight-testing the regulation of social media firms By Ben Packer In February 2017, NASA began wind-tunnel tests of a new “quiet” supersonic passenger jet: one that wouldn’t emit the same “sonic boom”...
09 Jul, 2020 Payment Services - Is the FCA using Covid-19 as cover to mitigate pre-existing concerns? By Linklaters On 22 May 2020, the FCA published a consultation paper on coronavirus and the safeguarding of clients' funds. While the FCA stated that...
06 Jul, 2020 Facebook facing the CMA’s hold separate straightjacket By Verity Egerton-Doyle The CMA announced last week that it had made directions for the appointment of a monitoring trustee in its review of Facebook / Giphy....
25 Jun, 2020 ICO’s six data protection steps for organisations By Linklaters The UK Information Commissioner’s Office has posted a blog post setting out six key steps for organisations to consider as they come out...
19 Jun, 2020 First UK enforcement cases: price gougers beware By Linklaters Yesterday the UK competition and consumer enforcer: the Competition and Markets Authority, announced its first investigations for...
12 Jun, 2020 5G under scrutiny by “five eyes” but business blinks first By Alex Roberts The British Business Awards 2020 has just been launched by the British Chambers of Commerce here in China. It was great to be able to...
27 May, 2020 Announcement of the UK Lawtech R&D Sandbox By Greg Baker Inspired by the FCA's Regulatory Sandbox, it's exciting to see the planned launch of a Lawtech equivalent delivered in collaboration with...
18 May, 2020 Delayed implementation but the UK Government remains committed to regulating online harms By Ben Packer The UK Government has repeatedly emphasised its desire to create the world's leading regulatory regime for combatting online harms. In...