by Emma Cleveland | 2015-11-19 | Industry News
In a publication from 10 November 2015, the Financial Conduct Authority (“FCA”) has announced its plans for implementing a ‘regulatory sandbox’ allowing businesses to test out new and innovative financial products, services or business models without incurring all the...
by Emma Cleveland | 2015-11-11 | Industry News
The MiFID II Regulatory and Implementing Technical Standards presented to the ESMA Board of Supervisors (“BoS”) on 24 September have now been published. On 22 October 2015 the FCA held a MiFID II Implementation roundtable meeting where the standards along with various...
by Emma Cleveland | 2015-11-05 | Industry News
In a speech held on 19 October 2015, as part of the FCA’s MiFID II conference, David Lawton, the FCA’s Director of Markets Policy and International, talked about the road and steps ahead in regards to the upcoming directive and in particular, the draft technical...
by Emma Cleveland | 2015-11-03 | Industry News
On 23 October 2015, HM Treasury published a Consultation on amendments to the UCITS Directive (UCITS V) (the “Consultation”). UCITS V will introduce a number of targeted reforms to the UCITS Directive with the objective of updating the legislative framework in order...
by Emma Cleveland | 2015-11-03 | Industry News
In the recent case of Worthington and Another v Lloyds Bank plc [2015] EWHC 2836 (QB), the High Court provides a helpful clarification for investment firms providing, and subsequently reviewing, investment advice to clients under the Financial Services and Markets Act...
by Emma Cleveland | 2015-10-29 | Industry News
On 19 October 2015, as part of the FCA’s MiFID II Conference, David Geale, the FCA’s Director of Policy, delivered a speech on investor protection under MiFID II and, in particular, the ways in which MiFID II will seek to improve investor protection and overall...
by Emma Cleveland | 2015-10-27 | Industry News
In a speech held on 13 October 2015 Steven Maijoor, the Chair of
the
European Securities and Markets Authority (“ESMA”), discussed ESMA’s work in relation to the passport under the Alternative Investment Fund Managers Directive (“AIFMD”) in front of the European...
by Emma Cleveland | 2015-10-22 | Industry News
On 1 October 2015, the European Securities in Markets Authority (“ESMA”) updated their Q&A on the application of the Alternative Investment Fund Managers Directive (“AIFMD”) in relation to depositaries. AIFMD has built a comprehensive framework for the regulation...
by Emma Cleveland | 2015-10-20 | Industry News
In a publication issued on 9 October 2015, the HM Treasury and the Financial Conduct Authority (“FCA”) announced a call for input in regards to their Financial Advice Market Review (“FAMR”) which aims to look at how financial advice could work better for consumers...
by Emma Cleveland | 2015-10-14 | Industry News
On 30 September 2015, the European Commission (the “Commission”) published their Capital Markets Union (“CMU”) action plan on helping build a true single market across the 28 EU Member States and unlocking a free flow of capital throughout. Some of the key motivations...
