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On 9 November 2023, HM Treasury (HMT) published Statutory Instrument (SI) 2023 No.1190: the Financial Services and Markets Act 2023 (Resolution of Central Counterparties (CCPs): Deferment of Provisions in Resolution Instruments) Regulations 2023, along with an explanatory memorandum. [read post]
The PSR has powers under Part 5 of the Financial Services (Banking Reform) Act 2013 (FSBRA) to regulate payment systems designated by HM Treasury. [read post]
On 9 November 2023, HM Treasury (HMT) published Statutory Instrument (SI) No.1195: the Financial Services and Markets Act 2023 (Resolution of Central Counterparties (CCPs): Calculation of Maximum Amounts for Cash Calls and Use of Specified Funds) Regulations 2023, along with an explanatory memorandum. [read post]
On 30 October 2023, HM Treasury (HMT) published its final proposals for the future financial services regulatory regime for cryptoassets in the UK, comprising two responses to consultations and a policy paper. [read post]
7 Nov 2023, 10:02 am by Simon Lovegrove (UK) and Anita Edwards
On 7 November 2023, HM Treasury (HMT) published its response to its consultation on proposed reforms to the financial promotions exemptions for high net worth individuals and sophisticated investors. [read post]
7 Nov 2023, 10:00 am by Simon Lovegrove (UK) and Anita Edwards
On 7 November 2023, HM Treasury published a draft of the Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (the draft SI), along with a draft explanatory memorandum. [read post]
In addition to new Handbook rules, it will also consider whether there are other aspects of the existing rules that may need changing, raising with HM Treasury and other stakeholders if necessary. [read post]
5 Nov 2023, 1:00 am by Frank Cranmer
A spokesman for HM Courts and Tribunals Service said: “We have apologised to Mr Singh for any distress caused and have reminded our contracted security officers of the correct steps to take to prevent this incident from happening again. [read post]
3 Nov 2023, 10:10 am
Synopsis: Today's advance release contract law opinion: HM Construction & Painting, LLC v. 32 Wilmot Place, LLC (Breach of contract; summary judgment; admissible evidence; status conference; claim that trial court failed to consider defendants' alleged bad faith in asserting special defense that plaintiff was not in compliance with Home Improvement Act (§ 20-418 et seq.).) [read post]
DP23/2 is intended to prepare for the PRA’s planned consultation on draft rules to replace firm-facing requirements in Part Three, Title II, Chapter 5 (the ‘Securitisation Chapter’) of the Capital Requirements Regulation – subject to HM Treasury making the necessary legislation – by raising certain key issues for feedback from firms and collecting data in order to inform the PRA’s approach. [read post]
On 30 October 2023, HM Treasury (HMT) published its final proposals for the future financial services regulatory regime for cryptoassets in the UK. [read post]
The BoE and HM Treasury consultation paper has stimulated a strong response, with over 50,000 completed responses. [read post]
27 Oct 2023, 4:45 am by Hannah Meakin (UK) and Anita Edwards
On 25 October 2023, the Financial Markets Law Committee (FMLC) published a letter to HM Treasury (HMT) highlighting areas of legal uncertainty relating to the Financial Collateral Arrangements Regulations (FCARs) and asking for them to be addressed. [read post]
26 Oct 2023, 3:45 am by Simon Lovegrove (UK) and Anita Edwards
On 25 October 2023, HM Treasury (HMT) published a letter from the Chancellor, responding to a request from the Chair of the Treasury Committee for an update on the delivery of the Edinburgh reforms. [read post]
24 Oct 2023, 2:02 am by Simon Lovegrove (UK) and Anita Edwards
On 23 October 2023, HM Treasury published a joint statement, together with the European Commission, on the first EU-UK Financial Regulatory Forum which was held in London on 19 October 2023. [read post]
22 Oct 2023, 6:51 pm by Jim Walker
– captain is notified of overboard crew member (the Independent newspaper reports that”HM Coastguard was alerted at about 8:55 a.m.); 10:03 a.m. [read post]
20 Oct 2023, 2:47 pm by Giles Peaker
We are working closely with the Ministry of Justice and HM Courts and Tribunal Service to drive forward improvements to the court possession process so that users have a modern, digital service that will align with the reforms to tenancy law. [read post]
19 Oct 2023, 8:33 am by Anita Edwards and Simon Lovegrove (UK)
The BoE has been working alongside HM Treasury and the FCA to improve and test the financial system’s operational resilience to cyber-attacks. [read post]
On 17 October 2023, HM Treasury published a draft Statutory Instrument (SI) – the Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023, along with an explanatory memorandum. [read post]