Considerations for Financial Services firms in relation to COVID-19
The FCA expects financial services firms to take all reasonable steps to continue to meet their regulatory obligations, and to have sufficient contingency plans in place to continue to operate their business and service clients (where relevant) in emergency scenarios, such as in the event of a widespread outbreak of COVID-19. The FCA’s statement is available here.
Regulated firms must have appropriate systems, resources and procedures in place to ensure continuity in the performance of their regulated activities. Key business continuity planning (BCP) rules are contained in SYSC 4.1.6 of the FCA Handbook and apply to most regulated firms.
Factors to consider for effective BCP include resource requirements (people and assets), firm operations, internal and external communications, escalation and invocation plans, processes to validate the integrity of information affected by any disruption, and regular testing of BCP policies.
A firm’s BCP planning and related systems, resources and procedures to cope with emergency scenarios should be proportionate to the nature and scale of their business i.e. large banks will be expected to have more extensive systems and controls in place than small businesses.
Investment funds: A guide to marketing foreign funds in the Middle East
Our Charles Russell Speechlys funds team based in the GCC region, the UK and Luxembourg has created a guide to marketing foreign funds.
Africa Global Funds Webinar: Due Diligence for PE Funds in Africa
Victoria Younghusband joined the panel discussing the challenges around due diligence for funds in Africa.
Charles Russell Speechlys bolsters funds capabilities with the hire of Edyta Brozyniak as Partner
Edyta advises on fund formation of private equity and venture capital funds, co-investments, and investor negotiations.
Charles Russell Speechlys Africa Team advises Ascent Rift Valley Fund II
ARVF II will invest equity in leading small and medium-sized enterprises (SMEs) in Eastern Africa.
Charles Russell Speechlys advises Waverton on acquisition of Cornerstone Asset Management
Established in July 2010 and with offices in Edinburgh and Glasgow, Cornerstone offers wealth management and financial planning advice.
InvestAfrica: Checking in or Checking out? Financing Africa’s Hotels in 2021
The discussion examined the strategies investors and financial institutions can implement to mitigate the effects of the pandemic.
Charles Russell Speechlys continues international expansion with the hire of four new partners
We are delighted to announce the hire of four new partners across four of our offices.
Jessica Arrol Caws
FCA reminds firms that the fight against market abuse continues during lockdown – can you demonstrate that your policies are fit for purpose in a home working environment?
The fight against market abuse continues during lockdown – can you demonstrate that your policies are fit for purpose?
Public Company Update - November 2020
The November 2020 edition of our biannual Public Company Update.
European Single Electronic Format (ESEF) reporting
We take a closer a look at delays to ESEF electronic annual financial reporting implementation.
Climate-related financial disclosures for premium listed commercial companies
Reviewing the UK Government’s Green Finance Strategy and its proposals for a new climate-related disclosure rule for premium listed issuers.
Jessica Arrol Caws
Adams v Carey - What does this mean for SIPP providers?
Jessica Arrol explores the case of Adams v Carey, and analyses what it means for SIPP providers?
Charles Russell Speechlys advises the founder of Global Technical Realty on USD$1bn investment by KKR
We advised the founder and CEO of GTR, and his management team on an initial USD$1bn investment by a global investment firm.
FCA two year supervision strategy
In April 2019, the FCA sent a Dear CEO Letter to wholesale market broking firms, committing to taking a “tough stance”...
Property Week feature Melville Rodrigues’ lead role in the proposed new Professional Investor Fund
Financing arrangements: the impact of COVID-19 for borrowers
Considering the short and longer term impacts of the COVID-19 pandemic on financing arrangements.
The Financial Times, IPE Real Assets and Tech Register cover Melville Rodrigues’ lead role in the proposed new Professional Investor Fund
Brexit and Financial Services – After the Transition Period
What will happen after the transition period?
Social Impact Investing within the UK Real Estate Sector
A summary from Melville Rodrigues of the recent AREF and IPF event on social impact investing
Senior Managers and Certification Regime on 9 December 2019
All FCA regulated firms will become subject to the Senior Managers and Certification Regime (SM&CR) on 9 December 2019.