Simon Morris, Financial Services Regulatory Partner at CMS, and Laura Bridgewater, Disputes Partner at Macfarlanes discuss recent FCA regulatory actions and enforcement trends.
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John Higgins and Maria Symeon share practical advice on documenting oversight, managing delegation, and evidencing challenge.
The FCA’s consultation CP26/23 will interest wholesale firms that do not directly serve retail clients but felt forced to change their business when the Consumer Duty was first introduced.
Consultation aims to streamline compliance by moving financial promotions under Consumer Duty umbrella.
The FCA plans to extend the High-Level Standards in the FCA Handbook to cryptoasset firms in line with FSMA-authorized entities.
Under the proposals, all firms wishing to carry out regulated cryptoasset activities will be required to obtain FCA authorization.
New rule protects consumers by ensuring sustainable products and services are accurately described.
The guidance is consistent with work in other jurisdictions to address greenwashing.