Ucits KIIDS deadline passes while concerns remain
From 1 July, all new funds domiciled in Europe are required to give investors a KIID.
Regulation
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Three charged over £10m alleged ‘ponzi’ scheme
Three individuals have appeared before a UK Magistrates Court in response to a summons.
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Germany weakens resistance to introduction of a eurobond
Germany is said to be waivering in its opposition to a eurobond to spread the region’s debt.
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FSA plans for orderly wind-up of investment houses
Investment firms need a Recovery & Resolution Plan to allow any wind down at no cost to the taxpayer
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The death knell for fund supermarkets?
Dennis Hall identifies the winners and losers from the FSA’s latest platforms paper.
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FSA takes action on ‘misleading’ structured product material
The FSA is to amend its Conduct of Business Sourcebook after a look at structured products.
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PA ANALYSIS: Fund groups tough it out getting down with the KIIDs
Ucits funds may be a roaring success, yet groups face an uphill battle keeping their KIIDs in line.
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FSA fines Bank of Scotland £3.5m over investment failings
The FSA has fined Bank of Scotland £3.5m and secured £17m compensation for customers.
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ESMA publishes third-country AIFMD consultation
The ESMA publishes second consultation paper on the implementation of AIFMD third-country rules.
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FSA targets misleading advertising of investment and financial products
The FSA is sharpening its teeth ahead of new powers of intervention it will hold as the FCA.
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PA ANALYSIS: Soros move highlights growing regulatory pressures
Soros’ exit from running external money highlights the growing regulatory pressures on firms.
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Open letter to Ed Balls challenging RDR VAT hike
IFA Simon Mansell has written to Ed Balls about the proposed VAT charge on customer remuneration.
