19 October 2011 - Complyport UK Consultancy Service

Financial Transaction Tax

There has been much publicity in the press about the proposed EU Directive, released 28 September, to introduce a financial transaction tax (FTT). The proposed tax would apply to all […] [...]

FSA Remuneration Code Guidance

Regulatory Roundup 33 published in August included details of further consultative guidance issued by the FSA in respect of Remuneration Code aspects. The guidance was in the form of two […] [...]

Prompt Response

A prompt, but hasty, response to a FSA letter cost Towry Investment Management Ltd (TIM) £494K in penalties. A ‘Dear CEO’ letter was sent out in January 2010 (see Regulatory […] [...]

CMAR & CF10a

Whilst on the topic of client money a reminder that from 1 October all CASS medium and large firms have had to have an individual approved for the CASS oversight […] [...]

Transaction Reporting: Zen

A reminder for firms that transaction report that the Zen ‘hard go-live’ date is 13 November at the latest. The FSA’s surveillance and monitoring system, Sabre, is being replaced by […] [...]

Large Traders

A new SEC rule is coming into force which will impact on Large Traders (‘LT’) of NMS securities (the latter are basically any US exchange-listed securities including options. For the […] [...]

FSA Action on Unregulated Collective Investment Schemes

Regulatory Roundup 29 mentioned the continuing interest of the FSA in the marketing of unregulated collective investment schemes (UCIS) and the penalty of £35,000 imposed on Specialist Solutions Public Limited […] [...]

Mercurius

Two related Final Notices have been published which are interesting in the miscellany of wrong-doings committed. Mercurius International was a Cayman based hedge fund with investment management undertaken by Mercurius […] [...]

PFOF

The FSA has issued consultative guidance on the practice of ‘payment for order flow’ (PFOF). PFOF is an arrangement whereby a broker receives payment, either in cash or other form, […] [...]

Retail Distribution Review Implementation

A recent speech by Linda Woodall, Head of Investments Department, FSA acts as a reminder that there is now just 14 months to go before the RDR comes fully into […] [...]

Day: 19 October 2011

Financial Transaction Tax

FSA Remuneration Code Guidance

Prompt Response

CMAR & CF10a

Transaction Reporting: Zen

Large Traders

FSA Action on Unregulated Collective Investment Schemes

Mercurius

PFOF

Retail Distribution Review Implementation

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