News & Insights

UCITS V Implementation and other changes to the Handbook affecting investment funds

by Emma Cleveland|17 September 2015|Industry News

Undertakings for collective investment in transferable securities (UCITS) are regulated investment funds which can be sold to the general public throughout the European Union, due to their increasing popularity the importance of having common and harmonised standards for investor protection is becoming increasingly important. UCITS V seeks to address this issue along with a number […]

Interview with Legal Futures, 11 August 2015

by Emma Cleveland|16 September 2015|Our News

Cleveland & Co’s authorisation by the Solicitors Regulation Authority as an alternative business structure (ABS) has not gone unnoticed: in a recent interview by Legal Futures our managing director, Emma Cleveland, discusses the topic and Cleveland & Co’s business structure. In the article, Emma highlights the benefits to smaller businesses of becoming authorised as an […]

Do you need to include breach of contract clauses in your agreements? (Part 1 of our breach of contract series)

by Emma Cleveland|11 September 2015|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 indemnity clauses to specify breach as a cause of […]

MiFID II Roundtable

by Emma Cleveland|8 September 2015|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 of the new directive.

Improving the complaints handling process – a wider scope for referrals to the Financial Services Ombudsman

by Emma Cleveland|8 September 2015|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.

IOSCO consultation on international standards and fees and expenses of investment funds

by Emma Cleveland|8 September 2015|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 charges) and has also addressed this issue […]

Capital Markets Union

by Emma Cleveland|2 September 2015|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 on numerous occasions.

Financial Advice Market Review

by Emma Cleveland|1 September 2015|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 choice and freedom over their savings and given them access to free and impartial […]

The Summer Budget – Impact on the Asset Manager

by Emma Cleveland|20 August 2015|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 implications upon the UK asset management industry. The Budget further develops the government […]

Solicitors Regulation Authority (“SRA”) authorisation

by Emma Cleveland|4 August 2015|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 provide legal services, in addition to our existing […]