On 8 January 2019 the FCA published a consultation paper, CP19/2, which sets out details of the financial services contracts regime (FSCR) and the rules the FCA proposes should apply to firms during the regime. The consultation closes on 29 January 2019. The legislative bones of the regime are set out in the draft Financial
HM Treasury has proposed a Temporary Permissions Regime (“TPR“) as a temporary measure to replace the passporting regime in Schedule 3 and 4 of the Financial Services and Markets Act 2000 (“FSMA“) in the event of a no-deal Brexit. The legislative framework for the TPR is found in the EEA Passport Rights (Amendment, etc., and
Felipe Vazquez Acedo and Guillermo Ruiz Barrilero, lawyers in our Madrid office, have written an article on the MiFID II delegated regulations on notification of qualifying holdings on the acquisition of an investment company and on authorisation requirements and their relationship to insurance and reinsurance undertakings. Click here to read more.