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 2014 in regards to commercial contracts. Should you have any questions regarding any commercial contract matter, Cleveland & Co is here to help.
Our Thinking · Regulatory & Compliance
On 18 February 2015, the European Commission published a consultation paper seeking responses to a number of questions concerning the effectiveness of the Prospectus Directive. The objective of the paper is to reform and reshape the current prospectus regime in order for it to better serve and facilitate capital raising with a particular focus on […]
Our Thinking · Regulatory & Compliance
On 13 March 2015 the FCA published its guidance on financial promotions in social media. In the FG15/4 Social media and customer communications guidance paper, the FCA discusses how firms can use social media in a manner that is compliant with regulatory rules. Below is an overview of the regulator’s guidance and findings:
Our Thinking · Regulatory & Compliance
On 24 March 2015 the Financial Conduct Authority set out the key areas of work it will undertake in the forthcoming financial year with the publication of its Business Plan for 2015/16. This is also the first year that its Risk outlook is published as part of the Business Plan. The Chief Executive of the […]
Our Thinking · Regulatory & Compliance
On 5 March 2015 the FCA published its Thematic Review 15/2: Structured Products: Thematic Review of Product Development and Governance (TR15/2). In TR15/2, the FCA sets out its findings from its latest review of the structured products market. The review is relevant to all firms involved in any stage of the design, manufacture, packaging and […]
Our Thinking · Regulatory & Compliance
On 19 February 2015, the FCA published its FS15-01 Feedback Statement as a response to the DP14/3 Discussion Paper. The Feedback Statement is part of the regulator’s work of examining firms using dealing commission and in particular, the charges that are being paid by consumers when investment managers execute trades and acquire external research on […]
Our Thinking · Investments & Capital Markets · Regulatory & Compliance
On 18 February 2015, the FCA published its thematic review on asset management firms and the risk of market abuse (TR15/1). The paper presents the regulator’s findings from the thematic review of how asset management firms control the risk of committing market abuse. The review considers how firms control the risks of insider dealing, improper […]
Our Thinking · Regulatory & Compliance
On 24 February 2015 the Bank of England (BoE) published a speech by Andrew Hauser, Director of Market Strategy at the BoE and head of the Fair and Effective Markets Review (FEMR) secretariat. The speech was aimed at identifying the key issues raised in the FEMR consultation concluded in January 2015 regarding the fairness and […]
Our Thinking · Public Funds
Fiduciary duties of investment managers have been a matter of considerable debate in English law. Fiduciary obligations are generally sought to be excluded from investment management agreements, however, there are many proponents to the position that investment managers should be considered fiduciaries of their clients. So, what is the best approach to be taken by […]
Our Thinking · Public Funds · Regulatory & Compliance
The FCA has recently produced an update on improvements on fund authorisation, supervision and reporting agreements with trustees and depositaries. We set out below what the update covers:
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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