by Emma Cleveland | 2015-09-11 | Our Thinking
It is often believed that a clause expressly stating that the parties to a contract would be liable for its breach should be inserted within agreements as a safeguard for liability in situations of breach. For example, it is common for the wording of liability and...
by Emma Cleveland | 2015-09-08 | Industry News
On 17 July 2015, the Financial Conduct Authority (“FCA”) held a MiFID II Roundtable discussion aimed at providing updates on MIFID II implementing measures and addressing various potential implementation issues in the financial services industry, arising as a result...
by Emma Cleveland | 2015-09-08 | Industry News
In line with the FCA’s initiative of improving complaints handling procedures through increased process transparency and providing further assistance to firms, the FCA have updated their Complaints Sourcebook. Change The updates to the Complaints Sourcebook encompass...
by Emma Cleveland | 2015-09-08 | Industry News
There has been a significant amount of discussion around fund fees and expenses in the past few years as regulators aim to increase fee transparency to investors. In the UK, the FCA has published a number of studies and reviews on this matter (TR14/7 – Clarity of fund...
by Emma Cleveland | 2015-09-02 | Industry News
The single market is one of the core objectives of the EU as a matter of policy guidance and also as a benchmark. Achieving free movement of capital throughout the EU is an indispensable part of the creation of a single market and the matter has been widely addressed...
by Emma Cleveland | 2015-09-01 | Industry News
On 3 August 2015, City Minister, Harriett Baldwin launched a major new review (the Financial Advice Market Review) which looks to examine how financial advice could work better for consumers, building on the government’s pension reforms which have allowed people real...
by Emma Cleveland | 2015-08-20 | Industry News
On 8 July 2015, the Chancellor George Osborne, presented the Summer Budget (the “Budget”). The Budget needs to be taken into consideration as it impacts both the tax benefits of all UK citizens and non-domiciled individuals. It will have direct and indirect...
by Emma Cleveland | 2015-08-04 | Our News
We are delighted to announce that as of 1 August 2015, Cleveland & Co are now authorised by the SRA as an alternative business structure. This means that we adhere to the code of conduct and principles that underpins the SRA’s regulations and we are licensed to...
by Emma Cleveland | 2015-07-22 | Industry News
Background The Fair and Effective Markets Review (the “Review”) was launched by the Chancellor of the Exchequer and the Governor of the Bank of England in June 2014 for two main reasons: to reinforce confidence in the wholesale Fixed Income, Currency and Commodities...
by Emma Cleveland | 2015-07-07 | Industry News
In his speech, Mr Carney focuses on the importance of the UK’s markets in serving our economy and outlines how the markets create new opportunities for UK businesses and savers. Much of the activity in our economy is reliant upon the fixed income, currency and...
