Financial Conduct Archives - The Industry Spread

Securities Regulator Modernizes Rules to Improve Investment Firms’ Understanding and Interpretation

August 25, 2019

The Investment Industry Regulatory Organization of Canada (IIROC) today published its Dealer Member Modernizes Rules in plain language (IIROC Rules), providing a clear, organized and modernized rewrite of IIROC’s existing Dealer Member Rules (DMRs).Approved by the Canadian Securities Administrators, the IIROC Rules will govern the activities of investment firms and, together with IIROC’s existing Universal Market Integrity Rules, comprise IIROC’s regulatory framework.

FCA Confirms Biggest Shake-up to the Overdraft Market for a Generation

June 16, 2019

The Financial Conduct Authority (FCA) has today confirmed it is introducing reforms to fix a dysfunctional overdraft market. These changes will make overdrafts simpler, fairer, and easier to manage and will protect the millions of consumers that use overdrafts, particularly more vulnerable consumers. The changes represent the biggest overhaul to the overdraft market for a generation.

IIROC-Regulated Investment Firms Increase Cybersecurity Preparedness

April 6, 2019

Canadian investment firms have taken concrete steps to put in place appropriate cybersecurity measures to manage threats and protect their clients and businesses, according to a survey completed by all firms regulated by the Investment Industry Regulatory Organization of Canada (IIROC).

Brexit: The FCA Confirms Final Rules for Firms

April 3, 2019

As the UK prepares to leave the EU, the FCA has been working to deliver a transition that is as smooth as possible. The package of documents published contains the majority of the final instruments and guidance, following the February publication of the FCA’s Policy Statement with near-final instruments.