by Emma Cleveland | 2017-04-12 | Industry News
The Investment Association (which represents Investment Managers) and the Association for Financial Markets in Europe (the trade body that represents banks and brokers) (together, the “Associations”) have published a new code of conduct for the communication of...
by Emma Cleveland | 2017-04-06 | Our Thinking
The FCA expects firms to deliver consistent best execution for their clients and have a strategy to ensure that all relevant parts of the business are compliant in ensuring best execution. The FCA expects a clear management responsibility and co-ordination between the...
by Emma Cleveland | 2017-04-04 | Industry News
The Basel Committee (the “Committee”) has recently published a second consultation on guidelines for identification and management of step-in risk, which follows on from a previous consultation issued in December 2015. The previous consultation set out a framework for...
by Emma Cleveland | 2017-03-30 | Our News
We conduct our business with honesty and integrity, maintaining high technical standards that have been proven globally. To support our client relationships, and help our business expand and reach its full potential, we believe in attracting and retaining competent,...
by Emma Cleveland | 2017-03-29 | Our Thinking
In 2014, the FCA published a discussion paper on the use of dealing commission regime and a policy statement on the use of dealing commission rules. The discussion paper in particular sets out good and poor practices and on that basis, the FCA decided to visit 17...
by Emma Cleveland | 2017-03-23 | Our Thinking
On 30 January 2017, ESMA issued an opinion (the “Opinion”) which discusses the extent to which different types of units or shares (“Share Classes”) of the same UCITS (or its sub-fund) can differ from one another as a result of differing approaches amongst the EU...
by Emma Cleveland | 2017-03-22 | Awards, Our News, Us in the Press
We are thrilled to announce that Emma Cleveland has been nominated for a WeAreTheCity Rising Star Champion Award! Further details are below: @watc_updates 2017 Rising Star Champion Award #watctop100 The Awards Shortlist is to be announced on 15...
by Emma Cleveland | 2017-03-22 | Industry News
In 2015/2016 The Financial Services Compensation Scheme (“FSCS”) paid out £271m in compensation to consumers and received over 46,000 new claims. Firms from across the financial services industry pay levies to fund both the FSCS’s operating costs and the compensation...
by Emma Cleveland | 2017-03-16 | Industry News
The FCA is expected to consult in early Q2 2017 on guidance and Handbook rule changes to implement the PSD2. The original Payment Services Directive (“PSD”) was introduced in 2007 and was implemented in the UK in 2009 through the Payment Services Regulations (“PSRs”)....
by Emma Cleveland | 2017-03-15 | Our Thinking
HM Treasury has published its Policy Statement (“Statement”) regarding the transposition of MiFID II. The Statement follows HM Treasury’s earlier Consultation Paper that was published in March 2015. The Statement contains a summary of the responses submitted...
