News & Insights

FCA publishes interim feedback on the rules for crowdfunding

by Emma Cleveland|5 January 2017|Industry News

The FCA published Policy Statement PS14/4 relating to new rules to protect investors on loan-based and investment-based crowdfunding platforms in February 2014, which generally came into force on 1 April 2014. Loan-based crowdfunding platforms are those through which people and institutions lend money in the expectation of a financial return through interest payments and repayment […]

European Commission Work Programme 2017

by Emma Cleveland|6 December 2016|Our Thinking

On 25 October 2016, the European Commission (“EC”) produced a communication on their work programme (the “Work Programme”) which set out their priorities for 2017, and was published for the European Parliament, the Council, the European Economic and Social Committee and the Committee of the regions. We have summarised the EC’s Work Programme and set […]

New ESMA Q&As on MiFID II and MiFIR transparency topics

by Emma Cleveland|24 November 2016|Industry News

Introduction The European Securities and Markets Authority (“ESMA”) has published a new set of Q&As on transparency topics under MiFID II and MiFIR. The purpose of the Q&As is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to transparency topics. The four Q&As relate to the […]

ESMA consults on consolidated tape for non-equity products under MiFID II

by Emma Cleveland|16 November 2016|Industry News

Introduction The European Securities and Markets Authority (ESMA) has published a consultation paper on the draft regulatory technical standards (RTS) that it is required to draft under Article 65(8)(c) of MiFID II with regard to the consolidated tape for non-equity instruments. ESMA has already submitted its RTS specifying the scope of the equity tape. However, […]

Joint Committee Report on risks and vulnerabilities in the EU financial system

by Emma Cleveland|19 October 2016|Industry News

The Joint Committee of the European Supervisory Authorities (the “Committee”) has recently published a report on risks and vulnerabilities in the EU financial system.

HM Treasury consultation – amending the definition of financial advice

by Emma Cleveland|6 October 2016|Industry News

On 20 September 2016, HM Treasury released their consultation to amend the definition of financial advice (the “Consultation”). This Consultation is the product of the Financial Advice Market Review (the “Review”) which was launched by HM Treasury and the FCA in March 2016. As a brief reminder, the purpose of the Review is to improve […]

FCA alert: risks of accepting business from Introducers

by Emma Cleveland|5 October 2016|Our Thinking

The FCA have recently produced an alert that highlights some of the risks that authorised firms may encounter by accepting business from unauthorised introducers, lead generators and/or other authorised introducers. We have summarised the FCA’s alert and set out a checklist of steps firms should consider, please see below to access the document. Should you have […]

G20 Leaders adopt communique at the hangzhou summit

by Emma Cleveland|27 September 2016|Industry News

On the 4 and 5 September 2016, the G20 leaders met and President XI Jinping (chairing the summit) stated that one of the main issues and areas that the leaders need to focus on is the present global economy and the need to address volatility in the financial market through sustainable, balanced and inclusive growth. […]

The Board of the International Organization of Securities Commission – Good Practices for the Termination of Investment Funds

by Emma Cleveland|23 September 2016|Industry News

Purpose The Board of International Organization of Securities Commission (“IOSCO“) have recently published a consultation paper in order to obtain stakeholders’ views on a set of proposed good practices for investors to voluntarily terminate collective investment schemes and other types of funds such as hedge funds, commodities and real estate. The IOSOC are producing these […]

Online courses launch – 50% discount

by Emma Cleveland|21 September 2016|Our News

We have recently launched the first of our exclusive range of online investment management-related courses. Our online courses are ideal if you cannot attend our London-based courses in person or if you prefer the flexibility of being able to do a course at a time and date that suits you. Our online ‘Understanding IMAs’ course includes video footage […]