Articles - DAC Beachcroft

Articles

Financial Services

Non-financial misconduct – new proposed FCA and PRA guidance

Non-financial misconduct – new proposed FCA and PRA guidance

Introduction On 25 September 2023 the FCA published consultation paper CP 23/20 entitled "Diversity and inclusion in the financial sector – working to ...

Review and reform of the SMCR: Optimising individual accountability

Review and reform of the SMCR: Optimising individual accountability

This article first appeared in the June 2023 issue of PLC Magazine.   Background to the SMCR The original purpose of the senior managers and certi ...

DAC Beachcroft's Spring 2023 Budget Alert

DAC Beachcroft's Spring 2023 Budget Alert

From a tax point of view the headline of this budget is that it appears to allow people to make unlimited contributions to their pension.  It is not a ...

It’s not easy being green – why the FCA’s anti-greenwashing proposals need a rethink

It’s not easy being green – why the FCA’s anti-greenwashing proposals need a rethink

Issues with the Financial Conduct Authority’s (“FCA’s”) proposed new rules to tackle greenwashing (FCA Consultation Paper 22/20) were highlighted duri ...

The future of UK asset management regulation – the FCA’s Discussion Paper 23/2

The future of UK asset management regulation – the FCA’s Discussion Paper 23/2

On 20 February 2023 the Financial Conduct Authority (“FCA”) published Discussion Paper (“DP”) 23/2 entitled “Updating and improving the UK regime for ...

Keeping Up with Crypto Fraud – Social media Influencers beware!

Keeping Up with Crypto Fraud – Social media Influencers beware!

In October 2022, the US Securities and Exchange Commission (“SEC”) fined Kim Kardashian US$1.26m for unlawfully “touting” the EthereumMax (“EMAX”) tok ...

FCA’s proposals to clamp down on greenwashing

FCA’s proposals to clamp down on greenwashing

It has been clear for some time that the FCA is stepping up its enforcement strategy and supervisory engagement in relation to purportedly sustainable ...

Top 10 conduct risks for UK asset managers in 2022

Top 10 conduct risks for UK asset managers in 2022

Heightened regulatory scrutiny upon the asset management sector is expected to continue throughout 2022, not least because the FCA itself remains unde ...

The FCA takes its next step in climate-related financial disclosures

The FCA takes its next step in climate-related financial disclosures

New FCA rules on climate-related financial disclosures came into effect on 1 January 2022.  The new rules affect issuers of standard listed shares and ...

A tougher appointed representatives regime is on its way

A tougher appointed representatives regime is on its way

The FCA has published details of significant changes that it is proposing to its rules relating to the appointment and oversight of appointed represen ...