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.
Read moreby 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 […]
Read moreby 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.
Read moreby 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 […]
Read moreby 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 […]
Read moreby 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 […]
Read moreby Emma Cleveland|22 July 2015|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 (“FICC”) markets in light of the misconduct issues which have been prevalent […]
Read moreby Emma Cleveland|7 July 2015|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 commodity markets (“FICC”) and the stability of these markets has […]
Read moreby Emma Cleveland|30 June 2015|Industry News
In his speech at the Future of Financial Services event in London, Mr Wheatley discusses how innovation, competition and regulation can be effectively managed to benefit both consumers and businesses. Mr Wheatley argues that we need effective regulation that protects consumers but which doesn’t stifle innovation, because innovation creates competition in business which is beneficial to […]
Read moreby Emma Cleveland|16 June 2015|Our Thinking
The Prudential Regulation Authority (“PRA”) has recently published a supervisory statement that identifies the key aspects of board governance that PRA-regulated firms should pay attention to, as they are the aspects which the PRA sees as particularly important to proper board governance.
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