Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. It is the third step in the CISI's qualification pathway. Current regulation will need to be adapted to make it relevant for crypto-assets classed as financial instruments – this will happen mostly at national level until the overarching EU approach is clarified. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences. putting in place safeguards for the stability of the financial system. LS23 6AD, Tel: +44 0844 800 0085 [Year 12 and Year 13 Enrichment Task], Competition policy - an investigation into government intervention to promote competition in markets [Year 12], Nationalisation and Commercial Banks [Year 13 Enrichment Task], Adam Tooze: The current financial and economic crisis, Regulatory failure in the UK electricity industry, Finance & Financial Crises (Ha-Joon Chang), Horizontal integration: Viagogo buys rival StubHub in $4bn deal, Contestable Markets: Google to offer banking current accounts. The BoE's Financial Policy Committee (FPC) is responsible for macro-prudential regulation of the UK financial system and has powers to make recommendations to the regulators in certain circumstances. Financial regulation refers to the rules and laws firms operating in the financial industry, such as banks, credit unions, insurance companies, financial brokers and asset managers must follow. Boston House, Share: To help us improve GOV.UK, we’d like to know more about your visit today. See Terms of Use for more information. Regulators will focus their efforts on awareness of anti-money laundering, counter terrorist financing and suspicious transaction reporting requirements, and the application of anti-money laundering standards to virtual assets. Find out more about where you could fit in and how to apply. Current regulation will need to be adapted to make it relevant for crypto-assets classed as financial instruments – this will happen mostly at national level until the overarching EU approach is clarified. Just to turn to the FCA’s role, the FCA will continue to work closely with Europe, and will expand its involvement in global policymaking. The regulators. UK Financial Regulation Entry Requirements None Study Time 90 hours Syllabus The Regulatory Environment The Financial Services and Markets Act 2000 & Financial Services Act 2012 Associated Legislation and Regulation We have identified four medium-term trends, ten cross-sector themes of strategic significance, as well as a number of additional themes specific to each of the Banking, Capital Markets, Insurance and Investment Management sectors. West Yorkshire, Firms will need to prove they can manage the full range of technology and resilience risks they face, especially as some supervisors will deploy new means of evaluating and understanding firms’ approaches and resilience. We use this information to make the website work as well as possible and improve government services. The UK will not, however, implement the EU’s Central Securities Depositories Regulation (CSDR), due to come into force in February 2021. All content is available under the Open Government Licence v3.0, except where otherwise stated, National restrictions in England from 5 November, Competition Act 1998 cases in the sectors regulated by UKCN members, Joint statement of support for IFRS Foundation consultation on sustainability reporting, FCA climate risk plans welcomed by Pensions Minister, Financial Conduct Authority's plans for climate-related financial disclosures, Advising on Pension Transfers (CP17/16, PS18/6) 2/2: RPC Opinion, Transaction cost disclosure in workplace pensions: RPC Opinion, Financial Conduct Authority review of retained provisions of the Consumer Credit Act: final report, Statement of intent for the dormant accounts financial inclusion programme, Financial Conduct Authority (FCA) Annual Report and Accounts 2019/20 (for the year ended 31 March 2020), See all transparency and freedom of information releases, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. Firms will need to focus on managing the impact of Brexit in terms of market access, risk management of back-to-back booking models, oversight of intra-group outsourcing, the internal model approval process, and legal entity optimisation.

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