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Showing 1 - 10 of 42 matches filtered by 'Third countries'

  • Brexit news for financial services firms - from 3 August 2019 to 16 August 2019

    HoC: Brexit and financial services HoC has updated its Library briefing paper which considers equivalence and the potential impact of no-deal Brexit on the sector.
  • The New Individual Responsibility Regime - Extending it across the Financial Services Industry

    On 26 July 2017, the FCA published consultation paper CP17/25 on the extension of the Senior Managers and Certification Regime (see our earlier report, which summarises the key proposals here). Our brochure looks at each of the key elements of the new regime, assessing how they will apply to non-banking ...
  • Brexit one year on: financial services

    Since the Brexit referendum, the UK’s financial services sector has moved relatively quickly to close out the risks to its business and clients. In stark contrast there has been little, if any, progress (despite much debate) in clarifying what will happen to the EU legal structure in which UK financial ...
  • Border control: ESMA proposes extending the AIFMD passport (again)


    This report was originally published by Nabarro (20 July 2016).

    The report covers the advice published by the European Securities and Markets Authority (ESMA) on extending the AIFMD passport to non-EU managers.

  • The non-EU passport queue: marketing real asset funds in a post-Brexit EU


    This report was originally published by Nabarro (28 July 2016).

    This report looks at how Brexit may alter the balance that AIFMD has struck between increased compliance burdens on one hand, and smoother market access on the other.


  • Cross-border banking and investment structures post MiFID II and Brexit


    CMS held a pan-European seminar on 17 March on "Cross-border banking and investment structures post-MiFID II and Brexit".

    The seminar covered: 
    Overview (Ash Saluja, CMS UK)
    Local EU jurisdictions:
    Jérôme Sutour (CMS France)
    Andreas Feneis (CMS Germany)
    Darragh Murphy (McCann Fitzgerald, Ireland)
    Paolo Bonolis (CMS Italy)
    Perspective from a third country (Kaspar Landolt, CMS Switzerland)
    Looking ahead (Paul Edmondson, CMS UK)

    The seminar slides are available to view/download via the link in the title.

  • Helping financial institutions deal with Brexit - perspectives from London, Paris and Frankfurt

    We are pleased to offer the recording of our recent webinar 'Helping Financial Institutions deal with Brexit - perspectives from London, Paris and Frankfurt' delivered by Simon Morris (CMS UK), Jerome Sutour (CMS France), and Oliver Dreher (CMS Germany). To view or download the recording, please click here. The slides ...
  • Progress of MiFID II implementation in Germany – Changes to the German Securities Trading Act

    On 29 September 2016 the German Federal Ministry of Finance published the draft bill of the second legal act to amend financial markets regulation due to European regulation (Zweites Gesetz zur Novellierung von Finanzmarktvorschriften auf Grund europäischer Rechtsakte (Zweites Finanzmarktnovellierungsgesetz – 2. FiMaNoG)) with which the German legislator first and ...
  • Brexit update on financial services


    CMS, in partnership with the Legatum Institute, hosted a panel discussion - 'Brexit update on financial services'.

    The panel discussion covered:

    views and news from the continental centres (Frankfurt, Paris, and Luxembourg)

    lessons from the Swiss experience

    the work of the Legatum Institute and its Special Trade Commission

    debate about the likely outcome for FS sector

    The speakers were Shanker Singham (Director of Economic Policy and Prosperity Studies, Legatum Insitute), Paul Edmondson (CMS UK), Andreas Feneis (CMS Germany), Jerome Sutour (CMS France), Vivian Walry (CMS Luxembourg), and Kaspar Landolt (CMS Switzerland).

    To view or download the slides from the event, please click on the link in the title.

  • CMS Guide to Passporting: Rules on Marketing Alternative Investment Funds in Europe

    The EU Commission promoted passporting rights as one of the key benefits for hedge, private equity, real estate and other alternative investment fund managers authorised under the Alternative Investment Fund Managers Directive (“AIFMD”). However, we are now experiencing impediments to the passporting rights as certain domestic regulators are imposing ‘border ...