2009 - Complyport UK Consultancy Service

Bonus

In the current uncertainty with the new bank bonus tax it would seem that the rules will be rewritten. Asset management firms, advisers and family offices will not be hit […] [...]

JMLSG Amendments to Guidance

The consultation version of the JMLSG ‘Prevention of money laundering/combating terrorist financing’ Guidance has been submitted to HM Treasury for Ministerial approval. [...]

Remuneration Feedback Statement

As you will know the Remuneration Code, which is set out in SYSC 19, applies from 1 January to large banks, building societies and BIPRU 730K firms. In the original […] [...]

And third, and finally, we have PS09/20 “Stress and Scenario Testing Feedback on CP08/24 and final rules”. This CP is actually linked to CP03/30 (‘Buffers’),as both emanate from CP08/24 (“Stress […] [...]

Buffers

And following hard on the heels of CP09/29 we have CP09/30 – “Capital Planning Buffers” – which is mercifully 300 pages or so shorter. A ‘capital planning buffer’ relates to […] [...]

Give me strength

It has been a few weeks now since we last had a paper on prudential matters from the FSA so it was good to see that three new papers have […] [...]

US Regulatory Developments

As you will be aware, AIMA has recently reiterated its support for the proposed registration of hedge fund managers in the US in the interests of financial stability. The move […] [...]

FSA Fee Changes

The FSA has published a Consultation Paper (‘Regulatory fees and levies: policy proposals for 2010/11’ – CP09/26) which includes proposals to change the way that the FSA calculates the fees […] [...]

Getting Closer

This month the FSA published “Close links – feedback on CP07/21” (PS09/17) which contains the new draft rules governing close links reporting. It must qualify as one of the slower […] [...]

FATF and the UK

The Financial Action Task Force (FATF) has acknowledged the work done by the UK in remedying deficiencies found in 2007. In that year FATF issued a report on the UK’s […] [...]

Transaction Reporting & Execution

As you’ll know from SUP 17.2, provided certain conditions are met then portfolio managers are relieved from the responsibility of transaction reporting and instead rely on third parties e.g. the […] [...]

Cumming and Going

The Regulatory Roundup of 5 November reported on the £8m fine imposed upon UBS (AG) after four employees carried out unauthorised transactions involving customer money ‘on at least 39 accounts’. […] [...]

Broker abuse

Another FSA fine on an individual, this time for abuse of inside information. Alexei Krilov-Harrison was a broker at Pacific Continental Securities (the latter, as you may be aware, was […] [...]

A Reminder

A previous Regulatory Roundup included an article on the new liquidity rules affecting BIPRU firms (BIPRU 12). A reminder that although there are some transitional provisions, the majority of the […] [...]

Fine time

UBS (AG) has been fined £8m for failures in systems and controls that enabled four employees to carry out unauthorised transactions involving customer money ‘on at least 39 accounts’. As […] [...]

Financial Action Task Force report (‘FATF’)

FATF has released a report on Money Laundering and Terrorist Financing in the Securities Sector. The document is based upon a mixture of questionnaire results and workshops/consultations. Comment is made […] [...]

Sukuk and see

HM Treasury and FSA have issued a joint document on ‘alternative finance investment bonds’ (‘AFIBs’). These are a subset of the sukuk market, which in turn are financial instruments that […] [...]

Private Equity & Conflicts of Interest

IOSCO – the International Organization of Securities Commissions – has published a consultation paper on ‘Private Equity Conflicts of Interest’. The working group was chaired by Dan Waters, the FSA’s […] [...]

New Liquidity rules come into force on 1 December 2009 – Are you ready?

If your firm is a BIPRU firm then the following should assist in complying with the new liquidity rules coming into force this December. If your firm is not a […] [...]

FSA and AML

After the shock of reading that the FSA had apparently gone soft – or had lost its argument – on Darren Morton and Christopher Parry (who were accused of market […] [...]

Year: 2009

Bonus

JMLSG Amendments to Guidance

Remuneration Feedback Statement

Stressed

Buffers

Give me strength

US Regulatory Developments

FSA Fee Changes

Getting Closer

FATF and the UK

Transaction Reporting & Execution

Cumming and Going

Broker abuse

A Reminder

Fine time

Financial Action Task Force report (‘FATF’)

Sukuk and see

Private Equity & Conflicts of Interest

New Liquidity rules come into force on 1 December 2009 – Are you ready?

FSA and AML

INSIGHTS & EXPERTISE

NEWS & EVENTS

Webinar: Beyond Compliance: What the 2025 Consumer Duty Report Tells Us

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Online Training Course: Your MLRO Training Day

Webinar: Navigating the IFPR Impact: Good and Poor Practices Observed

In-Person Training Course: Your MLRO Training Day

In-Person Training Course: Your MLRO Training Day

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