Financial services regulation updates

The growing body of guidance out there for regulated firms outsourcing to cloud providers is to be supplemented by new materials from EIOPA and ESMA

The FCA’s decision to delay will be welcome news for busy professionals juggling their COVID-19 response, flexible furlough, Brexit and other issues

The FCA has notified the European Banking Authority (EBA) that it intends to comply with the EBA’s guidelines on ICT and security risk management

The FCA has followed up on its temporary product intervention for speculative illiquid securities ('SISs'), which came into effect on 1 January 2020 and lasts for 12 months

After a short consultation, and broad support from the industry, the FCA has published its finalised guidance. Firms have until 3 December to review their products and decide on any resulting action

The FCA has today published an update on its High Court test case concerning business interruption (BI) insurance

The FCA has published additional flexibility this month in response to the coronavirus pandemic in the following two areas

After two years, on 18 May 2020 the High Court published its decision in Adams v Options Sipp UK LLP and Financial Conduct Authority [2020] EWHC 1229 (Ch) (‘Adams v Carey’)

The Bill has specific provisions for the financial services sector in order to protect consumers and financial stability

The guidance builds on Principle 6 and sets out the expectations the FCA has of firms when considering the fair treatment of existing customers

The FCA updated its webpage to confirm that, it is still available to support innovative firms looking to launch financial services products and services

The FCA published a statement on how firms should handle post and paper documents, recognising that in these exceptional times some firms may not be able to fully comply with them