by Emma Cleveland | 2015-06-11 | 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. It is important that...
by Emma Cleveland | 2015-05-27 | 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...
by Emma Cleveland | 2015-05-26 | 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. In 2014 the FCA...
by Emma Cleveland | 2015-05-26 | 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,...
by Emma Cleveland | 2015-05-14 | 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...
