by Emma Cleveland | 2014-10-07 | Industry News
In a letter to Andrew Tyrie dated 19 September 2014, the FCA’s CEO, Martin Wheatley, has expressed the regulator’s concern with high-frequency trading (“HFT”) and dark pools. Mr Wheathley has confirmed that the FCA is looking to implement provisions in the new MiFID...
by Emma Cleveland | 2014-10-07 | Industry News
In his speech at the FCA MiFID II Conference on 18 September 2014, David Lawton addressed a number of key areas where the new directive will seek to achieve a balance between regulation and effectiveness. The FCA Director of Markets explained that although agreement...
by Emma Cleveland | 2014-09-03 | Industry News
As part of its “Innovate” project, the FCA are calling for input from firms in order to help clarify regulatory uncertainty in the financial services sector. In a recent statement the regulator asks firms to submit examples of situations where they believe they have...
by Emma Cleveland | 2014-08-29 | Industry News
The date has come! The UCITS V Directive was published in the EU Official Journal yesterday, 28 August 2014. Member states have until 18 March 2016 to transpose UCITS V into national law. Please see our previous posting for further information. Click here for the full...
by Emma Cleveland | 2014-08-07 | Industry News
There has been a flurry of papers produced over the last 6 months in relation to the use of dealing commissions, and the industry seems headed for a new world of unbundling. What are firms going to do? In July 2014 the FCA published DP14/3 in relation to the use of...
by Emma Cleveland | 2014-08-05 | Our Thinking
The FCA has recently completed the second stage of its thematic review on how firms and advisors are implementing RDR requirements. TR 14/5 focuses with greater clarification on what actions firms should take to meet the new independence requirements. TR 14/6...
by Emma Cleveland | 2014-07-31 | Our News
We are pleased to announce the launch of our regular newsletter ‘Our Thinking’. ‘Our Thinking’ will not only contain the latest industry news, but practical information on what it means for you and your working practices, as well as helpful...
by Emma Cleveland | 2014-07-23 | Our Thinking
Much has been discussed over recent years in relation to the importance of stewardship by investors, and this is not to be diminished. But should you be contractually agreeing to comply with it in your client agreements? The first version of the FRC’s UK Stewardship...
by Emma Cleveland | 2014-07-09 | Our Thinking
Below we have provided a glance card, outlining the key upcoming changes to CASS in respect of custody services. Should you require any further advice or information on CASS custody changes, Cleveland & Co, your external in-house counsel, are here to...
by Emma Cleveland | 2014-06-26 | Our Thinking
Do you often get resistance from US investment managers when asking them to comply with UK regulations when they are being appointed to manage a UK UCITS scheme? Here is a short Q&A which will help you understand why. US investment managers tend to push back on...
