Regulations & laws

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  • Financial Conduct Authority (FCA): Banking: Conduct of Business Sourcebook (BCOBS): Sch 1

The FCA’s Banking: Conduct of Business Sourcebook (BCOBS) applies to firms when they accept deposits from banking customers and is predominantly aimed at protecting retail customers in respect of banking and payment services they receive. Its key recordkeeping requirement relates to notifications of cancellation rights. Read more […]

 

  • Financial Conduct Authority (FCA) Client Assets Sourcebook

The FCA’s Client Assets Sourcebook (CASS) provides rules for firms to follow whenever the firm holds or controls client money or safe custody assets. CASS helps ensure the safety of client money and assets if a firm fails and leaves the market. Read more […]

 

  • Financial Conduct Authority (FCA) Conduct of Business Sourcebook

The FCA’s Conduct of Business Sourcebook (COBS) applies to firms conducting the following activities from an establishment, or through an appointed representative, in the United Kingdom: (1) selling activities relating to long-term insurance, (2) designated investment business, or (3) any activities connected to them. Read more […]

 

  • Financial Conduct Authority: Investment Funds Sourcebook (FUND) and Collective Investment Schemes Sourcebook (COLL): Sch 1

The FCA’s Investment Funds Sourcebook (FUND) and Collective Investment Schemes Sourcebook (COLL) set out requirements for managers and depositories of authorised and unauthorised investment funds. Read more […]

 

  • Financial Conduct Authority (FCA): Consumer Credit Sourcebook (CONC): Sch 1

The FCA’s Consumer Credit Sourcebook (CONC) applies to all credit-related regulated activities, including consumer loans, credit cards, consumer hire, credit broking, and debt-related services. Read more […]

 

  • Financial Conduct Authority (FCA) Dispute Resolution: Complaints Sourcebook

The FCA’s Dispute Resolution: Complaints Sourcebook (DISP) outlines how complaints should be dealt with by firms, payment service providers, electronic money issuers, CBTL firms, designated credit reference agencies, designated finance platforms, VJ participants, and the Financial Ombudsman Service. Read more […]

 

  • Financial Conduct Authority (FCA): Insurance: Conduct of business Sourcebook (ICOBS): Sch 1

The FCA’s Insurance: Conduct of Business Sourcebook (ICOBS) applies to firms that carry out insurance business that is not life insurance business, including effecting and carrying out contracts of insurance, arranging and advising on them, acting as a managing agent in the Lloyd’s insurance market or communicating or approving relevant financial promotions. Read more […]

 

  • Financial Conduct Authority (FCA) Market Abuse Regulation Sch 1

The FCA’s Market Conduct Sourcebook (MAR) provides guidance for firms and individuals to avoid engaging in market abuse and to determine whether their behavior would be considered suspicious to the FCA. Link to the FCA’s table of record keeping requirements found in MAR. Read more […]

 

  • Financial Conduct Authority (FCA): Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB): Sch 1

The FCA’s Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB) applies to firms that carry out lending and selling of a range of home finance products including mortgages, home purchase plans, home reversion plans, lifetime mortgages and sale and rent back agreements. Read more […]

 

  • Financial Conduct Authority (FCA): Social Media and Customer Communications Guidance

In the UK, the Financial Conduct Authority (FCA) released a guidance consultation paper outlining its supervisory approach to financial promotions in social mediaRead more […]

 

  • Financial Conduct Authority (FCA) Supervision Sourcebook Sch 1

The FCA’s Supervision Manual (SUP) addresses the day to day relationship between the FCA, authorized persons (firms), key individuals within them, their appointed representatives and tied agents, and those who own or control them. Read more […]

 

  • Financial Conduct Authority (FCA) Senior Management Arrangements, Systems and Controls Sourcebook (SYSC) Sch 1

The FCA’s Senior Management Arrangements, Systems and Controls Sourcebook (SYSC) was created to encourage firms to vest responsibility for effective and responsible organizations and to create a common platform for organizational and system controls requirements for all firms. Read more […]

 

  • FINRA Rule 2210: Communications with the Public

FINRA 2210(b)(4)(A) outlines the recordkeeping requirements for retail and institutional communications. These mirror current recordkeeping requirements and incorporates by reference the medium, retention period, and recordkeeping format included in SEA Rule 17a-4. Read more […]

 

  • Markets in Financial Instruments Directive (MiFID) article 51(3)

Markets in Financial Instruments Directive (MiFID) article 51(3) is a European Union law that provides harmonised regulation for investment services across the 31 member states of the European Economic Area. Read more […]

 

  • Markets in Financial Instruments Directive (MiFID)

The Markets in Financial Instruments Directive (MiFID) is an EU law that harmonizes EU regulation of investment services. MiFID’s objectives are to increase competition and consumer protection in investment services. In April 2014 the EU approved MiFID II, which expands the scope of MiFID. It will come into effect January 3, 2018. Read more […]

 

  • Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) Rules

Financial Institutions carrying on a range of regulated activities in the UK will be regulated by the PRA and FCA (for banks, insurers and certain large investment firms) and by the FCA (for all other firms). PRA and FCA rules contain a complex web of regulatory requirements, with records to evidence compliance as key to many of them. Read more […]

 

  • Recordkeeping Requirements for Certain Financial Records (Regulation S)

Subpart B of Regulations S is meant to assist in prosecuting money laundering activities, in addition to being useful in criminal, tax, or regulatory investigations or proceedings. Read more […]

 

  • SEC & FINRA Communications Rules

The Communications Rules are made up of NASD Rules 2210 and 2211 and NASD Interpretive Materials 2210-1 and 2210-3 through 2210-8 as Financial Industry Regulatory Authority (FINRA Rules) 2210 and 221 through 2216. Additionally, the Securities and Exchange Commission (SEC) deleted certain provisions from Incorporated NYSE Rule 472, its supplementary material, and rule interpretations. Read more […]

 

 

LS Consultancy assumes no liability for the accuracy or completeness of this information. Please refer to the applicable regulators website for specific information on specific rules and regulations and how they apply to your business.

 

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