| UK & Europe | Publications
NEWSLETTER: As we approach mid-year, the FCA continues its “data-led” approach to supervision with financial advisers on the receiving end of a request this month. We put together some tips on how to manage your response earlier in the year which should be useful to anyone on the receiving end to limit the risk of costly, and potentially avoidable, regulatory escalation.
Principles-based regulation can be challenging to understand at times, especially for new or smaller firms. With the regulator having published its findings from its review of business models for smaller asset managers, we help to identify what this means for you and what steps you need to take.
Turning to larger firms, we look this month at the patient capital driving large wealth advisory consolidators, and how the long-term players are best placed for the future when they’ve thought ahead about getting preparing for the regulatory scrutiny which will inevitably come with the next financial event.
Discussion on the regulation of crypto assets is hotting up in the UK, with the FCA and HM Treasury publishing a discussion paper and policy notice respectively. With a clear roadmap looking likely to surface in 2026, firms should already be considering how they will adapt.
Lastly, if you are a non-executive director of a UK MIFID firm, do join us on 2nd July for our half day training course in London with NEDs in FS, designed to help non-executive directors understand and be able to challenge their firm’s ICARA. There are only a few seats left, so secure your place as soon as possible.
Please get in touch if you’d like to discuss any of these updates with us.
Rebecca Thorpe, Global Head of Regulatory Consulting
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