The announcement is the latest twist in a high-profile legal battle between the regulator and the fund manager, which started with the collapse of his previous company back in 2019.
FSMA 2000
Financial regulator moves to address long-standing concerns as clubs struggle for sponsorship.
The new guidance provides a formal regulatory definition, centering on bullying, harassment, and violence.
To what extent do the business activities of prediction market platforms fall within the scope of financial services regulation in European jurisdictions?
UK regulator to reshape client asset rules for crypto.
Implications for principals and ARs.
Firms should prepare for PRA Rulebook migration, revised overseas recognition mechanics, and operational updates to policies, systems, and reporting.
While the regulatory burden will increase, so will the degree of regulatory certainty for firms looking to operate in the UK.