Pre-2002 FLP publications are collected for reference here. FMLC publications—primarily reports and correspondence—go back to 2003. All are available to view or download as a PDF, with collected volumes on specific topics available here. The 10 most recent publications are listed below.
Use the search function to search for specific publications, or use the tag cloud to browse the most frequent tags. Please note that the practice of assigning an "issue number" to topics has been discontinued, although older publications continue to be tagged with their issue number.
Click here for a complete list of FMLC publications in reverse-chronological order.
- Letter to the Department for Exiting the European Union: Legal Uncertainties relating to Insurance Business: 12 July 2018
The FMLC has sent a letter detailing the issues of legal uncertainty which arise in relation to insurance business in the context of Brexit. The letter draws attention to the uncertainties in identifying whether and when an insurer is providing …Brexit Department for Exiting the European Union establishment of an E.U. insurer in another member Financial Conduct Authority Insurance Insurance Interpretive Communication 2000 Ministry of Justice Part VII Transfers U.K. Withdrawal from the E.U.12 July 2018
As the U.K. and E.U. continue to negotiate their relationship in the context of the U.K.’s impending withdrawal from the E.U. (“Brexit”) and as U.K. insurers with clients in the E.U. begin to plan for the possibility that no deal …12 July 2018
On 23 November 2016, the European Commission published a package of reforms proposing fundamental changes to E.U. legislation on bank resolution and bank capital. One proposed amendment introduced additional moratorium powers giving relevant authorities new abilities to suspend payment or …13 April 2018
Distributed Ledger Technology (“DLT”) systems involve databases that are shared across digital networks. DLT systems are decentralised, borderless and span several jurisdictions, which can often lead to issues of legal uncertainty. Market infrastructures, regulated firms, members of the public and …27 March 2018
On the recommendation of members of the FMLC’s Advisory Group on Brexit, the FMLC wrote to the Ministry of Justice to draw attention to potential legal uncertainties arising from provisions in the European Union (Withdrawal) Bill (the “Withdrawal Bill”), which …Brexit European Union (Withdrawal) Bill 2017 Letter Ministry of Justice U.K. Withdrawal from the E.U.19 March 2018
Upon the U.K.’s withdrawal from the E.U., it is possible that the basis for the U.K.’s trade with the E.U. could take the form of: (1) U.K. membership of the European Economic Area; (2) a transitional arrangement; (3) a new …22 December 2017
The FMLC sent a letter to Nic Turner at the Ministry of Justice concerning the publication of a Government policy paper entitled Providing a cross-border civil judicial cooperation framework: a future partnership paper (the “Cooperation Paper”). The letter was written …23 November 2017
- Letter to Department for Business, Energy & Industrial Strategy: Business Contract Terms Regulations 2017: 7 November 2017
The FMLC has sent a letter to Francis Evans at the Department for Business, Energy & Industrial Strategy (“BEIS”) concerning the draft Business Contract Terms (Assignment of Receivables) Regulations 2017 (the “Regulations”). The letter examines the Regulations from a conflict …2017 Assignment of Receivables Regulations Business Contract Terms (Assignment of Receivables) Regulations 2017 Department for Business Energy and Industrial Strategy Letter07 November 2017
The FMLC has sent a letter to ESMA which explores a particular point of legal uncertainty flowing from Article 57 of Directive 2014/65/EU on markets in financial instruments (“MiFID II”). This article—which concerns position limits and position management controls in …Commission Delegated Regulation (EU) 2017/591 ESMA European Securities and Markets Authority Letter MiFID II MiFID II/MiFIR Regulatory Technical Standards RTS 2103 November 2017
In June 2017, the Bank of England’s Working Group on Sterling Risk-Free Reference Rates published a White Paper entitled SONIA as the RFR and approaches to adoption. The Working Group raises several issues of interest and recommends that the potential …2017 Bank of England Bank of England Working Group on Sterling Risk-Free Reference Rates Benchmark Reform Letter LIBOR SONIA Sterling Overnight Index Average09 October 2017