i-law

Compliance Monitor

“Winter is coming” – DP20/2 augurs prudential feats for investment firms

A recent discussion paper sets out to replace the patchwork of prudential requirements that currently govern investment firms with something more fit for purpose. But DP20/2 – and its forerunner FG20/1 – portend far-reaching implications for all firms, as Julian Sampson relates.
Online Published Date:  07 September 2020

How to handle ‘impossible complainants’

When things become a little crazy, the realsuperstars of the team shine. AdamSamuel shares wisdom on dealing with tricky – and, at times, unacceptable –complaint-handling scenarios.
Online Published Date:  07 September 2020

Criminal finance rules tightened for PSPs

New measures from the European Union to boostthe effectiveness, harmonisation, supervision, enforcement and co-ordination ofits anti-money laundering and counter-terrorist finance regime will have asignificant impact upon payment service providers in the United Kingdom. Charlotte Hill and Julia Steinhardt set out the requirements.
Online Published Date:  07 September 2020

Increased level of complaints upheld by FOS

The latest complaints statistics published by the Financial Ombudsman Scheme reveal an uptick in the percentage of disputes decided by the adjudicator in favour of the customer. Denis O’Connor analyses the data and ponders the implications for firms’ delivery of good customer outcomes.
Online Published Date:  07 September 2020

Addressing heightened risks for retail clients

As the coronavirus pandemic swept Europe, ESMA warned firms not to forget their conduct of business obligations under MiFID II. The Cyprus Securities and Exchange Commission has also reaffirmed its approach, reports Aki Corsoni-Husain.
Online Published Date:  07 September 2020

Cross-market manipulation under the microscope

Regulatory surveillance functions and capabilities are evolving to monitor for market abuse risks spanning multiple contracts and products across separate trading venues. Marlene Haas and Greg Leonard explore the developing landscape of EU, UK and US cross-market surveillance and enforcement.
Online Published Date:  11 September 2020

Getting regulatory reporting right

The systematic submission of incorrect reports is still going unnoticed for many firms. Matthew Chapman provides a MiFIR, EMIR and SFTR checklist to help prevent a multitude of sins.
Online Published Date:  11 September 2020

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