Our Thinking · Regulatory & Compliance
Find everything you need to know about the new dealing commission rules and the impact on your commission sharing agreements in our attached Glance Card. It also offers insight into potential changes in the future in light of the FCA’s recently released discussion paper 14/3 and MiFID II.
Our Thinking · Regulatory & Compliance
On 1 October 2014 the European Securities and Markets Authority (ESMA) published its Work Programme for the upcoming year. In it ESMA has set out four operational objectives: supervision, the single rulebook, convergence, and risk monitoring analysis.
Our Thinking · Regulatory & Compliance
In a response to the Treasury Select Committee’s inquiry on SMEs, Sean Martin, General Counsel of the FCA, has issued a letter to Andrew Tyrie, published on 19 September 2014, in which he has explained the legal opinions used by the FCA in their decision to treat loans similar to interest rate hedging products (IRHPs) […]
Our Thinking · Investments & Capital Markets · Regulatory & Compliance
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 II, which would preserve the integrity of the market and alleviate the […]
Our Thinking · Regulatory & Compliance
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 has already been reached regarding MiFID II, the obligations do not […]
Our Thinking · Regulatory & Compliance
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 been subject to retrospective application of regulatory rules. The call for […]
Our Thinking · Public Funds · Regulatory & Compliance
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 published text. Should you require any advice or information on […]
Our Thinking · Investments & Capital Markets · Regulatory & Compliance
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?
Our Thinking · Regulatory & Compliance
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 focuses on whether firms are complying with the disclosure requirements.
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 knowhow to refer to. ‘Our Thinking’ will be published not on a weekly, or monthly […]
When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.
We use cookies to analyse site traffic and improve your experience. You can accept or reject analytics cookies. See our Cookie Policy.