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by Emma Cleveland|29 October 2014|Industry News
In a speech at the British Bankers’ Association’s (“BBA”) Market Abuse Conference on the 7th of October, Patrick Spens, the FCA’s Head of Market Monitoring, addressed the regulator’s concern with, and ongoing pursuit of, market abuse. Mr Spens outlined that market abuse remains a high priority for the FCA as it is integral to maintaining […]
Read moreby Emma Cleveland|7 October 2014|Industry News
In a response to the Treasury Select Committee’s inquiry on SMEs, Sean Martin, General Counsel of the FCA, has issued a letter to Andrew Tyrie, published on 19 September 2014, in which he has explained the legal opinions used by the FCA in their decision to treat loans similar to interest rate hedging products (IRHPs) […]
Read moreby Emma Cleveland|7 October 2014|Industry News
In a letter to Andrew Tyrie dated 19 September 2014, the FCA’s CEO, Martin Wheatley, has expressed the regulator’s concern with high-frequency trading (“HFT”) and dark pools. Mr Wheathley has confirmed that the FCA is looking to implement provisions in the new MiFID II, which would preserve the integrity of the market and alleviate the […]
Read moreby Emma Cleveland|7 October 2014|Industry News
In his speech at the FCA MiFID II Conference on 18 September 2014, David Lawton addressed a number of key areas where the new directive will seek to achieve a balance between regulation and effectiveness. The FCA Director of Markets explained that although agreement has already been reached regarding MiFID II, the obligations do not […]
Read moreby Emma Cleveland|3 September 2014|Industry News
As part of its “Innovate” project, the FCA are calling for input from firms in order to help clarify regulatory uncertainty in the financial services sector. In a recent statement the regulator asks firms to submit examples of situations where they believe they have been subject to retrospective application of regulatory rules. The call for […]
Read moreby Emma Cleveland|29 August 2014|Industry News
The date has come! The UCITS V Directive was published in the EU Official Journal yesterday, 28 August 2014. Member states have until 18 March 2016 to transpose UCITS V into national law. Please see our previous posting for further information. Click here for the full published text. Should you require any advice or information on […]
Read moreby Emma Cleveland|7 August 2014|Industry News
There has been a flurry of papers produced over the last 6 months in relation to the use of dealing commissions, and the industry seems headed for a new world of unbundling. What are firms going to do?
Read moreby Emma Cleveland|29 May 2014|Industry News
On 20 May 2014 the National Association of Pension Funds (NAPF) published a new guide to help pension funds fully understand transition management (TM) and what to consider when choosing a transition manager.
Read moreby Emma Cleveland|28 May 2014|Industry News
On 19 May 2014 the Association of British Insurers (ABI) published a revised Guide to Good Practice for Unit-Linked Funds.
Read moreby Emma Cleveland|6 May 2014|Industry News
The FCA has recently completed the second stage of its thematic review on how firms and advisors are implementing RDR requirements. TR 14/6 focuses on whether firms are complying with the disclosure requirements.
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