| 1 | An overview of the regulation of insurance in the UK In this practice note, Tim Goggin and Charles Rix, Partners in the Financial Institutions Group, Hogan Lovells, set out a broad overview of the regulatory treatment of insurance business in the United Kingdom. The following multi-jurisdictional guide is also available to PLC Financial Services' subscribers: Insurance and Reinsurance Handbook. This guide brings together a range of information on cross-border issues and includes country-specific Q&A guides. Each jurisdiction is described in a separate chapter, written by one of the leading firms on the subject in that jurisdiction. | Practice note: overview | Maintained |
| 2 | Hot topics: Corporate governance in financial services firms This practice note gives a brief explanation of why corporate governance is a "hot topic" in the financial services sector, outlines the key UK, EU and international developments in this area, and contains a timeline setting out milestones for future development of these initiatives. The key primary source material table in this note contains links to key primary source material and related PLC Financial Services Legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties. The following multi-jurisdictional guide is also available to PLC Financial Services' subscribers: Corporate Governance and Directors' Duties. It brings together a range of information on current cross-border issues and includes country-specific Q&A guides. Each jurisdiction is described in a separate chapter, written by one of the leading firms on the subject in that jurisdiction. | Practice note: overview | Maintained |
| 3 | Hot topics: FSA's review of its mortgage regime This resources practice note outlines the FSA's review of its mortgage regime (known as the mortgage market review, or MMR). This note also tracks developments in this review, and sets out the milestones for future development in, and arising from, this review. The key primary source material table in this note contains links to key primary source material and related PLC Financial Services Legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties. Please note: this note is in the process of being updated to take into account the FSA's consultation paper on the MMR (CP11/31), which was published on 19 December 2011 and closed to responses on 30 March 2012. For more information, see Legal update, FSA consults on mortgage market review. | Practice note: overview | Maintained |
| 4 | The FSA approved persons regime: overview This note provides a high-level overview of the requirements of the FSA's approved persons regime. It explains who is an approved person, the controlled functions performed by approved persons and procedures surrounding approved persons. It also sets out recent and proposed developments relating to the approved persons regime. | Practice note: overview | Maintained |
| 5 | Applying to the FSA for approval of approved persons and ... This note looks at the prescribed forms that the FSA requires firms to complete and submit to it in relation to applications for approval and notifications of certain changes to approved persons. | Practice notes | Maintained |
| 6 | Controlled Functions This note looks at the controlled functions that underpin the FSA's approved persons regime. | Practice notes | Maintained |
| 7 | CP10/28: FSA's mortgage distribution and disclosure ... This practice note outlines the FSA's key proposals for reforming distribution and disclosure in the mortgage market, as set out in its consultation paper, "Mortgage Market Review: Distribution & Disclosure" (CP10/28), which was published on 16 November 2010. CP10/28 forms part of the FSA's ongoing mortgage market review (MMR). For more information on the MMR, see Practice note, Hot topics: FSA's review of its mortgage regime. Please note the law stated date of this practice note. It is not maintained. | Practice notes | 16-Nov-2010 |
| 8 | DP09/3: FSA's mortgage market review proposals This practice note outlines the FSA's findings from its mortgage market review (MMR) and its proposals for regulatory reform, as set out in its discussion paper entitled: "Mortgage Market Review" (DP09/3), published on 19 October 2009. | Practice notes | 19-Oct-2009 |
| 9 | Enforcement: disciplinary sanctions The FSA uses disciplinary sanctions as tools to help it to achieve its statutory objectives, notably by promoting high standards of regulatory and market conduct. This practice note outlines the various disciplinary sanctions which the FSA may impose on a firm or an individual in the event of a breach or misconduct. This practice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 10 | Enforcement: disclosure issues This practice note considers the disclosure issues arising where a firm or individual is being investigated by the FSA. It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 11 | Enforcement: employment issues and media relations This practice note considers the employment and media relations issues which may arise in relation to, and as a result of, an FSA investigation. It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 12 | Enforcement: investigation process and practical tips This practice note provides an overview of the investigation process once a case has been referred to the FSA's Enforcement and Financial Crime division. It sets out some practical tips for firms and individuals who become subject to this process. This practice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 13 | Enforcement: investigations into authorised persons This practice note considers the FSA's powers to commission or conduct an investigation in respect of an authorised person (that is, a firm or individual authorised under the Financial Services and Markets Act 2000 (FSMA)) or a person connected to an authorised person. It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 14 | Enforcement: market abuse and insider dealing investigations This practice note considers the FSA's investigatory and enforcement powers in respect of the offences of market abuse and insider dealing. It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 15 | Enforcement: notice of and preparation for investigation This practice note outlines how the FSA notifies firms and individuals that they are to be subject to an FSA investigation. It suggests ways in