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by Emma Cleveland|24 September 2015|Industry News
With around 35% of all assets managed in Europe being managed in the UK, the UK is a leading centre for fund management. The UK’s private equity and venture capital industry has continued to be the largest in Europe for a number of years and is accountable for more than €34 billion in investments being […]
Read moreby Emma Cleveland|17 September 2015|Industry News
Undertakings for collective investment in transferable securities (UCITS) are regulated investment funds which can be sold to the general public throughout the European Union, due to their increasing popularity the importance of having common and harmonised standards for investor protection is becoming increasingly important. UCITS V seeks to address this issue along with a number […]
Read moreby Emma Cleveland|8 September 2015|Industry News
On 17 July 2015, the Financial Conduct Authority (“FCA”) held a MiFID II Roundtable discussion aimed at providing updates on MIFID II implementing measures and addressing various potential implementation issues in the financial services industry, arising as a result of the new directive.
Read moreby Emma Cleveland|8 September 2015|Industry News
In line with the FCA’s initiative of improving complaints handling procedures through increased process transparency and providing further assistance to firms, the FCA have updated their Complaints Sourcebook.
Read moreby Emma Cleveland|8 September 2015|Industry News
There has been a significant amount of discussion around fund fees and expenses in the past few years as regulators aim to increase fee transparency to investors. In the UK, the FCA has published a number of studies and reviews on this matter (TR14/7 – Clarity of fund charges) and has also addressed this issue […]
Read moreby Emma Cleveland|2 September 2015|Industry News
The single market is one of the core objectives of the EU as a matter of policy guidance and also as a benchmark. Achieving free movement of capital throughout the EU is an indispensable part of the creation of a single market and the matter has been widely addressed on numerous occasions.
Read moreby Emma Cleveland|1 September 2015|Industry News
On 3 August 2015, City Minister, Harriett Baldwin launched a major new review (the Financial Advice Market Review) which looks to examine how financial advice could work better for consumers, building on the government’s pension reforms which have allowed people real choice and freedom over their savings and given them access to free and impartial […]
Read moreby Emma Cleveland|20 August 2015|Industry News
On 8 July 2015, the Chancellor George Osborne, presented the Summer Budget (the “Budget”). The Budget needs to be taken into consideration as it impacts both the tax benefits of all UK citizens and non-domiciled individuals. It will have direct and indirect implications upon the UK asset management industry. The Budget further develops the government […]
Read moreby Emma Cleveland|22 July 2015|Industry News
Background The Fair and Effective Markets Review (the “Review”) was launched by the Chancellor of the Exchequer and the Governor of the Bank of England in June 2014 for two main reasons: to reinforce confidence in the wholesale Fixed Income, Currency and Commodities (“FICC”) markets in light of the misconduct issues which have been prevalent […]
Read moreby Emma Cleveland|7 July 2015|Industry News
In his speech, Mr Carney focuses on the importance of the UK’s markets in serving our economy and outlines how the markets create new opportunities for UK businesses and savers. Much of the activity in our economy is reliant upon the fixed income, currency and commodity markets (“FICC”) and the stability of these markets has […]
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