FCA delays action on contract for difference products
The FCA has delayed the introduction of new rules for firms selling contract for difference products in the UK.
financial regulation
-
-
FCA ‘overplaying’ failing asset manager threat
The failure of a large asset manager and its potential impact on market stability will be one of the key focuses for the FCA this year.
-
SEC enforcement chief to depart
The US Securities and Exchange Commission (SEC) has confirmed that enforcement director Andrew Ceresney is to leave the agency by the end of the year, the latest in a series of high-profile departures from the regulator.
-
FSCS levy on UK advisers bumped up by dodgy SIPPs
The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).
-
Trump must show backbone and repeal Fatca: deVere CEO
US president-elect Donald Trump must show some backbone and repeal the Foreign Account Tax Compliance Act (Fatca) as a priority, says deVere founder and chief executive Nigel Green.
-
New FCA chief unconvinced FAMR recommendations will work
UK Financial Conduct Authority chief executive Andrew Bailey has admitted to the government’s Treasury Select Committee that proposals made by the Financial Advice Market Review may not solve the advice gap, which was in part created by the Retail Distribution Review.
-
UK trade body creates ‘toolkit’ on how to comply with Mifid II
The UK’s Chartered Institute for Securities & Investments (Cisi) has published a guide to help firms meet the new European Securities and Markets Authority (Esma) regulations.
-
HMRC client criminal activity checks a burden for businesses
HM Revenue & Customs issued 1,468 production orders last year demanding that UK businesses provide information and documents relating to current or former clients suspected of criminal activity, according to city law firm RPC.
-
PA OPINION: Situations vacant – chief executive, FCA
With the news that the FCA’s search for its next chief is ongoing, here’s our crack at what the job description might look like.
-
Scrap RDR, follow MiFID II on independence – WMA
The Retail Distribution Review has failed to meet its objective of clarity of service, the Wealth Management Association said, leading to widespread misunderstanding and use of the ‘independent’ and ‘restricted’ labels.
-
Wealth managers face it squeeze from ‘very tight’ mi fid ii timeline – wma
The time line for the roll-out of the implementation of MiFID II does not leave a lot of breathing room for wealth managers to get their technology up to speed, the Wealth Management Association said.
-
UK wealth managers still concerned over MiFID
UK wealth managers remain concerned about the high compliance costs associated with MiFID II and its incompatibility with the traditional structure of UK non-bank wealth managers, says Jonathan Sokhanvari, COO at Multrees.