Regulation Matters February 2020

2 | Regulation Matters - Issue 147

IN THIS ISSUE

Who is it relevant to? Summary

Action recommended / for your information?

Subject

TRUST REGISTRATION (MLD5)

All firms

HMRC has issued a technical consultation on its plans to implement the Fifth Money Laundering Directive’s requirement to maintain a register of ‘express’ trusts. Policy statement following CP19/17. Important changes to Mortgage Advice and Selling Standards Summary of the outcomes of the lead cases against the Old British Steel Pension Scheme. Consultation paper covering the proposed maximum levy that can be imposed on firms. Bill requiring FCA to make rules for authorised persons to owe a duty of care to consumers is reintroduced to the House of Lords. Actions recommended in last month’s issue of Regulation Matters (issue 146).

For your information

PS20/01: MORTGAGE ADVICE AND SELLING STANDARDS BRITISH STEEL PENSION SCHEME – FINAL DETERMINATIONS

Mortgage Advisers

Action recommended

Firms in the DB transfer market

For your information

FSCS MANAGEMENT EXPENSES LEVY

All firms

For your information

FINANCIAL SERVICES DUTY OF CARE BILL 2019-20

All firms

For your information

REMINDER OF KEY REGULATION MATTERS

All firms

For your information

REGULATORY MATTERS ON THE HORIZON

Overview of FCA planned activity.

All firms

For your information

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