Our Thinking · Regulatory & Compliance
In the FCA’s 2015/2016 Business Plan, following feedback from their wholesale sector competition review which was published in February 2015, the Asset Management Market Study was announced. Ensuing this, the following concerns have been raised and have become the underlying scope for the market study:
Our Thinking · Public Funds · Regulatory & Compliance
In December 2015, the FCA published their Thematic Review on the Suitability of investment portfolios at Wealth Management Firms and Private Banks (the “Report”). In the Report the FCA has presented its findings from the assessment of over 150 files collected from 15 firms in regards to the suitability of retail investment portfolios to investors. […]
Our Thinking · Regulatory & Compliance
On 30 November 2015, the FCA held another MiFID II Implementation roundtable meeting where the standards along with various matters concerning the regulators approach towards the implementation of the upcoming directive were discussed. Below we have provided summaries of the key take away points:
Our Thinking · Regulatory & Compliance
In anticipation of MiFID II and the numerous changes the directive is expected to bring to the EU financial markets, one of the hot topics has been ESMA’s proposal for reform of the current regime for use of dealing commissions. ESMA had proposed that asset managers should pay for research from a separate account, with […]
Our Thinking · Regulatory & Compliance
The FCA has continuously pursued the initiative of increasing transparency in the financial services industry and ensuring the best possible investor outcomes. As part of this initiative, the regulator is seeking to improve complaints handling procedures, by increasing process transparency and encouraging firms to deal more effectively with complaints handling. In the PS15/19 Policy Statement […]
Our Thinking · Regulatory & Compliance
On 2 December 2015, the European Securities in Markets Authority published an update of their Q&A on the Alternative Investment Fund Managers Directive (“AIFMD”). Due to AIFMD’s comprehensive regulatory framework and extensive requirements the cross border management of AIFs can sometimes prove complicated and complex for managers.
Our Thinking · Regulatory & Compliance
In November 2015, as part of the Financial Conduct Authority’s Project Innovate, the FCA published a call for input in regards to supporting the development and adoption of RegTech. With its publication, the regulator aims to help the UK capitalise on the development and commercialisation of new business models and disruptive innovation (collective referred to […]
Our Thinking · Regulatory & Compliance
On 9 November the Financial Stability Board, chaired by Mark Carney, Governor of the Bank of England, published its first annual report to the G20 on the Implementation and effects of the G20 financial regulatory reforms.
Our Thinking · Regulatory & Compliance
In a publication from 10 November 2015, the Financial Conduct Authority (“FCA”) has announced its plans for implementing a ‘regulatory sandbox’ allowing businesses to test out new and innovative financial products, services or business models without incurring all the normal regulatory consequences of engaging in those activities. This publication marks the first anniversary of the […]
Our Thinking · Regulatory & Compliance
The MiFID II Regulatory and Implementing Technical Standards presented to the ESMA Board of Supervisors (“BoS”) on 24 September have now been published. On 22 October 2015 the FCA held a MiFID II Implementation roundtable meeting where the standards along with various matters concerning the regulators approach towards the implementation of the upcoming directive were […]
When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.
We use cookies to analyse site traffic and improve your experience. You can accept or reject analytics cookies. See our Cookie Policy.