EVENT: Non-financial misconduct – when a problem becomes terminal

C&G Regulatory Solutions and City law firm Fieldfisher have teamed up to stage a joint event on Wednesday 13th September 2023 at 18:00 covering the topic of non-financial misconduct.  Join us for a collaborative round-table presentation featuring experts from C&G Regulatory Solutions, and Financial Regulation and Employment specialists from Fieldfisher London.  Recent headlines have highlighted the […]

C&G launches Talent Acquisition and Workforce Planning Service

PRESS RELEASE: LONDON, AUGUST 22, 2023 – C&G Regulatory Solutions proudly announces the launch of its Talent Acquisition and Workforce Planning division, providing tailored talent solutions for compliance and risk in financial services. C&G is thrilled to welcome Luiza Barwood, a highly experienced Resourcing and Talent Management professional, to lead this division. Luiza brings a […]

Dealers in principal under the regulatory spotlight

On the 4th August 2023 the UK Financial Conduct Authority (“FCA”) published its latest “Dear CEO” letter, this time setting out its supervisory priorities vis-a-vis Principal Trading Firms (“PTTs”, also known as “Dealers in principal”). As the name of the category suggests, PTTs are firms that generate much of their revenue from dealing as principal, […]

FCA publishes important MiFIR transaction reporting updates

“…issues persist, and some firms are not paying sufficient attention to our warnings on the importance of reporting transactions to us in a complete, accurate and timely manner.” In the week commencing 24th July 2023 the UK Financial Conduct Authority (“FCA”) published two important updates concerning Markets in Financial Instrument Regulation (“MiFIR”) transaction reporting in […]

Shorts: key regulatory developments from Q2, 2023

In this article we provide a round up of key Financial Conduct Authority (“FCA”) related regulatory developments that are particularly relevant to investment firms.   FCA publishes new guidance on the regulatory perimeter for trading venues (5th July 2023) On 5th July the FCA released Policy Statement PS23/11 to issue new guidance on the regulatory perimeter […]

From Losses to Litigation: client’s lawsuit against broker explained

lawsuit against broker

Introduction A recent court case[1] saw a client of Forex Capital Markets Limited (“FXCM”) looking to recover losses and substantial damages arising from trading oil CFDs in 2020. The case is particularly interesting with Consumer Duty on the horizon and the prospect of brokers facing higher expectations for the standard of care that they provide […]

Consumer Duty: do your products and services represent fair value?

“Many firms are on course to meeting it [the Consumer Duty implementation deadline], according to our own research” Sheldon Mills, Executive Director, Consumers and Competition, Financial Conduct Authority (“FCA”), 10th May 2023 On 10th May 2023 the FCA published the latest in a raft of communications concerning the impending implementation of the Consumer Duty. The […]

Market abuse peer review (FCA Market Watch 73)

trade surveillance system

The UK Financial Conduct Authority (“FCA”) published its latest Market Watch newsletter on 26th April 2023, following a market abuse peer review of firms offering Contracts for Difference (“CFDs”) and spread bets (“CFD providers”). Many of the findings are equally applicable to firms offering other financial instruments. This article provides a summary of the key […]

Amended UK EMIR Reporting: final Validation Rules and XML Schemas

Further to our previous briefing entitled: “IN BRIEF: FCA/BoE finalise changes to UK EMIR trade reporting requirements“,  the Financial Conduct Authority (“FCA”) has now published the final validation rules and XML schemas for the revised United Kingdom (“UK”) EMIR reporting regime which is set to go live on 30th September 2024. Who is this relevant […]

Beware the “data-led regulator”: the FCA publishes its Business Plan 2023/24

On 5th April 2023 the UK Financial Conduct Authority (“FCA”) published its Business Plan outlining its priorities for 2023/24. In this article we provide a summary of the key takeaways with implications for practice that are relevant to firms operating in the investments and payments sectors.  The FCA is looking for an early opportunity to […]