which those under investigation can prepare and deal with some of the issues arising. This pratice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 16 | Enforcement: preventing a referral to enforcement This practice note considers the key notification requirements to which FSA authorised persons are subject and the supervisory and thematic visits which the FSA carries out. It outlines the action which an authorised person can take, in consultation with the FSA, to seek to avoid a referral to the FSA's Enforcement and Financial Crime division in relation to any identified concerns. Although this practice note refers throughout to firms, it is also relevant to individuals authorised under the Financial Services and Markets Act 2000 (FSMA). This practice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 17 | Enforcement: referral to enforcement This practice note outlines the process by which matters are referred to, or otherwise come to the attention of, the FSA's Enforcement and Financial Crime division. It also identifies how the FSA uses enforcement as a regulatory tool and selects which cases to investigate. This practice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 18 | Enforcement: Regulatory Decisions Committee: procedure ... This practice note outlines the role of the Regulatory Decisions Committee (RDC) and the procedure followed by the RDC. It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 19 | Enforcement: senior management investigations This practice note outlines the FSA's powers and the process it follows to investigate senior management. It suggests ways in which firms and individuals can deal with FSA investigations of senior management. This practice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 20 | Enforcement: settlement and mediation This practice note considers the FSA's settlement process and penalty discount scheme and offers some practical tips for firms and individuals. It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 21 | Enforcement: skilled persons reports This practice note outlines the FSA's power under the Financial Services and Markets Act 2000 (FSMA) to appoint a "skilled person". It also considers the role of a skilled person and the use of a skilled persons report by the FSA and a firm. This practice note is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 22 | Enforcement: the FSA's powers of investigation This practice note outlines the FSA's information gathering and investigatory powers under the Financial Services and Markets Act 2000 (FSMA). It is part of a practical guide to the FSA enforcement process, written by PLC Financial Services. For an index to the FSA enforcement process practical guide, see Practice note, A practical guide to the FSA enforcement process: index. | Practice notes | Maintained |
| 23 | FSA reform of client assets regime (2008-11): thematic work ... This note outlines the work of the FSA, from 2008-2011, to strengthen its client assets requirements in response to the issues highlighted by the financial crisis and the collapse of Lehman Brothers International (Europe) (LBIE). The key primary source material table in this document contains links to key primary source material and related PLC Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials. | Practice notes | 20-Jan-2012 |
| 24 | Legislation tracker: the Financial Services Act 2010 This legislation tracker monitors the progress of the Financial Services Act 2010 (FS Act) which received Royal Assent on 8 April 2010 and the statutory instruments to be made under the FS Act. For more information on the FS Act, see Practice note, the Financial Services Act 2010. | Practice notes | 31-Dec-2010 |
| 25 | NAPF corporate governance policy and guidelines on voting An analysis of the NAPF corporate governance policy and voting guidelines which are designed to assist investors in interpreting the provisions of the UK Corporate Governance Code when assessing a company's compliance with it. This note covers the November 2011 version of the NAPF corporate governance policy and voting guidelines, published on 25 November 2011. | Practice notes | Maintained |
| 26 | SIF interviews at the FSA: a practical guide In this practice note, the Financial Regulation Group at Slaughter and May provides a practical guide to FSA interviews for candidates applying to perform significant influence functions (SIFs) within FSA-authorised firms. | Practice notes | Maintained |
| 27 | The Financial Services Act 2010 This practice note provides an overview of the key provisions of the Financial Services Act 2010 (FS Act) which received Royal Assent on 8 April 2010. For further information on the progress of the FS Act prior to Royal Assent, see Legislation tracker: the Financial Services Act 2010. | Practice notes | Maintained |
| 28 | The fit and proper test for approved persons This note looks at the fit and proper test for approved persons. | Practice notes | Maintained |
| 29 | The FSA's expectations of non-executive directors in ensuring ... This practice note looks at the FSA's expectations of non-executive directors (NEDs) and outlines its recent proposals relating to NEDs which are aimed at improving corporate governance within regulated firms. | Practice notes | Maintained |
| 30 | The FSA's Statements of Principle and the Code of Practice for ... This note looks at the FSA's Statements of Principle and Code of Practice for Approved Persons. | Practice notes | Maintained |
| 31 | The role of the MLRO This note explains the applicable law and regulations applying to a firm's money laundering reporting officer (MLRO) and outlines the MLRO's key functions. For an overview of the uk money laundering regime, see Practice note, An overview of the UK money laundering regime. | Practice notes | Maintained |
| 32 | The Walker Review: status of recommendations This practice note sets out information about the Walker Review (the 2009 review of corporate governance in UK banks and other financial institutions), its terms of reference and the final recommendations reached. It also includes details about the status of each of the recommendations made about corporate governance in UK banks and other financial institutions. This includes information about boards of directors, the role of institutional shareholders, risk governance and remuneration. | Practice notes | Maintained |