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Industry News

FCA provides details on consumer investments strategy and feedback statement

by Leela|4 November 2021|Industry News

BACKGROUND On 15 September 2021, the Financial Conduct Authority (“FCA”) published a three-year consumer investment strategy plan (the “Strategy Plan”), in consideration of responses received in relation to its call for input focused on reducing harm in the consumer investment market, circulated a year ago. In this Strategy Plan, the FCA offered more details on […]

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Setting the Environmental, Social & Governance (“ESG”) benchmark – The ILPA ESG Framework

by Leela|14 October 2021|Industry News

The Institutional Limited Partners Association (“ILPA”) has recently released an ESG assessment framework (the “Framework”) to help limited partners (“LPs”) assess the ESG approach and integration adopted by fund managers. ILPA has commented that the Framework is designed to help LPs evaluate and benchmark general partners’ (“GPs”) responses to due diligence efforts, inform goal-setting conversations with GPs […]

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Webinar: Which law prevails?

by Leela|8 October 2021|Industry News

While it is indisputable that governing law clauses are important, this case law evidences how essential it is and what the court’s approach is in the event that no governing law clause is present.

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Cleveland & Co are proud to share our feature in The History of Parliament Trust book on British leadership and innovation

by Leela|7 October 2021|Industry News

Cleveland & Co are delighted to be featured in the official History of Parliament Trust publication entitled ‘300 Years of Leadership and Innovation’, where we will be featured in the Women in Leadership chapter which includes innovative companies that are run by women, profiles of female professionals and organisations that champion “women in business”. The […]

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FCA portfolio letter for investment-based crowdfunding firms

by Leela|30 September 2021|Industry News

On 17 August 2021, a portfolio strategy letter (the “Letter”) was published by the Financial Conduct Authority (the “FCA”) for firms belonging to the investment-based crowdfunding (“IBCF”) market. The aim of the FCA’s Letter is to ensure that crowdfunding firms are promoting investment opportunities in an appropriate manner to assist consumers in gaining an understanding […]

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FCA speech on LIBOR transition

by Leela|28 September 2021|Industry News

BACKGROUND On 5 July 2021, Edwin Schooling Latter, the Director of Markets and Wholesale Policy at the Financial Conduct Authority (the “FCA”) gave a speech on the transition from the London Interbank Offered Rate (“LIBOR”), which was first raised by Andrew Bailey four years ago. WHAT IS LIBOR? LIBOR is a benchmark interest rate used […]

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FCA review activities of host authorised fund management firms

by Leela|7 September 2021|Industry News

On 30 June 2021, the Financial Conduct Authority (the “FCA”) published its findings following a multi-firm review on host authorised fund managers (“AFMs”) who outsource investment management to external third parties. The FCA visited a selection of host AFMs between Q4 2019 to Q4 2020 with the aim to assess the effectiveness of the governance, […]

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