by Emma Cleveland|7 June 2016|Our Thinking
The minutes of the FCA MiFID II implementation roundtable meeting have recently been published. The minutes cover a bespoke Q&A session the FCA held for Trade Associations that covers product governance and the disclosure of costs and charges.
Read moreby Emma Cleveland|26 May 2016|Industry News
In 2015 the FCA carried out a thematic review in relation to the benefits (or inducements) provided and received by firms conducting MiFID II business and it included those firms carrying out regulated activities in relation to a retail investment product (“Firms”).
Read moreby Emma Cleveland|20 May 2016|Industry News
The latest amendments to the Financial Services Act 2016 (the “Act”) have been published with many provisions such as sections 31, 37 and 39 to 42 having already received Royal Assent on 4 May 2016. Additionally, certain provisions of section 25 of the Act came into force on 10 May 2016 and section 32 came […]
Read moreby Emma Cleveland|10 May 2016|Industry News
On 7 April 2016 the European Commission published its Delegated Act which deals in particular with the receipt of investment research under MiFID II and consequently how that will effect UK and EU Investment managers.
Read moreby Emma Cleveland|30 March 2016|Our News
One of our new clients have recently been in the press: Royal Bank of Scotland have sold its Market Access ETF range (assets of around 360million) to China Post.
Read moreby Emma Cleveland|29 March 2016|Industry News
The MiFID II Implementation Trade Association Roundtable took place on 22 February 2016. The minutes from that meeting have recently been published and they discuss: (1) implementing measures and proposals to delay the date of application of MiFID II; (2) Consultation Paper 15/43; and (3) a report on the recent MiFID II transposition workshop. Below […]
Read moreby Emma Cleveland|17 March 2016|Industry News
The European Securities and Markets Authority (“ESMA”) has published its first Supervisory Convergence Work Programme 2016 (the “Programme”), detailing the activities and tasks it will carry out to promote sound, efficient and consistent supervision across the EU. The Programme also sets out to provide comparable regulatory outcomes.
Read moreby Emma Cleveland|15 March 2016|Our Thinking
While most will have a clear idea of the distinction between the law of torts and contract law, there is one particular area which continues to be discussed amongst professionals – the distinction between contractual and tortious negligence. In the attached document below, we have provided for you a key summary of both, and their […]
Read moreby Emma Cleveland|8 March 2016|Industry News
On 2 February 2016, the FCA published policy statement (PS16/2), which sets out the proposed rules and guidance for implementing the UCITS V Directive. PS16/2 has a particular focus on the requirements applicable to management companies and the changes to the regime for depositaries following two related consultation papers (CP15/27 on UCITS V implementation and […]
Read moreby Emma Cleveland|2 March 2016|Industry News
In addition to the recent FCA policy statement regarding UCITS V, ESMA has also published a Q&A on the application of UCITS. As with the policy statement, both pieces of guidance will come into force on 18 March 2016. Unfortunately, as with the FCA’s recent policy statement, ESMA is unable to shed any light on […]
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