Our Thinking · Regulatory & Compliance
The Joint Committee of the European Supervisory Authorities (the “Committee”) has recently published a report on risks and vulnerabilities in the EU financial system.
Our Thinking · Regulatory & Compliance
On 20 September 2016, HM Treasury released their consultation to amend the definition of financial advice (the “Consultation”). This Consultation is the product of the Financial Advice Market Review (the “Review”) which was launched by HM Treasury and the FCA in March 2016. As a brief reminder, the purpose of the Review is to improve […]
Our Thinking · Regulatory & Compliance
The FCA have recently produced an alert that highlights some of the risks that authorised firms may encounter by accepting business from unauthorised introducers, lead generators and/or other authorised introducers. We have summarised the FCA’s alert and set out a checklist of steps firms should consider, please see below to access the document. Should you have […]
Our Thinking · Regulatory & Compliance
On the 4 and 5 September 2016, the G20 leaders met and President XI Jinping (chairing the summit) stated that one of the main issues and areas that the leaders need to focus on is the present global economy and the need to address volatility in the financial market through sustainable, balanced and inclusive growth. […]
Our Thinking · Public Funds · Regulatory & Compliance
Purpose The Board of International Organization of Securities Commission (“IOSCO“) have recently published a consultation paper in order to obtain stakeholders’ views on a set of proposed good practices for investors to voluntarily terminate collective investment schemes and other types of funds such as hedge funds, commodities and real estate. The IOSOC are producing these […]
Our Thinking · Public Funds · Regulatory & Compliance
Purpose The Board of the International Organization of Securities Commission (“IOSCO”) have recently published a consultation paper in order to obtain stakeholders’ views on a set of proposed good practices for investors to voluntarily terminate collective investment schemes and other types of funds such as hedge funds, commodities and real estate. The IOSOC are producing these […]
Our Thinking · Commercial & Corporate
Our key cases glance card contains practical take away points and drafting tips from some of the most notable cases of 2015 in regards to commercial contracts. Please click below to access it. Should you have any questions regarding any commercial contract matter, Cleveland & Co, your ‘External in-house Counsel’, is here to help.
Our Thinking · Regulatory & Compliance
The asset management industry has grown exponentially in the past decade, for example, through an increased variety of fund structures and cross border distribution. Consequently, this means that vulnerabilities associated with asset management activities need to be monitored. Therefore, since its launch in March 2015, the Financial Stability Board (“FSB”) has been addressing these potential […]
Our Thinking · Regulatory & Compliance
The FCA commissioned the Occasional Paper no.17 (the “Paper”) as a means of bringing together the views and opinions from both academics and the FCA in order to stimulate ideas and solutions with the aim of improving access to retail financial services. Instigating this type of conversation plays a part in the wider issues of […]
Our Thinking · Public Funds · Regulatory & Compliance
The FCA’s modification by consent of its Conduct of Business Sourcebook (“COBS”), rule 14, means that any firm that is required to provide a key investor information document (“KIID”) to a client must do so after the transaction has taken place rather than before. Initially, this modification was valid until June 2016 but it will […]
When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.
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