Fri, Aug 14, 2020
Regulatory Focus - July 2020
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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