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CCL Compliance Limited
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Last weeks breakfast briefing in London saw Carwyn Evans, Stuart Holman, Nigel Sydenham and Peter Haines present on the latest developments in the Senior Managers & Certification Regime (SM&CR). To request a copy of the presentations email info@cclcompliance.co.uk or comment below.
#FCA #SMCR #UKregulation #seniormanagersregime #certificationregime
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The UK edition of the Regulatory Update is now available. This includes - CA Approach to Authorisation, SM&CR Transition for Firms, PRA Rulebook Changes, ESMA Speech on Asset Management, Anti-Money Laundering Supervisory Review, Bluefin Fined £4m. Click for details

#FCA #FCAregulations #financialconductauthority #MiFIDII #SMCR
#UKregulatorynews #AMLnews #compliancenews
UK Edition - December 2017
UK Edition - December 2017
cclcompliance.co.uk
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The latest UK edition of our regulatory update series includes - FCA Policy Development Update, PRA and FCA Updates to Comply with MiFID II, Strengthening Accountability in Banking – SM&CR, and FCA Finds Partner of Firm to Not be Fit and Proper. Click for full details
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Great turnout for our SMCR briefing in London last week. Our consultants provided insight on the extension of the regime to investment firms. For a copy of the slides email info@cclcompliance.co.uk

#SMCR #FCA
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The FCA issued its final Policy Statement on MiFID II on 3rd July. Two of CCL’s directors, Stuart Holman and Atma Dhariwal, discuss key points coming out of this important step in MiFID II’s implementation in the UK.

#mifid #fca
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In this article we look at the issues surrounding the new FCA complaints handling requirements. This is designed to achieve better outcomes for the customer and the relaxing of initial deadlines facilitates this. Whilst at first sight this eases the burden on regulated firms the enhanced record keeping obligations will prove to be a challenge for many firms.
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CCL Regulatory Update: UK Edition - February 2016

In this edition:

1.0 FCA NEWS 
1.1 Handbook Notice – 28th January
1.2 “Dear CEO” Letter on Client Take-On Review in Firms Offering CFD Products
1.3 Policy Development Update
1.4 FCA Data Bulletin – Financial Promotions and Attestations
1.5 Thematic Review on how Firms Assess Suitability of Products and Services
1.6 Handbook Notice – 26th February

2.0 MIFID II UPDATES
2.1 Commission Extends Application by One Year
2.2 ESMA Migrates MiFID and Short Selling Regulation Registers

3.0 UCITS V NEWS
3.1 ESMA Consolidated Q&As on Application
3.2 FCA Policy Statement on Implementation

4.0 SENIOR MANAGERS AND CERTIFICATION REGIME (SM&CR) DEVELOPMENTS
4.1 FCA Final Rules on Extension of Certification Regime and Interim Rules on Regulatory References

5.0 ENFORCEMENT
5.1 FCA Fines Former Senior Manager £792,900 for Failing to be Open and Co-Operative
5.2 FCA Fines and Restricts Firm for Market Abuse and Conflicts of Interest Failings
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CCL Regulatory Update: UK Edition - November 2015

This edition includes:

1.0 FCA NEWS
1.1 FCA Paper on “Regulatory Sandbox”
1.2 Terms of Reference for the FCA’s Asset Management Market Study
1.3 FCA Consults on Regulatory Fees and Levies for 2016/17
1.4 Guidance for Outsourcing to the Cloud and other Third-Party IT Services
1.5 Speech on Internal Investigations by Firms

2.0 MIFID II UPDATES
2.1 Responses to ESMAs Consultation on ITS – Data Service Providers, Derivatives Reporting
2.2 Minutes of FCA Meeting on MiFID II Implementation
2.3 Speech by Steven Maijoor and Potential Delay of Entry into Force

3.0 MARKET ABUSE REGULATION UPDATES
3.1 FCA’s Consultation on Implementation of MAR

4.0 AML/CTF NEWS
4.1 HM Treasury Advisory Notice on AML/CTF Controls in Overseas Jurisdictions

5.0 ENFORCEMENT NEWS
5.1 Barclays Bank fined £72 Million for Poor Handling of Financial Crime Risks
5.2 Former Investment Analyst Fined and Banned for ‘Cherry Picking’

#FCA   #FCAnews  
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CCL Regulatory Update: UK Edition - October 2015

This edition includes:

1.0 REGULATORY DEVELOPMENTS
1.1 FCA Policy Development Update
1.2 FCA Handbook Notice
1.3 FCA and PRA Consultation on Regulatory References under Senior Managers and Senior Insurance Managers Regimes
1.4 Whistleblowing in Deposit-Takers, PRA-Designated Investment Firms and Insurers
1.5 Bank of England and Financial Services Bill – Extension and Reforms of the Senior
Managers and Certification Regime (SM&CR)

2.0 AIFMD/UCITS V UPDATES
2.1 Updated AIFMD Q&As
2.2 AIFMD Passport and National Private Placement Regimes
2.3 Responses to Consultation on Remuneration Guidelines

#PRA   #FCA #SMCR #AIFMD
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SM&CR update - Cant is never a nice thing from a government, or a regulator, but it is a frequent enough occurrence. The U-turn over the reversal of the burden of proof under the new SM&CR announced by the Treasury on 15th October 2015 is a clear example of that. On Thursday the Treasury published the Bank of England and Financial Services Bill which had its first reading in the House of Lords the previous day.
#SMCR #FCA  
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