Emir – The Clock is Ticking
As of 2 February 2014, there will be a mere 10 days until the first provisions of the European Market Infrastructure Regulation (EMIR) come into force concerning trade reporting. This period also encompasses school half term in the UK, potentially reducing availability of key staff during the transition. This note examines what the immediate concerns of firms should be ahead of the implementation of the reporting obligation.
24/03/2014, Gary Pitts
Use of Dealing Commission
Rules on the use of dealing commission were created by the then Financial Services authority in the middle of the last decade. Following its findings from visits to a number of investment managers of various descriptions, the FCA considers that a number of firms are not exercising proper judgment.
13/12/2013,
Practical Guidance on Outsourcing
Following our Briefing Note 1 on the Financial Conduct Authority’s (FCA) thematic work on outsourcing, we thought it might be helpful to set out the basics of a sound, compliant framework for any outsourcing arrangements our clients might contemplate.
03/11/2013,
Enhancing the Listing Regime
On 5th November 2013, the Financial Conduct Authority (the FCA) published Consultation Paper 13/15 (CP 13/15), which seeks comments on proposals on enhancing the effectiveness of the Listing Regime which evolved from CP 12/25, together with some draft rules.
02/11/2013,
TR13/10, Outsourcing in Asset Management
On 4th November 2013, the Financial Conduct Authority (the FCA) published the findings of its thematic review of outsourcing in the asset management industry. This follows its previous work which led to the publication of a “Dear CEO” letter on outsourcing in December 2012. The basic message is encouraging.
01/11/2013,