What's new on FIN. from Bond Dickinson this week: 11 August 2017

Posted on August 11, 2017
Archive : August 2017
Category : What's new on FIN. from Bond Dickinson

Financial Institutions News

News and updates for our financial institutions and insurance sector clients.

 

 

Access FIN. here to read all our updates, and to access the hyperlinks to the source materials we cover.

 

FIN Tweets

 

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New for all our readers

 

FCA's latest policy development update includes a promise of papers on fee rates, FAMR and IDD implementation.

 

Brexit news

 

Sam Woods has responded to Nicky Morgan's enquiries on how financial institutions are preparing for Brexit.

 

New in Data Protection

 

We have written an article on the statement of intent for the new DP Bill.

 

New in MiFID 2

 

FCA has updated its MiFID 2 application guide in respect of applications for ancillary activity exemptions and for general clearing members.

 

New in Fintech

 

BIS has published a working paper on the potential impact of Fintech on the finance industry.

 

EBA has published a discussion paper on its approach to Fintech.

 

New in payment services

 

Faster Payments has tested the ability of participants to receive higher value payments than the current limit.

 

PSR is consulting on changing the direct debit rules on switching facilities management providers.

 

New in financial crime

 

The Commission is consulting on the impact of the introduction of a central bank account registry under the plans for MLD5.

 

Treasury and OFSI have published an updated version of their guidance on financial sanctions and monetary penalties for breach.

 

New in retail financial services

 

ASA has told Amex it cannot show again an advert promoting cashback on a card, because the advert did not properly show the limitations of the offer.

 

The Upper Tribunal has upheld FCA's decision to ban a former CEO of an adviser network.

 

New for investment firms

 

PRA is consulting on fees and levies for designated investment firms.

 

New for banks and lenders

 

The BoE has commissioned a report from its NEDs on how it operates its conflicts of interest policies.

 

New for insurers

 

PRA is consulting on fees and levies for insurers.

 

Treasury has published a report on the progress of recommendations from the Insurance Fraud Taskforce.

 

 

 

Keep up to date with all our regulatory developments in the financial institution and insurance sectors.

 

We welcome your thoughts and comments:

Email us at FIN.BD@bonddickinson.com