Regulatory Focus - August 2021

FCA Key Topics – June-August 2021

Read more about the key topics on the FCA’s agenda during the past two months which includes: 

• The FCA’s domestic implementation of the EU’s Investment Firm Prudential Regime
• Various Environmental, Social and Governance matters

FCA Updates – July 2021

Areas covered:

• LIBOR—six months to go
• Fund managers falling short on assessing the value of their funds
• Guilty of forgery
• FCA bans convicted fraudster from carrying out regulated activity
• FCA Business Plan 2021/22

FCA Updates – June 2021

Areas covered:

• Temporary Registration Regime extended for cryptoasset businesses
• The FCA has selected a new Chair of its independent Markets Practitioner Panel
• Switch to Secured Overnight Financing Rate (SOFR) in USD interest rate swap starting 26 July 2021
• FCA research reveals increase in cryptoasset ownership
• Building a regulatory environment for the future
• FCA and PRA publish joint policy statement on margin requirements for non-centrally cleared derivatives
• FCA appeal for victims of illegal investment scheme to come forward
• FCA review finds weaknesses in some “host” Authorized Fund Management firms’ governance and operations