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News & Insights

Review of the use of reverse solicitation by asset managers

by Leela|28 February 2022|Industry News

On 17 December 2021, the European Securities and Markets Authority (“ESMA”) published a letter (the “Letter”) addressed to the European Commission (the “Commission”) as a response to the questions raised by the Commission in their letter dated 24 September 2021. The Commission’s letter related to a consultation on facilitating cross border investment undertakings, which included […]

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FCA consultation paper on strengthening financial promotion rules for higher risk investments

by Emma Cleveland|24 February 2022|Industry News

HIGHER RISK INVESTMENT (“HRI“) STRATEGY STATEMENT In September 2021, the FCA published a Strategy Statement in relation to HRIs. The FCA describe HRIs as opportunities whereby high returns are being promised, and although product names and descriptions change frequently, examples of HRIs might include: high return bonds or mini-bonds often advertised as eligible to be […]

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Changes proposed to the UK’s Financial Promotion Regime

by Leela|17 February 2022|Industry News

Investment opportunities have become increasingly complex, digitalised and riddled with riskier products which has become further heightened by use of social media. This has proven problematic for the UK’s financial promotion regime (the “FPR”) in terms of how it can ensure that consumers are getting information fit for informed investment decision making. The consensus is […]

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Leela Fair announced as Managing Director for EMEA region!

by Vicki McEwan|11 February 2022|Our News

We are excited to announce that our current Acting Managing Director EMEA, Leela Fair, has officially accepted the role of Managing Director for EMEA! Leela is a glowing example of our values and continues our culture of the ‘sky’s the limit’ when it comes to a career at C&Co. Since joining C&Co just five years […]

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LIBOR Transition update

by Leela|9 February 2022|Industry News

SUMMARY As of 4 January 2022, the phase out of the London Interbank Offered Rate (“LIBOR”) has culminated in the cessation of: all Euro (“EUR”) and Swiss Franc (“CHF”) LIBOR settings; the overnight / spot next, 1-week, 2-month and 12-month sterling and Japanese Yen (“YEN”) LIBOR settings; and the 1-week and 2-month US Dollar (“USD”) […]

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Warren Mead joins Cleveland & Co as a Board Advisor

by Vicki McEwan|8 February 2022|Industry News

We are thrilled to announce the appointment of Warren Mead as Board Advisor to Cleveland & Co. Warren has over 25 years of in-depth experience in financial services, professional services and fintech and was previously the COO of KPMG’s advisory, tax and legal business. As an ExCo level leader, he has advised on and executed […]

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Fund managers warned! Be “true to label”

by Emma Cleveland|6 February 2022|Industry News

RECENT COURT AND REGULATOR PRONOUNCEMENTS ARE A TIMELY REMINDER FOR FUND MANAGERS AND RESPONSIBLE ENTITIES TO USE CAUTION IN THEIR DISCLOSURE, AND MAKE SURE THEY ARE BEING TRUE TO LABEL In a recent decision by the Federal Court on 26 November 2021, Australian Securities and Investments Commission v La Trobe Financial Asset Management Ltd [2021] […]

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Proposed changes to the Appointed Representatives Regime

by Emma Cleveland|4 February 2022|Industry News

There have been calls for proposed changes to the Appointed Representatives Regime (“AR Regime”) to help mitigate any potential risks and harm that may be caused to consumers and markets. In December 2021, HM Treasury published its Call for Evidence in response to the ‘TSC Lessons from Greensill Capital Inquiry’, which calls for recommendations by […]

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