Upcoming Broker Club Events

Following the FCA's publication of their "Dear CEO" letter, regarding the use of TTCA and the Matched Principal Exemption, Katharine Leaman, of Leaman Crellin, will lead our discussion on firms' compliance obligations in relation to the use of TTCAs. The FCA's letter can be read HERE If you would like to attend this video conference, please email: events@thebrokerclub.org

Terry Sahathevan and the team will provide their weekly regulatory update. This week's session will focus on a new prudential policy regime. The discussion will be based on two recent publications from the FCA and HM Treasury. On 23 June 2020, the FCA published its long-awaited Discussion Paper on a new prudential regime for MiFID investment firms, to be based on the EU Investment Firms Directive and Regulation (“IFD” and “IFR” respectively), which are due to be implemented in June 2021…

The Global FX code with Leman Crellin.   This session will look at the Global FX Code, and cover in detail: What areas firms need to focus on Current state of the Global FX code and future play Critical aspects that firms have to cover Execution and Risk Mgmt. Liam Crellin will lead the discussion and as a member of the FX Code committee he will be able to share valuable insight exclusively for Broker Club members. If you would like…

Dr Mustafa Cavus, from Monte Carlo Plus, will review the FCA business plan for firms, looking at its focus on consumer protection and its possible impacts on firms, customers and the UK market as a whole. In June 2020 the FCA published two very important pieces of documentation, for both investment and brokerage firms: (1) the final guidance on capital - FG20/1 assessing adequate financial resources and (2) the discussion paper DP 20/2 to consult on its proposed approach to…

Preventing, detecting and punishing market abuse is a high priority for the FCA. It protects consumers, enhances the integrity of markets and promotes competition. This session from Leaman Crellin Limited will go through the different types of market abuse offences and the sanctions for committing market abuse. It will show you where to find the regulations covering market abuse. This is part of a series of round tables on market conduct, in conjunction with Leaman Crellin. If you would like to attend…

Following on from the Prudential Capital Requirements round table, Dr Mustafa Cavus, from Monte Carlo Plus, will be discussing how firms benchmark their prudential capital requirements, and will also look at firms' use of peer benchmarking. The June 2020 FCA publications on assessing adequate financial resources (FG 20/1) and the proposed approach to the new prudential regime (DP 20/2) represent a significant change for assessing firms’ capital requirements. The new K-factor approach means that firms have to compute K-factors from…

The FCA conducts its own surveillance of the markets in order to detect attempts or incidents of actual market abuse. This session from Leaman Crellin Limited will discuss the FCA’s supervisory approach including their use of data, supervision and work with the markets. There will also be a discussion about understanding when an investigation might be underway and the options available to the FCA when they detect market abuse. This is part of a series of round tables on market conduct,…

Following on from the Prudential Capital Requirements round table, Dr Mustafa Cavus, from Monte Carlo Plus, will lead our discussion on firms can use modelling, both scenario and correlation based, to use their capital more efficiently. Within investment management and brokerage industry, relevant data for operational risk modelling is hard to find, though 60-70% of the prudential capital requirement relates to operational risk. The majority of the historical loss data relates to minor loss amounts and most of these are…