fidelity criticised for breaching takeover code
Fidelity Worldwide Investment has been publicly criticised by the Hong Kong regulator for failing to disclose a large position it held in Little Sheep, a company which was subject to a takeover.
Regulation
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etp education down to advisers
Responsibility for investors education and understanding of ETPs lies with advisers, Towsend Lansing head of regulatory affairs at ETF Securities has claimed.
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european fund classification doubles
The European Fund Classification Forum has doubled the number of funds it categorises in three months.
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credit suisse fined for SCARP failings
The FSA has fined Credit Suisse £5.95m for failings related to sales of structured capital at risk products (SCARPs) in the UK.
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turner eu could constrain effectiveness of fpc
Forthcoming EU legislation could reduce the flexibility of the Financial Policy Committee to act in the interests of the UK, according to Lord Turner, chairman of the FSA.
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short selling ban is blaming the wrong people
The European Parliament has been criticised for its proposals to ban the short-selling of CDS on sovereign debt.
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global regulators discuss high frequency trading
The FSA and SEC hosted a roundtable discussion on market structures on Friday, looking at the impact of automated trading strategies such as high frequency trading (HFT).
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hmrc chases 6000 swiss bank account holders
HMRC is on the tails of 6,000 HSBC Geneva bank account holders, in pursuit of past unpaid taxes.
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ima delays managed sector proposals to year end at earliest
Since its initial proposals back in May went down like a lead balloon, the IMA has been all quiet on the Managed sector front.
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uk swiss tax agreement formally signed in london
A UK/Swiss agreement has been signed which will allow HMRC to tax assets of British residents held in Swiss financial institutions.
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citigroup asia fined 500k over Ponzi scheme
Citigroup Global Markets Asia has been fined HK$6m by Hong Kongs regulator in relation to a Madoff- style scheme.
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europe largely ignoring ucits iv directive
The majority of countries that have signed up to the Ucits IV directive implemented in July are still not fully compliant.
