By The Enforcd Team

Competent Employees: Regulatory Requirements, Theory and Practice in Financial Services Firms

Every regulated company is obliged by law to ensure that its workers comply with the “Competent Employees Rule”, as detailed in the FCA and PRA handbooks. This article takes a look at what companies can do to demonstrate – to themselves, regulators and customers – that they only recruit people who have the appropriate skillset …

By The Enforcd Team

A Great or Terrible Year to be a Banking IT Manager?

Depending on your point of view, this is either a great, or a terrible year to be a banking IT manager. Three major regulatory burdens are in train: the second payment services directive (PSD2), the general data protection regulation (GDPR), and the second markets in financial instruments directive (MIFID2). It renders the European operations of …

By The Enforcd Team

Update on CFD Leverage Regulatory Changes

In December 2016, the Financial Conduct Authority (FCA) announced their proposals to tighten the rules around selling contracts for difference (CFDs). These complex and highly leveraged financial instruments have become extremely easy for retail investors to access in recent years. This has raised concerns that consumers are not being properly informed and are therefore not …

By The Enforcd Team

Enforcement Update Webinar with the BBA: Market Abuse takes centre stage

Enforcd are teaming up with the British Banking Association to give another Enforcement Update Webinar, with market abuse taking centre stage. Date:  Tuesday, May 16, 2017 Time:  11:00 AM British Summer Time Duration:  1 hour What will be covered: This interactive webinar will provide an overview of all UK financial services enforcement activity for the …