International 2026 — Meet us there
by Emma Cleveland|10 May 2017|Industry News
The FCA released its Mission Statement and Business Plan for 2017/18 on 18 April 2017, revealing that the FCA will conduct a market study to explore how ‘direct to consumer’ and intermediated investment platforms compete to win new clients and retain existing customers. Improving competition in the platform space was placed as one of the FCA’s priorities […]
Read moreby Emma Cleveland|9 May 2017|Awards
We are thrilled to announce that Emma has been shortlisted for a First Women Award in the category – Disruptor of the Year! Since its launch in 2005 the First Women Awards have grown in influence and impact, leading the way in recognising and celebrating the many achievements of exceptional women. Recipients of these awards are […]
Read moreby Emma Cleveland|4 May 2017|Industry News
In his recent speech at the Innovate Finance Global Summit, Christopher Woolard, Executive Director of Strategy and Competition at the FCA, was very positive about the direction of travel the FCA’s Project Innovate is taking. Mr Woolard highlighted that the demand from firms looking for support from the FCA is higher than ever and that […]
Read moreby Emma Cleveland|3 May 2017|Our Thinking
On 4 April 2017, ESMA added 10 new questions and answers to its Q&A on MiFID II and MiFIR investor protection topics (the “Q&A”). The purpose of the Q&A is to provide clarity on various investor protection-related topics with the aim of promoting a common supervisory approach and practices in the application of MiFID II/MiFIR. […]
Read moreby Emma Cleveland|27 April 2017|Industry News
On 31 March 2017, The European Securities and Markets Authority (“ESMA”) published an update of its Questions and Answers (“Q&As”) regarding the implementation of the Central Securities Depository Regulation (“CSDR”). The first version of the Q&As was published on 13 March 2017. The Q&As document has been adopted as part of ESMA’s role in building […]
Read moreby Emma Cleveland|20 April 2017|Our Thinking
On 27 March 2017, The Investment Association (the “IA”) published a consultation (the “Consultation”) which provides a draft industry standard code (the “Code”) with respect to the reporting of charges and transactions costs. This Consultation has been published for the purposes of getting feedback on the draft Code, and the IA would be particularly interested […]
Read moreby Emma Cleveland|13 April 2017|Our Thinking
On 15 September 2016 last year, the HM Treasury released a consultation on how the Fourth Anti Money Laundering Directive and the Fund Transfer Regulation would be implemented in the UK (the “Consultation”). As a result of the Consultation, the UK Government has made a number of key decisions, those of note being primarily in relation […]
Read moreby Emma Cleveland|12 April 2017|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 indications of interest (“IOIs”) which marks a milestone in the relationship between the investment and broking industries. IOIs are […]
Read moreby Emma Cleveland|6 April 2017|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 front office and compliance to ensure a robust monitoring framework. The FCA has […]
Read moreby Emma Cleveland|4 April 2017|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 banks to deal with “step-in risks” (defined as a risk that a bank decides to provide […]
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