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PRA publishes updated supervision framework for international banks
A guide to PRA’s final rules and policy on its approach to branch and subsidiary supervision.
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FCA policy statement PS25/4: Investment research payment optionality for fund managers
New framework offers greater flexibility, but it remains to be seen how many fund managers will take up joint payment options, given the guardrails in place.
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MiFID onshoring continued: PRA Consultation Paper CP9/25
The consultation is relevant to PRA-authorized banks, building societies and designated UK investment firms.
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Simplifying the Regulatory Capital Regime for FCA investment firms: FCA CP25/10
The proposed rules would only apply to MIFIDPRU investment firms, with announcements due for market making/principal trading firms.
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PRA consults on updates to its approach to International Banks
Clarification on specific aspects of the PRA’s existing approach to risk management and remote booking.
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European market participants brace for impact of US move to T+1 settlement cycle
The transition to faster securities settlement in the US will have a significant impact on UK and EU firms with holdings in North and Central America.
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FCA consults on payment optionality for Investment Research – a new ‘bundled’ approach
The FCA has put forward plans for a new way to pay for investment research.
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10 things you need to know about PISCES
The new UK Private Intermittent Securities and Exchange System (PISCES) is a platform for secondary trading in freely transferable shares issued by UK or non-UK companies.