‘The supreme court has granted permission for two car lenders to appeal against a landmark ruling on motor finance commission payments that has left firms fearing a potential £30bn compensation bill.’
The Guardian, 11th December 2024
Source: www.theguardian.com
‘Proposals by the UK’s Financial Conduct Authority will directly affect the way in which e-money firms handle customer funds prior to and during an insolvency process.’
OUT-LAW.com, 4th December 2024
Source: www.pinsentmasons.com
‘Large businesses in the UK preparing for the 2024-25 reporting season will need to be aware of the latest changes to the payment practices and performance reporting requirements.’
OUT-LAW.com, 29th November 2024
Source: www.pinsentmasons.com
‘The UK Financial Conduct Authority (FCA) is likely to take a tougher approach to policing non-financial misconduct and ensure that firms reduce employee remuneration, or even apply clawback, where non-financial misconduct is identified, an expert has said.’
OUT-LAW.com, 25th November 2024
Source: www.pinsentmasons.com
‘Britain’s financial sector watchdog is “incompetent at best, dishonest at worst”, according to a damning report by MPs and Lords which called for a big shake-up.’
The Guardian, 26th November 2024
Source: www.theguardian.com
‘Major technology providers could face broad new disclosure duties, including obligations to notify regulators of planned technology change projects, resourcing challenges, and of evolving cyber incidents or outages in their infancy, under new rules being introduced in UK financial services.’
OUT-LAW.com, 19th November 2024
Source: www.pinsentmasons.com
‘New Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) guidance sets out the regulators’ expectations on interpreting key concepts relevant to change in control.’
OUT-LAW.com, 11th November 2024
Source: www.pinsentmasons.com
‘The Financial Conduct Authority’s (FCA) approach to regulatory enforcement in UK financial services is evolving, as it aims to become more data and technology driven and focus on faster investigations, greater transparency and closer collaboration with other regulators and stakeholders.’
OUT-LAW.com, 30th September 2024
Source: www.pinsentmasons.com
‘Fatima Jama explores the FCA’s new regulatory regime requiring banks and building societies designated by the Government to assess and fill gaps, or potential gaps, in cash access provision that significantly impact consumers and businesses.’
Mountford Chambers, 5th August 2024
Source: www.mountfordchambers.com
‘Manufacturers and distributors of non-investment insurance products may need to re-consider the efficacy of their product value assessments and ensure they are fully aware of their responsibilities to consumers following the findings of a UK Financial Conduct Authority (FCA) thematic review.’
OUT-LAW.com, 2nd September 2024
Source: www.pinsentmasons.com
‘The financial watchdog is to review the UK’s pure protection insurance market, amid concerns that competition in the sector is “not working well”.’
The Independent, 28th August 2024
Source: www.independent.co.uk
2024 c. 22 – Leasehold and Freehold Reform Act 2024
2024 c. 21 – Victims and Prisoners Act 2024
2024 c. 19 – British Nationality (Irish Citizens) Act 2024
2024 c. 18 – Building Societies Act 1986 (Amendment) Act 2024
2024 c. 13 – Digital Markets, Competition and Consumers Act 2024
Source: www.legislation.gov.uk
‘The FCA’s recent consultation (CP24/2) on changes to its enforcement process has provoked what appears to be unanimous opposition from government and industry bodies. Of particular concern is the proposal in consultation paper (“the CP”) that the FCA will publish information about its enforcement investigations, including the identity of the subject of the investigation, where it assesses it to be in the public interest to do so. Due to legal considerations which apply to the publication of information relating to individuals, the FCA’s proposals extend only to firms. However, the potential harm caused not only to those firms, but also their customers, their employees, the market – and UK plc – may be profound.’
Kingsley Napley Criminal Law Blog, 7th May 2024
Source: www.kingsleynapley.co.uk
‘Fatima Jama examines the issues in the regulation of non-financial misconduct, in particular, sex offending and gender-based misbehaviour in the financial service industry.’
Mountford Chambers, 9th April 2024
Source: www.mountfordchambers.com
‘In this article, David Sharpe KC and Jake Loomes consider the recent decisions on breaches of the Premier League’s Profit and Sustainability Rules.’
12 King's Bench Walk, 4th April 2024
Source: 12kbw.co.uk
‘The UK government will continue plans for an independent football regulator when the Football Governance Bill is introduced in Parliament on Tuesday.’
BBC News, 19th March 2024
Source: www.bbc.co.uk
‘The UK business of the fast-fashion company Shein has failed to disclose its ultimate ownership, a breach of company law that could disrupt the firm’s reported plans to consider listing in the UK.’
The Guardian, 6th March 2024
Source: www.theguardian.com
‘A wind farm owned by EDF has been forced to pay £5.5 million into a fund designed to help vulnerable customers. The news comes after regulator Ofgem found that it had overcharged the grid.’
The Independent, 4th March 2024
Source: www.independent.co.uk
‘The Premier League may face a new legal challenge from one of its own clubs after approving new rules that would limit the ability of teams to buy players or strike sponsorship deals with parties related to their ownership.’
The Guardian, 9th February 2024
Source: www.theguardian.com
‘HSBC has been fined £57.4m by the Bank of England for “serious failings” over its requirements to protect customer deposits.’
BBC News, 30th January 2024
Source: www.bbc.co.uk
© Inner Temple Library 2024