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Showing 9041 - 9050 of 9543 matches filtered by 'Funds and asset management'

  • FCA: PS14/1: Distribution of retail investments: referrals to discretionary investment managers and adviser complaints reporting

    31/01/2014
    Further to CP13/4, FCA has published this PS. The final rules prohibit new referral payments by a discretionary investment manager... to an adviser when the adviser recommends that a client places additional money with the same discretionary investment manager from whom they receive payments following a pre-RDR referral; prohibits referral payments where an adviser firm does not provide personal recommendations to particular clients, but provides other services to them and provides a minor amendment to the rules requiring complaints against individual advisers to be reported FCA (in order to match the policy intention that complaints concerning activities when acting as a retail investment adviser – such as advice on shares and derivatives as well as retail investment products – should also be included). The rules banning new referral payments come into force on 31 December 2014. FCA intends at present that the rules on complaints reporting should come into force in June 2014.
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  • FMLC: Review of the client assets regime for investment business (CP 13/5)

    29/01/2014
    FMLC has published the text of its response to FCA’s CP. Specific issues raised include: records based distribution; CASS, central... clearing and EMIR; client reporting and information; banking exemption; acknowledgement letters and identification of beneficiaries
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  • EU: Cooperation on financial services regulation

    27/01/2014
    This document sets out proposals with regard to the EU/US Transatlantic and Trading Partnership. The EU proposes to establish, within the... TTIP framework, a transparent, accountable and rule-based process which would commit the two parties to work together towards strengthening financial stability.
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  • FCA: Arch Cru

    27/01/2014
    This press release notes that compensation has begun to be paid by financial advisers to people who invested in Arch cru... as a result of unsuitable advice. Over £8.26m has so far been received by consumers. FCA calculates that total redress due under the scheme is calculated to be £31.47m.
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  • FRC: Audit quality thematic review into auditors’ identification of and response to fraud risks

    23/01/2014
    FRC has published this report, which includes identification of a number of areas in which the oversight of audit committees relating... to fraud risks and laws and regulations might be enhanced.
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  • European Commission: Consultation on investment and investor-state dispute settlement provisions in EU-US trade deal

    21/01/2014
    The European Commission and the US Government are currently negotiating the Transatlantic Trade and Investment Partnership (TTIP). This will include provisions... on investor protection and investor-to-state dispute settlement (ISDS) for EU-based companies investing in the US, and vice-versa. A draft text of these provisions will be published in early March, followed by a three-month public consultation.
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  • ABI: Comments on the FCA's finalised guidance on inducement

    17/01/2014
    The ABI has published its comments on yesterday’s FCA Final Guidance on inducements and conflicts of interests between financial advisers and... product providers. The Association is “surprised” about the new restrictions on payments for services such as providing information on customer behaviour, and warns that it “may raise practical and commercial challenges […] and could make it difficult to pay for services that ultimately benefit consumers”.
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  • FCA: FG14/1 - Supervising retail investment advice: inducements and conflicts of interest

    16/01/2014
    FCA has published Finalised Guidance for financial advisers and product providers on when payments made under service and distribution agreements might... create conflicts of interest. Payments should be “based on reasonable reimbursement for the costs incurred” by advisers and “should always enhance the quality of service provided to customers”. The responsibility for managing potential conflicts is to be shared between product providers and advisers.
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  • HMT: Financial Secretary's London Stock Exchange speech

    13/01/2014
    Sajid Javid, Financial Secretary to the Treasury, gave a speech on the occasion of the first Chinese ETFs being listed on... the London Stock Exchange. This will allow investors to access Chinese stock markets in Renminbi for the first time.
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  • FCA: UK AIFMs

    10/01/2014
    This webpage, which sets out authorisation details for full-scope and sub-threshold firms, has been updated to include some information on the... application process.
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