UCIS: FCA Actions

The FCA, like the FSA, continues to have an interest in the promotion of unregulated collective investment schemes (UCIS) – see e.g. FCA Risk Outlook 2013 covered in Regulatory Roundup 47. The latest to suffer the Regulator’s wrath are John Leslie and Jeffrey Bennett. In addition to each having a [...]

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New Restrictions on UCIS

Regular Readers of Regulatory Roundup will be aware of both the FSA’s continuing concerns on the promotion of unregulated collective investment schemes (UCIS) and its readiness to take relevant regulatory action against both firms and individuals where transgressions have occurred – see link to UCIS Enforcement Notices for further details. [...]

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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 a list of the most significant retail conduct risks (see Regulatory Roundup 39). Furthermore the Regulator is prepared to take [...]

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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 recognition of the ‘twin peaks’ approach, it was replaced by the Prudential Risk Outlook and the Retail Conduct Risk Outlook [...]

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