Issue 107 of Butterworths Financial Regulation Service has now been published. This includes updated material in chapters 1 to 4, 14 and 15 (dealing with CONC 1, 2, 3, 13 and 14) written by Russell Kelsall.
In addition to reviewing the existing commentary, Issue 107 includes new commentary on:
– the FCA’s review of the retained provisions;
– CONC 2.11 (which was introduced on 1 October 2018 and deals with renumeration and performance management policies, procedures and practices);
– the Advertising Standards Authority’s recent increased interest in financial promotions for credit;
– the FCA’s views on the meaning of “enforcement” and the High Court’s decision in McGuffick v Royal Bank of Scotland plc [2009] EWHC 2386 (Comm).
We plan to review the remaining commentary, and publish new commentary, in Issue 108.