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AML Review

HM Treasury has announced a review of the Money Laundering Regulations 2007 which implemented the EU’s Third Money Laundering Directive in the UK. The intention is to consider how effective […] [...]

Online Notifications and applications (‘ONA’)

A reminder that changes in the way that applications and notifications are submitted to the FSA are proposed. The new reporting system – Online Notifications and Applications (‘ONA’) – will […] [...]

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 […] [...]

FSA and fraud

And for good measure the FSA has fined Seymour Pierce £154,000 for poor controls to guard against employee fraud. The facts of the case made incredible reading; an employee managed […] [...]

UK rules OK

A survey by the World Economic Forum shows that the UK is now the top financial centre out of 55 of the world’s largest financially-focussed countries. The previous holder was […] [...]

This week the FSA published PS09/16 (‘Strengthening liquidity standards’) which, for the immediate future, should be the final word on liquidity following three Consultation Papers. The liquidity requirements are contained […] [...]

Expanding Shorts

As you will know, there is an obligation on firms to disclose short positions of 0.25% or more in securities in (a) a rights issue period or (b) any security […] [...]

Turner Review

Back in March the FSA published The Turner Review and ‘A regulatory response to the global banking crisis’ (DP09/2). They arose from a request from the Chancellor of the Exchequer […] [...]

Global Economy

Some cheering news from the IMF. Its latest World Economic Outlook reports that global economic growth has turned positive, although recovery will be slow. Latest IMF projections show that world […] [...]

UCITS

Not that long ago one would not have expected to see ‘Hedge fund managers’ and ‘UCITS’ appearing in the same sentence. However things have been changing, no doubt in part […] [...]

Compliance Seminars

The UCITS presentation referred to above was one of a series of seminars being held at our 4 Cavendish Square address. Future topics include US Regulatory Development; Financial Crime; and […] [...]

Market abuse

As we all know, the FSA been stepping up the pressure on market abuse as part of its ‘credible deterrence’ strategy and will happily take enforcement action against firms and […] [...]

FSA Asset Management Conference

Unlike past years when different topics relating to asset management were discussed, this year’s conference was devoted to the proposed EU Directive on hedge funds. As a result the five […] [...]

Hedge Funds & the Germans

Following on from the previous (FSA Asset Management Conference) article, it was noted there was no German representation at the FSA Asset Management Conference (Germany and France have been seen […] [...]

SEC & FSA

From the article on the Asset Management Conference it will be seen that one way non EU domiciled funds could be marketed under any AIFM Directive would be where the […] [...]

Financial Crime

The latest edition of the FSA’s Financial Crime Newsletter is published reminding us about what could be ominous news for those that can read between the lines. You will be […] [...]

IMF and Jersey

The IMF has rated standards of regulation and supervision in Jersey above UK. The IMF’s Financial System Stability Assessment update places Jersey in the ‘top division’ of international financial centres […] [...]

Insider dealing

A finance director and two lawyers are the latest to be pursued for insider dealing (in respect of Neutec Pharma). All three have been committed to stand trial at Southwark […] [...]

AML & JMLSG

Following the overhaul of Part I of the guidance the Joint Money Laundering Steering Group (JMLSG) have released a revised Part II, which is the section that offers firm specific […] [...]

Approved persons

As you’ll know, one of the outputs of PS09/14 was that the scope and application of CF1 (director function) and CF2 (non-executive director function) was extended to capture individuals such […] [...]

AML Review

Online Notifications and applications (‘ONA’)

FSA and AML

FSA and fraud

UK rules OK

Liquidity Standards

Expanding Shorts

Turner Review

Global Economy

UCITS

Compliance Seminars

Market abuse

FSA Asset Management Conference

Hedge Funds & the Germans

SEC & FSA

Financial Crime

IMF and Jersey

Insider dealing

AML & JMLSG

Approved persons

INSIGHTS & EXPERTISE

NEWS & EVENTS

Women in Compliance: Navigating Challenges & Embracing Opportunities

Webinar: The FCA’s Greenwashing Regulations are Now in Effect – What Does this Mean?

Online Training Course: Your MLRO Training Day

In-Person Training Course: Your MLRO Training Day

Webinar: Is Your AML Compliance Robust Enough?

Webinar: Consumer Duty – The Aftermath

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