by Emma Cleveland|11 June 2015|Our Thinking
On 3 January 2017, MiFID II will be implemented with far-reaching implications for many financial services firms. Firms may be concerned about the compliance changes required and the time it may take to ensure they are fully prepared come January.
Read moreby Emma Cleveland|27 May 2015|Industry News
On 28 April 2015, the Investment Association published their Statement of Principles for Investment Managers. The Principles aim to set out behaviours which go beyond the regulatory requirements of “treating consumers fairly” by seeking to “represent a culture of excellence for investment managers in helping clients succeed in their financial goals”.
Read moreby Emma Cleveland|26 May 2015|Industry News
An MTF, even though sometimes referred to as ‘male-to-female’, for the purpose of this article means Multilateral Trading Facility. MTFs are non-exchange financial trading venues which are often used as alternatives to traditional stock exchanges.
Read moreby Emma Cleveland|26 May 2015|Industry News
On 14 April 2015 the FCA published a notice against two subsidiaries of Bank of New York Mellon Group, referred to as “the Firms”, issuing them with a record financial penalty of £126,000,000 for failing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS), which applies to safe custody assets and to […]
Read moreby Emma Cleveland|14 May 2015|Our Thinking
The recent case of SPL Private Finance v Arch FP 2014 has served as somewhat of a reminder that investment managers are not always outside of the scope of fiduciary obligations, despite attempts to exclude such in contract. In particular, the decision in Arch brings some needed clarification to a topic that is generally surrounded […]
Read moreby Emma Cleveland|12 May 2015|Industry News
Shortly after the enactment (Feb/March 2015) of the Irish Collective Asset-management Vehicle Bill 2014 (the “Bill”) and innovative investment vehicle called an Irish Collective Asset-Management Vehicle (“ICAV”) will be made available. ICAVs are tailor made corporate fund vehicles for both UCITs and AIFs which provide a pro-active approach to meeting the evolving needs of fund […]
Read moreby Emma Cleveland|30 April 2015|Our Thinking
Our key cases glance card contains practical take away points and drafting tips from some of the most notable cases of 2014 in regards to commercial contracts. Should you have any questions regarding any commercial contract matter, Cleveland & Co is here to help.
Read moreby Emma Cleveland|29 April 2015|Our Thinking
On 18 February 2015, the European Commission published a consultation paper seeking responses to a number of questions concerning the effectiveness of the Prospectus Directive. The objective of the paper is to reform and reshape the current prospectus regime in order for it to better serve and facilitate capital raising with a particular focus on […]
Read moreby Emma Cleveland|21 April 2015|Industry News
On 13 March 2015 the FCA published its guidance on financial promotions in social media. In the FG15/4 Social media and customer communications guidance paper, the FCA discusses how firms can use social media in a manner that is compliant with regulatory rules. Below is an overview of the regulator’s guidance and findings:
Read moreby Emma Cleveland|16 April 2015|Our News
For over two years Cleveland Ventures has served as an innovator in both a fast developing legal profession and in the provision of investment management-related courses. Our exceptional quality of service, combined with our team’s broad experience, has helped us to build a reputation that is highly regarded in the investment management and legal industries. It […]
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