Regulation Round Up - May 2020

The Financial Conduct Authority ("FCA") published a new  webpage  that explains that it is allowing firms to defer individuals' uncompleted continuing professional development ("CPD") hours to the next CPD year in the light of the COVID-19 pandemic.

The Prudential Regulation Authority ("PRA") published a  policy statement  (PS14/20) and  supervisory statement  (SS1/20) on the prudent person principle under the Solvency II Directive (2009/138/EC). 

The FCA published  issue 63  of Market Watch, its newsletter on market conduct and transaction reporting issues. The newsletter is intended to highlight that firms need to be more vigilant where there is an increase in the likelihood of potential leaks and rumours in the current market, and as more businesses are heading to the market to recapitalize or raise other funds, the FCA notes that there is far more inside information circulating than is usual. Firms are advised to consider whether their existing procedures,