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On 16 October 2023, HM Treasury published a draft of the Resolution on Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (the draft statutory instrument (SI)), along with an explanatory memorandum. [read post]
The revisions have been submitted to HM Treasury for Ministerial approval. [read post]
13 Oct 2023, 7:03 am by Simon Lovegrove (UK)
The revisions have been submitted to HM Treasury for Ministerial approval. [read post]
The TPT was launched by HM Treasury in March 2022 with a mandate to bring together leaders from industry, academia, and regulators to develop good practice for transition plan disclosures for finance and the real economy. [read post]
5 Oct 2023, 6:41 am by Dan Bressler
” “The Law Society has said a number of proposals in the HM Treasury consultation on the future of the anti-money laundering and counter-terrorism financing supervisory regime, risk damaging progress already achieved and could also fail to meet its stated aims of increased system effectiveness, system co-ordination and feasibility. [read post]
On 2 October 2023, HM Treasury published a Policy Statement ‘Payment service contract termination rule changes: Implementation, timings and next steps’. [read post]
On 29 September 2023, HM Treasury published a joint statement from the US Department of the Treasury and HM Treasury following the eighth official Financial Regulatory Working Group (FRWG) meeting held on Wednesday 6 September. [read post]
2 Oct 2023, 4:40 am by Frank Cranmer
This can only be achieved comprehensively … by the Supreme Court as the Court of Appeal and all lower courts are bound by Akhter [HM Attorney General v Akhter & Ors [2020] EWCA Civ 122] in relation to domestic ceremonies. [read post]
28 Sep 2023, 8:45 am by Simon Lovegrove (UK) and Anita Edwards
A new AR department has been set up to lead its cross-FCA strategy on ARs and high-risk casework, and the FCA has also supported HM Treasury’s work to assess whether wider legislative changes are needed. [read post]
HM Treasury consultation – Smarter ring-fencing regime HM Treasury has published a consultation paper on near-term reforms for a smarter ring-fencing regime. [read post]
25 Sep 2023, 12:48 pm by Simon Lovegrove (UK) and Anita Edwards
The FCA is also prioritising regulatory reform, through its Advice and Guidance Boundary review (jointly with HM Treasury), to help people get more access to help and advice. [read post]
25 Sep 2023, 3:02 am by Simon Lovegrove (UK)
| Regulation Tomorrow 27 Jan 23 The Edinburgh Reforms: Initial takeaways | United Kingdom | Global law firm | Norton Rose Fulbright 9 Dec 22 Financial Services and Markets Act 2023 Text of Financial Services and Markets Act is published | Regulation Tomorrow HM Treasury publishes Financial Services and Markets Act 2023 explanatory notes | Regulation Tomorrow HM Treasury publishes the Financial Services and Markets Act 2023 (Commencement No.1) Regulations 2023 | Regulation Tomorrow… [read post]
In this Regulation Tomorrow Plus podcast Matthew Gregory and Simon Lovegrove discuss HM Treasury’s statement of policy on access to cash and the FCA’s statement on its new powers. [read post]
On 20 September 2023, the Joint Money Laundering Steering Group (JMLSG) received HM Treasury ministerial approval of revisions to Part II Sector 22 (Cryptoasset providers and custodian wallet providers) of its Guidance. [read post]
On 19 September 2023, HM Treasury published the draft Greenhouse Gas Emissions Trading Scheme (Amendment) (No.2) Order 2023 (the draft SI). [read post]
On 20 September 2023, HM Treasury published Statutory Instrument (SI) 2023 No. 1018, the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2023. [read post]
17 Sep 2023, 10:00 pm
HM Revenue and Customs (HMRC) published draft legislation on 14 September for inclusion in Finance Bill 2023-24, which will remove the 1.5% charge to UK stamp duty and stamp duty reserve tax (SDRT) with respect to the issue of UK securities into depositary receipt systems and clearance services as well as the transfer of UK securities into depositary receipt systems and clearance services where the transfer is made in the course of capital-raising arrangements. [read post]