FCA publishes Quarterly KPIs, no clear trends indicative of firm responses to Brexit LeapRate

FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit

December 12, 2018 BY Valentina Kirilova

FCA publishes Quarterly KPIs, no clear trends indicative of firm responses to Brexit

UK financial regulator Financial Conduct Authority (FCA) has published its Authorisations Quarterly Key Performance Indicators (KPIs) as at September quarter. These indicators provide key metrics on the performance of the FCA’s Authorisations Division, including authorisations, cancellations, variations of permission, change in control, and passporting. The latter seems to be of most interest these days due…

October 10, 2018 BY LeapRate Staff

FCA issues MiFID passport proposals for a 'no implementation period' Brexit

UK financial regulator Financial Conduct Authority (FCA) has published two consultation papers, setting out its proposals in the event the UK leaves the European Union on March 29, 2019 without an implementation period - i.e., a so-called 'Hard Brexit'. It also set out its approach to the regulation of Credit Ratings Agencies, Trade Repositories and…

August 12, 2018 BY LeapRate Staff

FX Industry Week Review: Swissquote buys Internaxx, AxiCorp nabs One Financial, and lots more

The usually slow summer months of forex industry news were certainly spiced up this past week, with Mergers & Acquisitions headlining the parade. How much did Swissquote pay for online 'expat' broker Internaxx? Why did AxiCorp buy FCA regulated One Financial? There was also more with LeapRate exclusively reporting on a number of executive moves,…

August 09, 2018 BY LeapRate Staff

CySEC getting deluge of 'Hard Brexit' license applications, sets Sept 30 deadline

Cyprus financial regulator CySEC, in apparent response to an increase in CIF license applications from FCA regulated firms, has issued a notice that any firm wishing to ensure its application has time to work its way through the system before a possible 'Hard Brexit' in March 2019 needs to have its paperwork completed and submitted…

How would the FCA use the temporary transitional power or what firms and other regulated persons to do now

July 26, 2018 BY Valentina Kirilova

CSSF on Brexit-related applications by fund management companies

As per 30 March 2019, the United Kingdom intends to leave the European Union. In a worst-case scenario, no transition period will be agreed upon and the United Kingdom will consequently need to be considered as a third country as from 30 March 2019. Based on the current state of negotiations, entities need to consider…

July 24, 2018 BY LeapRate Staff

UK wealth managers warn of No-Deal Brexit consequences

The UK’s leading wealth management and financial advice association PIMFA has issued a notice which raises its concerns on the potential impacts of a ‘no-deal’ Brexit, and how it will affect both private investors as well as PIMFA’s member firms. PIMFA is the leading trade association for firms that provide investment management and financial advice to…

July 22, 2018 BY LeapRate Staff

FX Industry Week Review: Liquidity deals, Hard Brexit, Malta crypto regulation, and lots more

Which leading FX brokers set key technology relationships to improve liquidity distribution? And with which providers? What did the FCA have to say about an impending Hard Brexit for both inbound and outbound brokers? What do Malta's new cryptocurrency and blockchain laws mean? Answers to these questions and more appeared first or only at LeapRate.…

July 19, 2018 BY LeapRate Staff

FCA approach to Brexit: temporary passports and cliff edge risks

However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU, for UK firms looking to continue doing business with EEA clients. How might this temporary permissions regime look? What else is concerning the FCA at this stage, less than nine months before a Hard Brexit might take hold? The full text of Nausicaa…

July 12, 2018 BY Valentina Kirilova

ESMA warns UK entities to prepare for a no-MiFID hard Brexit

The European Securities and Markets Authority (ESMA) has announced that it is issuing a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the United Kingdom withdrawing from the European Union. As there is no assurance that a…

January 15, 2017 BY LeapRate Staff

Forex: British Pound trading below USD $1.20 following PM May comments on Hard Brexit

Breaking Forex News... It looks like the currency markets are in for another volatile week. Following weekend comments attributed to British Prime Minister Theresa May - that in a speech later this week she will apparently outline a Hard Brexit plan - the British Pound began the week down nearly 2% in early Monday trading…

Tag: Hard Brexit