Following the FCA's Multi-firm review, published 23-October 2024, the FCA has laid out its expectations that firms should no longer expect to rely on the regulatory minimum approach to capital and liquidity requirements, in a move that will likely lead to increased capital and liquidity requirements for some CONC and MIPRU firms.
This week is a big week for product safety and liability. On 8 December the EU's product liability directive entered into force bringing with it an extension of liability and an extension of what might be considered a product, with the General Product Safety Regulation coming into force on 13 December.