27 September 2012 - Complyport UK Consultancy Service

Client Money Failings

BlackRock Investment Management (UK) Ltd (BIM) was subject to a massive penalty of more than £9.5m (after the traditional 30% discount) for client money failings. The failings were fairly basic: […] [...]

Incentives

A further example of the new regulatory approach of being prepared to intervene at an earlier stage (see the article on unregulated collective investment schemes in Regulatory Roundup 43) was […] [...]

Regulation of Indices

The European Commission has published a consultation paper on the regulation of indices, which follows the recent alleged manipulation of LIBOR, and the European and Japanese equivalents. The paper covers […] [...]

CASS Proposals

Following the proposed changes to CASS 1A (classification and oversight) and CASS 8 (mandates), as mentioned in Regulatory Roundup 43, and the introduction of the CASS resolution pack concept in […] [...]

Remuneration Code – MiFID Version

The consultative guidance on Incentives issued by the FSA (see separate article in the Regulatory Roundup) was followed a couple of weeks later by the publication by ESMA of a […] [...]

Regulatory Reform

A consultation paper on regulatory reform – CP12/24 “Regulatory Reform: PRA and FCA regimes relating to aspects of authorisation and supervision” was released on 12 September. As will be known, […] [...]

Supervision under the FCA

Clive Adamson, Director of Supervision, Conduct of Business, gave a speech at the annual FSA Asset Management Conference on the supervisory approach that will be adopted by the FCA. Although […] [...]

Money Laundering Changes

HM Treasury advises that the Money Laundering (Amendment) Regulations 2012 will come into force on 1 October 2012 – see Regulatory Roundup 31 concerning the consultation. The Money Laundering changes […] [...]

On Track: Retail Distribution Review

The FSA has published its latest guide on the Retail Distribution Review in response to calls for help from the industry (and incidentally which reports that firms believe that implementing […] [...]

Day: 27 September 2012

Client Money Failings

Incentives

Regulation of Indices

CASS Proposals

Remuneration Code – MiFID Version

Regulatory Reform

Supervision under the FCA

Money Laundering Changes

On Track: Retail Distribution Review

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