by Emma Cleveland | 2017-02-28 | Industry News
John Griffith Jones, Chairman at the Financial Conduct Authority, (“FCA”) has recently given a speech about good conduct regulation. We set out below a summary of that speech, which draws out the key points: Mr Griffith Jones’ speech makes clear that: good conduct...
by Emma Cleveland | 2017-02-23 | Industry News
On 8 February 2017, the International Organisation of Securities Commissions (“IOSCO”) released a report which describes the evolution of innovative business models, based on FinTech, which are transforming the financial services industry. This report looks to various...
by Emma Cleveland | 2017-02-22 | Our News
We have developed a range of amendment templates that you can use to update all your agreements to comply with MiFID II. This will be a cost effective and efficient way for firms to ensure compliance with the new directive coming into force on 3 January 2018. For...
by Emma Cleveland | 2017-02-16 | Industry News
The Financial Stability Board (“FSB”) have recently published two reports on the re-hypothecation of client assets (defined as any use of client assets by a financial intermediary) and non-cash collateral re-use. The reports broadly conclude that there is no immediate...
by Emma Cleveland | 2017-01-25 | Industry News
House of Commons Treasury Select Committee – EU exit and transitional arrangements As part of its inquiry into the UK’s future economic relationship with the EU, the Treasury Committee has recently issued a call for written submissions on transitional...
by Emma Cleveland | 2017-01-05 | Industry News
The FCA published Policy Statement PS14/4 relating to new rules to protect investors on loan-based and investment-based crowdfunding platforms in February 2014, which generally came into force on 1 April 2014. Loan-based crowdfunding platforms are those through which...
by Emma Cleveland | 2016-12-06 | Our Thinking
On 25 October 2016, the European Commission (“EC”) produced a communication on their work programme (the “Work Programme”) which set out their priorities for 2017, and was published for the European Parliament, the Council, the European Economic and Social Committee...
by Emma Cleveland | 2016-11-24 | Industry News
Introduction The European Securities and Markets Authority (“ESMA”) has published a new set of Q&As on transparency topics under MiFID II and MiFIR. The purpose of the Q&As is to promote common supervisory approaches and practices in the application of MiFID...
by Emma Cleveland | 2016-11-16 | Industry News
Introduction The European Securities and Markets Authority (ESMA) has published a consultation paper on the draft regulatory technical standards (RTS) that it is required to draft under Article 65(8)(c) of MiFID II with regard to the consolidated tape for non-equity...
by Emma Cleveland | 2016-10-19 | Industry News
The Joint Committee of the European Supervisory Authorities (the “Committee”) has recently published a report on risks and vulnerabilities in the EU financial system. Introduction The UK’s decision to leave the EU highlights uncertainties in the EU financial systems....
