Our Thinking · Regulatory & Compliance
In a speech held on 19 October 2015, as part of the FCA’s MiFID II conference, David Lawton, the FCA’s Director of Markets Policy and International, talked about the road and steps ahead in regards to the upcoming directive and in particular, the draft technical standards and delegated acts – implementing measures, which are starting […]
Our Thinking · Public Funds · Regulatory & Compliance
On 23 October 2015, HM Treasury published a Consultation on amendments to the UCITS Directive (UCITS V) (the “Consultation”). UCITS V will introduce a number of targeted reforms to the UCITS Directive with the objective of updating the legislative framework in order to ensure the safeguarding of UCITS fund operations across the EU, to lower […]
Our Thinking · Regulatory & Compliance
In the recent case of Worthington and Another v Lloyds Bank plc [2015] EWHC 2836 (QB), the High Court provides a helpful clarification for investment firms providing, and subsequently reviewing, investment advice to clients under the Financial Services and Markets Act 2000 (“FSMA”). The case would be of particular interest to such firms as it […]
Our Thinking · Regulatory & Compliance
On 19 October 2015, as part of the FCA’s MiFID II Conference, David Geale, the FCA’s Director of Policy, delivered a speech on investor protection under MiFID II and, in particular, the ways in which MiFID II will seek to improve investor protection and overall confidence in the markets. Below we have provided summaries of […]
Our Thinking · Regulatory & Compliance
In a speech held on 13 October 2015 Steven Maijoor, the Chair of the European Securities and Markets Authority (“ESMA”), discussed ESMA’s work in relation to the passport under the Alternative Investment Fund Managers Directive (“AIFMD”) in front of the European Parliament’s ECOFIN committee. Some of the key issues covered in Mr Maijoor’s speech included the functioning […]
Our Thinking · Regulatory & Compliance
On 1 October 2015, the European Securities in Markets Authority (“ESMA”) updated their Q&A on the application of the Alternative Investment Fund Managers Directive (“AIFMD”) in relation to depositaries.
Our Thinking · Regulatory & Compliance
In a publication issued on 9 October 2015, the HM Treasury and the Financial Conduct Authority (“FCA”) announced a call for input in regards to their Financial Advice Market Review (“FAMR”) which aims to look at how financial advice could work better for consumers (the “Consultation”).
Our Thinking · Regulatory & Compliance
On 30 September 2015, the European Commission (the “Commission”) published their Capital Markets Union (“CMU”) action plan on helping build a true single market across the 28 EU Member States and unlocking a free flow of capital throughout. Some of the key motivations for the launch of the CMU are to create a more favourable […]
Our Thinking · Regulatory & Compliance
On 16 September 2015, in a speech by Greg Medcraft, Chairman of the Australian Securities and Investments Commission (“ASIC”) and Chairman of the International Organization of Securities Commissions (“IOSCO”), the key topic of discussion was the future of the financial markets and the impact that technological innovation has had and will have on them. In […]
Our Thinking · Regulatory & Compliance
In two publications from 18 September 2015, the FCA discuss their principles and approach to supervision of flexible and fixed portfolio firms. The FCA’s publications will be of interest to both types of firms in regards to fulfilling their regulatory obligations and ensuring their investors’ best interests are sufficiently addressed.
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.