UK Regulation - Complyport - Your Trusted Partner in Governance, Risk, Compliance & Technology

Welcome to our Global site – choose your Jurisdiction

Fine start to the year (1)

Thanks to Standard Life, the FSA has made a good start to the year with fines totalling £2.5m in the month of January. The penalty was in respect of failures […] [...]

Fine start to the year (2)

On the subject of fines, February started with the FSA releasing details of Simon Treacher mis-marking fund assets whilst a fund manager at BlueRay Asset Management Ltd. Mr Treacher was […] [...]

A Fine Record

Thanks to late contributions from Toronto Dominion Bank (£7m) and UBS AG (£8m), 2009 was a record year for FSA penalties – £34.9m vs. £22.7m for 2008. The link below […] [...]

Closed for business

An unusual Final Notice appeared on the FSA website in respect of NFS Yorkshire Ltd. The firm has had its Part IV permission cancelled by the FSA for failing to […] [...]

Freeze to continue for twelve months

Something to cheer us up in the present cold conditions: the FSA has decided to freeze the salaries of its staff (although some money may be available for pay anomalies). […] [...]

FSA Fee Changes

The FSA has published a Consultation Paper (‘Regulatory fees and levies: policy proposals for 2010/11’ – CP09/26) which includes proposals to change the way that the FSA calculates the fees […] [...]

Private Equity & Conflicts of Interest

IOSCO – the International Organization of Securities Commissions – has published a consultation paper on ‘Private Equity Conflicts of Interest’. The working group was chaired by Dan Waters, the FSA’s […] [...]

Sukuk and see

HM Treasury and FSA have issued a joint document on ‘alternative finance investment bonds’ (‘AFIBs’). These are a subset of the sukuk market, which in turn are financial instruments that […] [...]

Fine time

UBS (AG) has been fined £8m for failures in systems and controls that enabled four employees to carry out unauthorised transactions involving customer money ‘on at least 39 accounts’. As […] [...]

Approved persons & significant influence functions (SIFs)

The FSA has sent a ‘Dear CEO’ letter to 5,000 regulated firms to reinforce how the FSA’s intensive regulatory approach (‘more intrusive approach’ is used in the letter) applies to […] [...]

Unregulated Collective Investment Schemes

The FSA is currently looking at the promotion and advice process in respect of unregulated collective investment schemes and is sending out letters (which will refer to an on-line questionnaire) […] [...]

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 […] [...]

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 […] [...]

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 […] [...]

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 […] [...]

Category: UK Regulation

Fine start to the year (1)

Fine start to the year (2)

A Fine Record

Closed for business

Freeze to continue for twelve months

FSA Fee Changes

Private Equity & Conflicts of Interest

Sukuk and see

Fine time

Approved persons & significant influence functions (SIFs)

Unregulated Collective Investment Schemes

FSA and fraud

Compliance Seminars

FSA Asset Management Conference

Hedge Funds & the Germans

Approved persons

INSIGHTS & EXPERTISE

NEWS & EVENTS

Webinar: Consumer Duty Board Reports – Year Two

Online Training Course: Your MLRO Training Day

Webinar: Navigating the IFPR Impact: Good and Poor Practices Observed

In-Person Training Course: Your MLRO Training Day

In-Person Training Course: Your MLRO Training Day

Fireside Chat: Operational Resilience – Have You Prepared?

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