The Financial Conduct Authority and the Prudential Regulation Authority separately issued rules and related documents introducing the new Senior Managers Regime, among other recent regulatory developments, as outlined below.
HM Treasury (Treasury)
Treasury Publishes Draft Overseas Firms Scope Statutory Instrument
Treasury has published a draft statutory instrument setting out which foreign credit institutions and investment firms that have a branch in the U.K. will be “relevant authorised persons” for the purposes of certain parts of the Financial Services and Markets Act (FSMA) and the Banking Reform Act.
Treasury Consults on Limited Partnership Changes Relating to Private Funds
Treasury is consulting ...
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