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11 hours ago · The Financial Services (Banking Reform) Act 2013 (the Act) contains provisions that ‘ring-fence’ core activities to ensure that ‘as far as reasonably practicable that the carrying on of core activities by a ring-fenced body is not adversely affected by the acts or omissions of other members of its group’. 1 The Act defines ‘core activities’ as the regulated activity of accepting ...
11 hours ago · To the extent that: (1) a firm appoints a person to perform a function which, but for this rule, would be a certification function; (2) the appointment solely is to provide cover for a certification employee whose absence is reasonably unforeseen; and
