London Governance & Compliance Academy
In an interesting article published by the UK’s Financial Conduct Authority (FCA), the country’s regulatory authority recommends that authorised and registered firms develop compliance and AML leaders “who are suitably competent and capable of effectively performing the roles.”
As of January 1, 2022, all UK MiFID investment firms will have to abide by the Financial Conduct Authority’s (FCA) brand-new Investment Firm Prudential Regime (IFPR).
According to the FCA, the IFPR’s overall objective is “to streamline and simplify the prudential requirements for MiFID investment firms that we prudentially regulate in the UK (FCA investment firms).”
FCA measures include banning the sale, marketing and distribution of any derivatives and exchange traded notes with linkage to unregulated cryptoassets, citing “inherent nature of the underlying assets, which means they have no reliable basis for valuation” to justify them. According to Sheldon Mills, interim Executive Director of Strategy and Competition at the FCA, this […]
