Regulatory News - Complyport - Your Trusted Partner in Governance, Risk, Compliance & Technology

Regulatory Fees and Levies for 2012/13

The Complyport Regulatory Alert of 3 February contained details of the FSA’s proposals on fees and levies for 2012/13. The alert advised that the final fees and levies would not […] [...]

UCIS Marketing Woes

Regular readers of the FSA’s website will be aware of its continuing interest in unregulated collective investment schemes (UCIS) e.g. they feature in the FSA’s Conduct Risk Outlook 2012 in […] [...]

Prospectus & Transparency Update

Regulatory Roundup 37 included details of the joint HM Treasury and FSA Consultation Paper (CP11/28) concerning the changes that need to be brought about to the Prospectus (PR) and Transparency […] [...]

Money Laundering Failings

Following the FSA action taken against Coutts & Company in March for money laundering failings, the FSA has fined a further firm for such issues. Habib Bank AG Zurich (Habib), […] [...]

Cookies

Although not an FSA regulatory matter, this is a reminder to firms that operate websites that ‘new’, EU based, legislation has started to bite since the end of May – […] [...]

Exchange Traded Products

Amongst the 15 broad risk categories set out in the FSA’s ‘Conduct Risk Outlook 2012’ (see Regulatory Roundup 39 for a link to this document) are Exchange Traded Products (ETPs), […] [...]

Corporate Governance: Hector Sants

Hector Sants, in his last speech as CEO of the FSA, focussed on the importance of corporate governance. Firms – and particularly those that have been subject to an ARROW […] [...]

Corporate Governance: Mitsui

Only a matter of days after Hector Sants’ speech on corporate governance (see previous article) the FSA published Final Notices relating to corporate governance failings by Mitsui Sumitomo Insurance Company […] [...]

Training and Competence

The publication CP12/8 ‘Changes to the Training and Competence Sourcebook’ proposes to add three qualifications to the ‘appropriate qualifications tables’ in the Training and Competence (TC) sourcebook as well as […] [...]

Cold-Shouldering

Around this time last year the FSA sent out a ‘Dear Compliance Officer’ letter concerning the ‘cold-shouldering’ imposed on three individuals by the Panel on Takeovers and Mergers (see Regulatory […] [...]

Recovery and Resolution Plans Update

Regulatory Roundup 34 contained details of the FSA proposals for ‘recovery and resolution plans’ (RRP) (CP11/16). All firms subject to CASS 6 and/or CASS 7 (client assets/client money) are required […] [...]

Currie Conflicts

A Final Notice reveals that the FSA has fined Martin Currie Investment Management Ltd (MCIML) and Martin Currie Inc (MCI – together Martin Currie) for failing to properly manage a […] [...]

Transaction Reporting

As mentioned in Regulatory Roundup 36, the FSA released a (consultative) update of the Transaction Reporting User Pack (TRUP). The Regulator has now issued the finalised guidance (TRUP 3). The […] [...]

Non-Executive Directors

As will be known, the FSA has always attached importance to sound corporate governance within authorised firms and has looked to Non-Executive Directors (NEDs) to provide a necessary degree of […] [...]

New Legal Forms of Authorised CIS

Currently the only authorised funds are authorised unit trusts (AUT) or ICVCs (which are OEICs that are authorised). The proposal is to create a new fund vehicle termed an ‘authorised […] [...]

CASS Resolution Pack

Last August the FSA published a consultation paper (CP11/16) on the proposal for firms that hold client money and/or client assets to produce a CASS resolution pack (CRP) – see […] [...]

FSCS Changes

Changes to the Compensation rules are set out in CP12/7 (‘Financial Services Compensation Scheme: changes to the Compensation sourcebook’).The proposals are to enable the FSCS to handle claims in a […] [...]

Conduct Risk Outlook 2012

The FSA’s Conduct Risk Outlook for 2012 was published in March. It may be recalled that the Regulator used to issue an annual Financial Risk Outlook until 2011 when, in […] [...]

FSA Business Plan 2012/13

The FSA Business Plan, which closely followed the publication of the FSA Risk Outlook (see separate article in this Regulatory Roundup), advises that the FSA’s supervision function moved to a […] [...]

Financial Crime

Regulatory Roundup 37 contained an article on the publication of FSA guidance on financial crime (which can also be accessed via ‘The Full Handbook’ page on the FSA website under […] [...]

Category: Regulatory News

INSIGHTS & EXPERTISE

NEWS & EVENTS

Subscribe for Exclusive Regulatory News and Updates

Member of:

Accredited by:

Member of:

Accredited by:

Global Offices

Complyport UK – Headquarters, London Office

Complyport EU – Nicosia Office

Complyport EU – Limassol Office

Complyport UAE – Dubai Office

Complyport India – Mumbai Office

Complyport Mauritius – Port Louis Office