The Financial Services Act which comes into force from 1 April 2013 will implement the Government’s commitment to strengthen the financial regulatory structure in the UK. This Act, together with accompanying secondary legislation, will bring important changes to the way firms are regulated in the UK.
Thomson Reuters Accelus are running a one hour webinar examining the new Threshold Conditions (TCs), which are an important part of this new regulatory structure.This is a must attend webinar as the new TCs have very little in common with their predecessors. For example, the redrafted TCs have introduced The Business Model Threshold Condition which is completely new and has no parallel under the current regulatory framework.
The new regulatory bodies, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) will be proactive in ensuring that business across financial services and markets is conducted in a way that advances the interests of all users and participants. If your firm does not meet the new TCs it will have its authorisation withdrawn and will not be able to take part in regulated activity.
These TCs mark a seismic shift in the regulatory landscape. Firms need to plan now for how they will satisfy them.
Register today
SPEAKER DETAILS
Susannah Hammond, Senior Regulatory Intelligence Expert, Thomson Reuters joined the regulatory affairs team from GE Capital Bank where she was
head of compliance. Susannah has more than 20 years’ wide-ranging
experience in international and UK financial services. A qualified
chartered accountant, Susannah began her compliance career at SG Warburg
where she became head of European compliance and has held regulatory and compliance leadership roles at Caspian Securities, PricewaterhouseCoopers and the Halifax
Group.
Jane Walshe, Senior Regulatory Intelligence Expert, Thomson Reuters
has over 15 years’ regulatory and compliance experience. A trained
barrister and member of the Securities Institute she has worked in the
FSA’s enforcement division, as a compliance consultant, and in house at
BP and JP Morgan Chase. She has particular expertise in the changing
regulatory approach to the responsibilities of senior managers in firms
and has provided advice and training to these groups across the
industry.
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