UK: the new financial regulatory framework - FCA and OFT memorandum of understanding

The Financial Conduct Authority, which formally came into existence this week, has published a memorandum of understanding setting out the way in which it will cooperate and work with the Office of Fair Trading: see here (pdf).

Pakistan: update on the corporate law review project

The Securities and Exchange Commission has provided an update with regard to the review of company law in Pakistan: see here (pdf).

UK: the new financial regulatory framework - the PRA's approach to banking and insurance supervision

Earlier this week the newly created Prudential Regulation Authority published documents setting out its approach to banking and insurance supervision: see, respectively, here (pdf) and here (pdf).

UK: the new financial regulatory framework - memoranda of understanding and a couple of PRA policy statements

Under the UK's new financial regulatory framework, which formally came into existence yesterday, memoranda of understanding are required in respect of financial crisis management and the co-ordination of engagement with EU and international committees and organisations. These memoranda have been published: see, respectively, here (pdf) and here (pdf).

The Prudential Regulation Authority, one of the new regulators, has also published a couple of new policy statements. The first, titled The Prudential Regulation Authority’s approach to enforcement: statutory statements of policy and procedure, is available here (pdf). The second, titled The power of direction over qualifying parent undertakings, is available here (pdf).

UK: the new financial regulatory framework

The UK's new financial regulatory framework formally came into existence today, with the creation of the Financial Policy Committee, the Financial Conduct Authority and Prudential Regulation Authority. The FCA and PRA Handbooks are available here. The FCA can be followed on twitter: see here.