by Emma Cleveland | 2017-04-13 | Our Thinking
On 15 September 2016 last year, the HM Treasury released a consultation on how the Fourth Anti Money Laundering Directive and the Fund Transfer Regulation would be implemented in the UK (the “Consultation”). As a result of the Consultation, the UK Government has made...
by Emma Cleveland | 2017-04-06 | Our Thinking
The FCA expects firms to deliver consistent best execution for their clients and have a strategy to ensure that all relevant parts of the business are compliant in ensuring best execution. The FCA expects a clear management responsibility and co-ordination between the...
by Emma Cleveland | 2017-03-29 | Our Thinking
In 2014, the FCA published a discussion paper on the use of dealing commission regime and a policy statement on the use of dealing commission rules. The discussion paper in particular sets out good and poor practices and on that basis, the FCA decided to visit 17...
by Emma Cleveland | 2017-03-23 | Our Thinking
On 30 January 2017, ESMA issued an opinion (the “Opinion”) which discusses the extent to which different types of units or shares (“Share Classes”) of the same UCITS (or its sub-fund) can differ from one another as a result of differing approaches amongst the EU...
by Emma Cleveland | 2017-03-15 | Our Thinking
HM Treasury has published its Policy Statement (“Statement”) regarding the transposition of MiFID II. The Statement follows HM Treasury’s earlier Consultation Paper that was published in March 2015. The Statement contains a summary of the responses submitted...
by Emma Cleveland | 2016-12-06 | Our Thinking
On 25 October 2016, the European Commission (“EC”) produced a communication on their work programme (the “Work Programme”) which set out their priorities for 2017, and was published for the European Parliament, the Council, the European Economic and Social Committee...
