International 2026 — Meet us there
by Emma Cleveland|17 May 2018|Industry News
In August 2017, the FCA published consultation paper CP17/28 (the “Consultation Paper”) which sets out several proposals designed to support the retail investment advice sector. These included amendments to the FCA’s Perimeter Guidance Manual (“PERG”) on what amounts to a personal recommendation in order to meet the Financial Advice Market Review (“FAMR”) recommendation to produce […]
Read moreby Emma Cleveland|15 May 2018|Industry News
On 12 March 2018, the FCA published its Discussion Paper: Transforming Culture in Financial Services (DP18/2) (the “Discussion Paper”), that presents a series of views from academics and industry thought leaders. The intention behind the Discussion Paper is to provide a basis for all those interested in financial services to consider the issues and engage […]
Read moreby Emma Cleveland|2 May 2018|Our Thinking
Criticism of the FCA’s new asset management rules has been featured in City Am. We are concerned that the cost of charges would deter new firms from entering the market. Our views on this topic have been featured in CityAM below.
Read moreby Emma Cleveland|1 May 2018|Industry News
On 12 March 2018, the European Commission (the “Commission”) published draft proposals aimed at removing certain regulatory and administrative barriers to the cross-border distribution of alternative investment funds (“AIFs”) and undertakings for collective investment in transferable securities (“UCITS”). The changes are an attempt to remove overly complex and burdensome requirements, improve transparency and harmonise divergent […]
Read moreby Emma Cleveland|26 April 2018|Our Thinking
Our guide highlights the key 2017 legal developments that may impact the investment funds industry in 2018, and covers the following areas: Private funds Listed funds Regulation Brexit Please click below to access the Guide.
Read moreby Emma Cleveland|26 April 2018|Our Thinking
On 29 March 2017, the UK submitted the notification of its intention to withdraw from the European Union pursuant to Article 50 of the Treaty on European Union. In light of this, we set out in the attached newsletter: what UK financial services firms can do to prepare for and capitalise on Brexit; and some possible outcomes […]
Read moreby Emma Cleveland|26 April 2018|Industry News
The Financial Conduct Authority (“FCA”) has published Handbook Notice 48, setting out the changes made to the FCA Handbook under the following instruments that were made by the FCA board in September and October of 2017, such as the Financial Services Compensation Scheme (Funding and Scope) Instrument (“FCA 2017/58”). What is the Financial Services Compensation Scheme […]
Read moreby Emma Cleveland|19 April 2018|Industry News
The Court of Appeal considered the circumstances where a parent company can be held liable for the acts of its subsidiaries in the judgement Okpabi and others (on behalf of themselves and the people of Ogale Community) v Royal Dutch Shell Plc and another [2018] EWCA Civ 191 (the “Judgement”). In particular, the Judgement considered […]
Read moreby Emma Cleveland|18 April 2018|Awards
We are very proud to announce that we have been shortlisted for a Legal Week Innovation Award in the category, ABS Innovation. The Legal Week Innovation Awards celebrate outstanding innovative achievement within legal services and recognise firms that undertake precedent-setting projects and initiatives. The awards will take place on Friday 25 May and we will, of course, […]
Read moreby Emma Cleveland|15 April 2018|Our Thinking
On 5 December 2017, the Financial Reporting Council published a consultation document on its proposals for a ‘shorter and sharper’ revised UK Corporate Governance Code. The UK Corporate Governance Code sets out the standards of good practice for companies in relation to: board leadership and effectiveness; remuneration; accountability; and relations with shareholders. Please click below […]
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