Connections

4/29/2026 9:38:15 AM

Notice in a nutshell: PRA fines U K Insurance Limited £10,625,000 in connection with solvency reporting

By Katie Stephen Joe Smallshaw

On 10 March 2026, the Prudential Regulation Authority (PRA) published a Final Notice imposing a financial penalty of £10,625,000 on U K...

4/27/2026 2:54:13 PM

Notice in a Nutshell: FCA fines Dinosaur Merchant Bank £338,000 for market abuse surveillance failures in its CFD business

By Katie Stephen Rebecca Dulieu

On 24 March 2026, the Financial Conduct Authority (FCA) issued a Final Notice to Dinosaur Merchant Bank Limited (DMBL), imposing a...

4/27/2026 1:10:03 PM

AI in financial services: Why firms cannot afford to wait for regulation

By Jonathan Herbst

The big question for any firm is what to do about the development of AI. There is a large literature already in relation to this from the...

4/27/2026 1:00:50 PM

SMCR reform: Key aspects of firm and individual notifications

By Matthew Gregory

The changes to SMCR published by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) on 21 April have...

4/23/2026 9:51:29 AM

The new 'ODSE regime' for English men's football

By Matthew Gregory Joshua Creutzberg

What to expect and how to prepare Read the full article here Football clubs across the top five tiers of English men’s football are set...

4/16/2026 3:10:43 PM

Notice in a Nutshell: PRA fines bank and its parent company £2 million in connection with prudential and governance failings

By Katie Stephen Joe Smallshaw

On 23 March 2026, the Prudential Regulation Authority (PRA) issued a Final Notice to The Bank of London Group Limited (BLG) and its...

4/2/2026 4:21:48 PM

New Termination Provisions for PSR contracts

By Matthew Gregory Haris Karacosta

The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations2025 (Termination Regulations) provide greater...

2/24/2026 3:48:33 PM

The FCA’s approach to crypto and the Consumer Duty: Good or bad news?

By Jonathan Herbst

There is arguably a tension at the heart of the Financial Conduct Authority's (FCA) attitude to crypto, particularly in the retail...

2/19/2026 4:39:28 PM

Notice in a nutshell: FCA fines oil rig consultant for insider dealing

By Katie Stephen

Last month, the Financial Conduct Authority (FCA) published a Final Notice to Russel Gerrity, imposing on Mr Gerrity a financial penalty...

1/29/2026 12:32:32 PM

Notice in a nutshell: FCA fines two former finance directors in connection with misleading announcements

By Katie Stephen Chris Pearson Mark Craggs

On 7 January 2026, the Financial Conduct Authority (FCA) published Final Notices fining two former Finance Directors for their part in...

1/26/2026 11:52:32 AM

Notice in a nutshell: International professional body supervisor censured for failings in anti-money laundering supervision

By Katie Stephen Catherine Pluck Zara Khan

On 28 November 2025, the Financial Conduct Authority (FCA) published a Final Notice in respect of the Institute of Certified Bookkeepers...

1/23/2026 1:56:49 PM

Notice in a nutshell: Building society fined £44 million for failings in financial crime controls

By Katie Stephen Catherine Pluck Joe Smallshaw

On 12 December 2025, the Financial Conduct Authority (FCA) published a Final Notice imposing a fine of £44,078,500 on Nationwide Building...