News & Insights

ESMA FIND IMPORVEMENTS IN REGULATORS’ SUPERVISORY PRACRICES CONCERNING FAIR, CLEAR AND NOT MISLEADING INFORMATION

by Emma Cleveland|13 June 2017|Industry News

The European Securities and Markets Authority (“ESMA”) is committed to monitoring follow-up actions taken by national competent authorities (“NCA’s”) to address the findings of peer reviews. The recent follow-up report published by ESMA provides an update on the actions undertaken by ten Member State NCAs further to the 2014 Peer Review on MiFID Conduct of […]

UK: Emma Cleveland wins Boutique Lawyer of the Year for Women in Law Awards 2017

by Emma Cleveland|31 May 2017|Awards

We are extremely proud to share with you that Emma has been announced as the Boutique Lawyer of the Year for Women in Law awards 2017. The Women in Law awards are a series of internationally recognised awards, celebrating the outstanding innovation, hard work and ambition of female lawyers and in-house counsel that have influenced […]

Council adopts new rules on prospectuses

by Emma Cleveland|25 May 2017|Industry News

On 16 May 2017, the Council of the European Union adopted the proposed regulation that repeals and replaces the Prospectus Directive and the Prospectus Regulation (the “New Regulation”). The first prospectus directive was adopted in 2003 and revised in 2009. The updated prospectus rules are in the form of an EU regulation. The Commission issued the proposal […]

FCA unveils Platform Review

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 […]

UK: Emma Cleveland shortlisted in the First Women Awards 2017

by 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 […]

FCA speech on the next phase of Project Innovate

by 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 […]

ESMA updates MiFID II/MiFIR Investor Protection Q&A

by 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. […]

ESMA UPDATES Q&A ON CSDR IMPLEMENTATION

by 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 […]

Investment Association public consultation: charges and transaction costs

by 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 […]

UK Government response to Money Laundering Regulations Consultation

by 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 […]