ESMA provides one-stop company portal
ESMA provides a one-stop company portal for investors seeking information on whether a financial service provider is authorised within the EU.
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ICO: Data Protection registration and fees
GDPR removes the requirement for data controllers to register with the ICO; however, new regulations require all data controllers to continue paying the ICO an annual fee.
5th revision of the MLD will bring greater transparency of beneficial ownership and enhance other areas
A fifth revision of the Anti-Money-Laundering Directive has been adopted by the European Parliament; EU Member States will have up to 26 months to transpose these new rules once the 5th AMLD is published in the Official Journal.
FCA Financial Crime Guide to have new chapter on insider dealing and market manipulation
The FCA are consulting on changes to the Financial Crime Guide to keep it up to date, proposing to add a chapter on insider dealing and market manipulation and make miscellaneous changes.
FCA publishes its Business Plan for 2018/19
In its Business Plan for 2018/19, the FCA shows mitigating the effect of Brexit is its key priority for the coming year, supplemented by seven priorities across the financial sectors it regulates and other priorities within each of those seven sectors.
FCA warns general insurance firms failing to clearly show last year’s insurance premium at renewal time
FCA warns it will take action against general insurance firms which are failing to clearly show the insurance premium a customer paid last year alongside their proposed renewal premium and to encourage customers to shop around.
ESMA Technical Advice simplifying prospectuses format and content
ESMA has published the first part of its Technical Advice under the new Prospectus Regulation, covering the areas of format and content of a prospectus (including the Universal Registration Document), the EU Growth prospectus and the scrutiny and approval of a prospectus.
FCA introduces new rules and guidance on how advice should be provided to consumers on pension transfers
The FCA has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures. The new rules and areas for discussion aim to improve the quality of pension transfer advice to help consumers make informed decisions for their individual circumstances.
ESMA prohibits binary options and restricts CFDs to protect retail investors
ESMA has announced a ban on the provision of binary options to retail investors in the EU and placed restrictions on the provision of contracts for differences, including rolling spot forex and financial spread bets, to retail investors in the EU. The FCA supports ESMA’s application of EU-wide temporary product intervention measures and expects to consult on whether to apply these measures on a permanent basis.