by Emma Cleveland | 2016-05-10 | Industry News
On 7 April 2016 the European Commission published its Delegated Act which deals in particular with the receipt of investment research under MiFID II and consequently how that will effect UK and EU Investment managers. As part of MiFID II’s inducement rules, MiFID...
by Emma Cleveland | 2016-03-30 | Our News
One of our new clients have recently been in the press: Royal Bank of Scotland have sold its Market Access ETF range (assets of around 360million) to China Post. The purchase was carried out by China Post Global which is the group’s international fund arm and we...
by Emma Cleveland | 2016-03-29 | Industry News
The MiFID II Implementation Trade Association Roundtable took place on 22 February 2016. The minutes from that meeting have recently been published and they discuss: (1) implementing measures and proposals to delay the date of application of MiFID II; (2)...
by Emma Cleveland | 2016-03-17 | Industry News
The European Securities and Markets Authority (“ESMA”) has published its first Supervisory Convergence Work Programme 2016 (the “Programme”), detailing the activities and tasks it will carry out to promote sound, efficient and consistent supervision across the EU. The...
by Emma Cleveland | 2016-03-15 | Our Thinking
While most will have a clear idea of the distinction between the law of torts and contract law, there is one particular area which continues to be discussed amongst professionals – the distinction between contractual and tortious negligence. In the attached...
by Emma Cleveland | 2016-03-08 | Industry News
On 2 February 2016, the FCA published policy statement (PS16/2), which sets out the proposed rules and guidance for implementing the UCITS V Directive. PS16/2 has a particular focus on the requirements applicable to management companies and the changes to the regime...
by Emma Cleveland | 2016-03-02 | Industry News
In addition to the recent FCA policy statement regarding UCITS V, ESMA has also published a Q&A on the application of UCITS. As with the policy statement, both pieces of guidance will come into force on 18 March 2016. Unfortunately, as with the FCA’s recent policy...
by Emma Cleveland | 2016-03-01 | Industry News
A draft of the amending legislation, FSMA 2000 (Regulated Activities) (Amendment Order) 2016 has been published and can be found here. There are a few principles amendments which will be noted relating primarily to the regulation of activities relating to peer-to-peer...
by Emma Cleveland | 2016-02-24 | Industry News
In July 2016. the Financial Reporting Council (“FRC”) will publish the findings of its assessment of signatories’ compliance with reporting in regards to the 7 principles of the Stewardship Code (“Code”). According to the FRC’s website, over 200 Asset Managers have...
by Emma Cleveland | 2016-02-16 | Industry News
In December 2015, the FCA published its CP 15/43 Consultation Paper, the first of its consultation papers on the implementation of the Markets in Financial Instruments Directive II (“MiFID II”). The Consultation Paper focuses on areas where the FCA have sufficient...
