On 1 April 2013, the division of the UK Financial Services Authority (FSA)'s regulatory functions took effect. The relevant regulators and institutions are now the Financial Conduct Authority (FCA), Prudential Regulatory Authority (PRA), Bank of England and Financial Policy Committee (FPC). The FCA and PRA have new handbooks. Firms should consider the impact of these changes on their disclosure documents and agreements.
View full memo, "New UK Financial Services Regulators Established and New Rulebooks Come into Effect"