2018 - Complyport UK Consultancy Service

FCA Unhappy With The Current Standard Of Pension Transfer Advice

Pension Transfers in the Headlines Again… What is the issue? The FCA has issued the results of its recent work on the standards of pension transfer advice and has concluded […] [...]

Complyport Brexit Update

On 25 November 2018, the EU Council of Ministers met in Brussels and agreed to the draft UK Withdrawal Agreement. The draft Withdrawal Agreement must now be ratified by the […] [...]

ESMA Temporary Product Intervention Measures on the marketing, distribution or sale of CFDs

ESMA has updated its Q&As in this area and has included a new section relating to the prominence of risk warnings. Guidance given by ESMA states that “The risk warning […] [...]

FCA statement on the launch of the Cost Transparency Initiative

The Cost Transparency Initiative (“CTI”) was launched on 7 November 2018. The CTI is an independent group aiming to improve cost transparency for institutional investors with the responsibility for progressing […] [...]

Notice of ESMA’s Product Intervention Renewal Decision in Relation to CFDs

On 23 October 2018, the European Securities and Markets Authority (“ESMA”) adopted a Decision under Article 40 of Regulation (EU) No 600/2014 to restrict the marketing, distribution or sale of […] [...]

Brexit: The Temporary Permissions Regime

The Temporary Permissions Regime (“TPR”) will enable relevant firms and funds which passport into the UK to continue operating in the UK if the passporting regime comes to an end […] [...]

Maintaining Market Confidence – An Update on Brexit

Nausicca Delfas, Executive Director delivered a speech concerning the preparations being taken by the FCA prior to Brexit. Key points to note from the speech include: In line with the […] [...]

Amendment to Level 2 requirements on depsoitaries of AIFS and UCITS

Two new regulations have been published amending the current Level 2 requirements on depositaries of Alternative Investment Funds (“AIFs”) and Undertakings for Collective Investments in Transferable Securities (“UCITS”) schemes. The […] [...]

Senior Managers and Certification Regime – Proposed Guidance on Statements of Responsibilities for FCA firms

The Financial Conduct Authority (“FCA”) is extending the Senior Managers and Certification Regime (“SM&CR”) to all FSMA authorised firms on 9 December 2019. Under the new regime, all senior managers […] [...]

A Partnership of Experts! The European Institute of Management and Finance (EIMF) and Complyport Announce their Collaboration!

The European Institute of Management and Finance (EIMF) and Complyport join forces in professional education! The European Institute of Management and Finance (EIMF), a highly accredited European education provider specialising […] [...]

ESMA renews CFD Restrictions

The European Securities and Markets Authority (ESMA) has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect since […] [...]

Update and clarifications of the AIFMD Notifications

ESMA has added a new Q&A clarifying the application of the Alternative Investment Fund Managers Directive (“AIFMD”) notification requirements with regard to AIFMs managing umbrella Alternative Investment Funds (“AIFs”) on […] [...]

FCA confirms final rules on pension transfer advice

The Financial Conduct Authority (“FCA”) has published feedback and final rules and guidance following its consultation on improving the quality of pension transfer advice. The FCA Policy Statement, (PS18/20) contains […] [...]

Pakistan added to High Risk Jurisdictional List

On 22nd August, the European Commission (EC) published a delegated regulation it adopted in July, which amended the list of high-risk third countries set out in Delegated Regulation 2016/1675, which […] [...]

SM&CR — Insurers Conversion Forms Open

Insurers can now access and submit the draft forms for converting Approved Persons Regime (APR) approvals to Senior Management Functions (SMFs). The deadline submitting forms is midnight on 2 December […] [...]

FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets

The FCA is consulting on new rules and guidance to reduce the potential for harm to investors in funds that hold illiquid assets, particularly under stressed market conditions. These measures […] [...]

Brexit — HM Treasury publishes draft Statutory Instrument — MiFID

The European Union (Withdrawal) Act 2018 (EUWA) repeals the European Communities Act 1972 on the day the UK leaves the EU and converts into UK domestic law the existing body […] [...]

FCA consults on its approach ahead of UK’s exit from the EU

On 10th October 2018, the FCA published two consultation papers setting out is proposals in the event the UK leaves the EU on 29 March 2019 without an implementation period. […] [...]

Pension Scams – Regulators urge caution

The Financial Conduct Authority (“FCA”) and The Pensions Regulator (“TPR”) have launched a joint television campaign to raise awareness of pension scams (“ScamSmart”). The campaign aims to educate individuals on […] [...]

CP18/19: Introducing the Directory

With the release of Consultation Paper CP18/19 in July 2018, it was announced by the Financial Conduct Authority (“FCA”) that they intend to set up the ‘Directory’, a new public […] [...]

Year: 2018

FCA Unhappy With The Current Standard Of Pension Transfer Advice

Complyport Brexit Update

ESMA Temporary Product Intervention Measures on the marketing, distribution or sale of CFDs

FCA statement on the launch of the Cost Transparency Initiative

Notice of ESMA’s Product Intervention Renewal Decision in Relation to CFDs

Brexit: The Temporary Permissions Regime

Maintaining Market Confidence – An Update on Brexit

Amendment to Level 2 requirements on depsoitaries of AIFS and UCITS

Senior Managers and Certification Regime – Proposed Guidance on Statements of Responsibilities for FCA firms

A Partnership of Experts! The European Institute of Management and Finance (EIMF) and Complyport Announce their Collaboration!

ESMA renews CFD Restrictions

Update and clarifications of the AIFMD Notifications

FCA confirms final rules on pension transfer advice

Pakistan added to High Risk Jurisdictional List

SM&CR — Insurers Conversion Forms Open

FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets

Brexit — HM Treasury publishes draft Statutory Instrument — MiFID

FCA consults on its approach ahead of UK’s exit from the EU

Pension Scams – Regulators urge caution

CP18/19: Introducing the Directory

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