New UK rules for acquisitions or increases in control of financial firms enter into force
( November 1, 2024, 15:43 GMT | Official Statement) -- MLex Summary: UK financial regulators have set their new expectations for changes in ownership or control of Britain's regulated financial firms. The rules, which enter into force today, have been published by the Prudential Regulation Authority with a detailed guidance released from the Financial Conduct Authority. The rules were amended and simplified following Brexit.Policy statement, supervisory statement and finalized guidance are attached....
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