Insights & News
Search for Insights & News
- 24 results found
- All (24)
- Others (21)
- Press (2)
- Podcast (1)
-
Cabinet Office publishes report on the National Security and Investment Act 2021 regime
30 September 2024On 10 September 2024 the Cabinet Office published the National Security and Investment Act 2021: Annual Report 2023-2024 (“Report”) on the operation of the regime laid down by the National Security and Investment Act 2021 (“NSIA”). This is the third annual report on the operation of the NSIA regime covering the year from 1 April 2023 to 31 March 2024 (“reporting period”).
-
Pendulum swings back in favour of SMEs and the economy. Investors beware.
21 March 2024The ups and downs of the thresholds for being a high-net-worth investor or self-certified sophisticated investor
-
How would you like your justice served?... ...well done (outcome following full due process), medium, or rare (trial by media)
19 March 2024The FCA has recently committed to carrying out enforcement cases more quickly as it seeks to increase the deterrent impact of its enforcement actions.
-
Financial promotions regulatory horizon scanner
12 December 2023Our financial promotions horizon scanner (below) identifies regulatory changes and updates that are likely to impact firms who offer financial services and products in the UK. The tracker identifies key current and future developments across numerous areas including, anti-greenwashing, social media, high risk investments and cryptoassets.
-
New year new standards: will regulated individuals in financial services need to be “paragons of virtue”?
Podcast
12 December 2023The Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) are looking to re-emphasise the regulators’ position that non-financial misconduct is misconduct for regulatory purposes. On the agenda by Lewis Silkin, we discuss the fitness and propriety and conduct rules requirements, as well as the forthcoming guidance ahead of the consultation closing date on 18 December.
-
The National Security and Investment Act 2021: will it lead to greater certainty and lower burdens for businesses?
07 December 2023Since the National Security and Investment Act (the NSI Act) came into force on 4 January 2022, one of the criticisms levelled at the legislation has been its broad scope and ambiguity over whether a transaction might be captured by the mandatory notification regime or voluntary notification regime.
-
FCA publishes long-awaited rules and guidance on anti-greenwashing and sustainability
01 December 2023The UK’s Financial Conduct Authority (FCA) has published long-awaited guidance on anti-greenwashing and sustainability due to come into effect in 2024.
-
Financial promotion exemptions for high net worth individuals and sophisticated investors: HM Treasury publishes its response
15 November 2023HM Treasury has published its Response to the Consultation: Financial promotion exemptions for high net worth individuals and sophisticated investors (Consultation) which set out proposals to reform exemptions in the Financial Promotion Order 2005 (FPO) relating to high net worth individuals and sophisticated investors.
-
Is there a future for crypto marketing in the UK?
Press
03 November 2023Following the coming into force of the Financial Conduct Authority’s new crypto marketing regime, Wendy Saunders provides a breakdown of what it all means in practice.
-
National Security And Investment Act 2021
01 September 2023The National Security and Investment Act 2021 (“NSI Act”) provides the UK government with new powers to scrutinise investments on national security grounds. The regime set out in the NSI Act came into force on 4 January 2022.
-
Promoting cryptoassets: what you need to know and next steps
23 June 2023New legislation, the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (FPO Amendment Order) has been made which brings certain cryptoassets within the UK’s framework for regulating financial promotions.
-
Financial promotions: final legislation, rules and guidance bringing cryptoassets within the financial promotion regime now published
09 June 2023The final version of Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (Order) has been published. The Order relates to the regulation of certain cryptoasset financial promotions.
-
Wendy Saunders writes for City A.M. on trading in unbacked crypto assets
Press
31 May 2023Wendy Saunders of Lewis Silkin examines the recent Treasury Committee report on regulating digital assets and explores whether trading in unbacked crypto assets presents a regulatory dichotomy.
-
Financial promotions: draft legislation updating the perimeter for qualifying cryptoassets now published
30 March 2023So, we finally have the long-awaited next step in the ever-evolving regulatory framework that applies to crypto. By way of recap, cryptoasset exchange providers and custodian wallet providers need to be registered with the FCA under money laundering legislation.
-
Checklist for a successful crypto-provider registration application
07 March 2023Any business that intends to operate in the UK as a cryptoasset exchange provider or custodian wallet provider is required to register, but many are at risk of falling short at the first hurdle: the application for registration.
-
CBDC - the future of payments and money in the UK?
09 February 2023Back in April 2022 I wrote an article about the future of cryptoassets, payments and money in the UK. At that time, the UK government announced that it intended to bring in a regulatory regime for stablecoins used as a means of payment.
-
Finalisation of prudential treatment of cryptoasset exposures for banks: how will this impact the market?
22 December 2022Banks will benefit from greater clarity and certainty now that the Basel Committee on Banking Supervision (“BCBS”) has finalised its prudential standard on the treatment of banks’ exposures to cryptoassets.
-
The evolving UK financial promotion regime: can you keep up?
22 December 2022The UK financial promotion regime is going through a series of complex and interconnected changes that are being legislated for and implemented in a somewhat piecemeal manner, meaning that it is not straightforward for firms to keep abreast of all the changes or to see the bigger picture.
-
From crypto winter to crypto trading platform collapse – paving the path to greater regulation of crypto
12 December 2022The trajectory of the crypto sector has been marked by a number of events over the course of this year from the crypto-winter (including instability in crypto markets, the collapse of Terra (an algorithmically-backed stablecoin supplemented by a reserve of Bitcoin) and consequential failures of crypto-related firms) through to the collapse of the centralised crypto trading platform FTX and most of its associated businesses. The regulatory message from Sir John Cunliffe has been consistent throughout: we need effective regulation of crypto technologies in finance.
-
Latest proposals from the FSB on regulating cryptoasset activities and stablecoins
21 November 2022Cryptoassets are volatile by nature; while high risk may lead to high reward, there is also the very real prospect of such assets losing all value.