January 2016

The Mortgage Credit Directive is a framework of conduct rules for mortgage firms that was introduced by the EU in 2014 and comes into effect in the UK on the 21st of March 2016. Most of the MCD covers pre-sale areas like advertising and disclosure, areas that are already tightly regulated in the UK. As…

The Senior Managers Regime represents the first major regulatory change of 2016. The joint FCA and PRA initiative comes into effect for senior bankers on the 7th of March, with plans in place to extend the programme during 2018 to cover brokers, consumer credit firms, insurers, investment firms and asset managers. Once the Senior Managers…