Fund groups unprepared for AIFMD
40% of asset managers are unprepared for the impact of AIFMD, which will become law in every EU member state by July 2013, according to research from specialist fund service provider KNEIP.
Regulation
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us unveils 2nd model fatca iga
The US Treasury has quietly unveiled what it is calling its "Fatca Model 2 template" agreement, as an alternative to a Fatca "intergovernmental model agreement" released earlier this year.
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advisers will stick with mass market clients
Research by the FSA suggests advisers will not dump their mass-market clients after the retail distribution review (RDR) is implemented next year.
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twenty ways the irs will find your yankee clients
Fatca has taken a back seat to RDR for a long time now, but as most businesses are deemed 'RDR-ready' now, perhaps it is time to focus on the next hurdle. One that is more pervasive than you think…
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fsa consults on aifmd
The FSA has issued the first of two consultation papers on the implementation of the EU-driven Alternative Investment Fund Managers Directive (AIFMD) in the UK.
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section 166 slams ashcourt rowan
Ashcourt Rowan has today announced its wholly-owned subsidiary Savoy Investment Management has been fined £412,000 by the FSA for regulatory failings.
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ima responds to conflicts of interest worries
The Investment Management Association (IMA) is not looking to develop a “one-size-fits-all” approach to solve the FSA’s concerns about potential conflicts of interest, its incoming chief executive says.
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fsa warns on asset manager conflicts of interest
The FSA has warned fund group chief executives about their processes for safeguarding against potential conflicts of interest between their companies and clients.
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deloitte rdr could create advice orphans
Up to 5.5m people could drop into the financial advice gap following the implementation of RDR, according to research by Deloitte.
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aic calls for full portfolio disclosure post rdr
The Association of Investment Companies (AIC) has called on its members to consider publishing full portfolio details after RDR is implemented next year.
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advisers go beyond rdr call of duty
More than three-quarters of CISI members have chosen to take and pass level 6 or 7 qualifications ahead of RDR, rather than stick to the minimum level 4 requirement.
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barclays faces two more us investigations
Barclays is undergoing another two regulatory investigations in the US, the banking group’s half-year results show.
