Overview

Stephenson Harwood's regular round-up of news, speeches and publications on financial services regulation and enforcement in the UK.

Content includes:

- OFT to focus their unauthorised overdraft charges investigation on three banks
- Tripartite Authorities use special resolution regime powers under the Banking Act 2009 for the first time
- Basel Committee on Banking Supervision Chairman outlines strategy and initiatives for the banking sector in response to the financial crisis
- European Commission consults on amending the CRD in relation to the trading book and complex securitisations
- OPSI publishes the Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009
- OFT publishes report on operations of the Payments Council
- The FSA confirms guidance released by the IMA to facilitate electronic transfer of authorised investment fund units
- The FSA and HM Treasury launch new Moneymadeclear service
- The FSA publishes speech on firms’ TCF assessment as part of its core supervisory process
- The FSA reminds compliance officers of firms’ responsibilities under CASS
- The FSA publishes amended controller regime Handbook provisions
- The FSA bans director for advice failings
- The FSA’s market abuse strategy leads to further arrests for insider dealing
- The FSA’s first criminal prosecution for insider dealing results in a guilty verdict



To read more, click 'View Briefing'