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Showing 1 - 10 of 1621 matches filtered by 'report item'

  • FinSA and FinIA enter into effect on 1 January 2020 - But a lot of provisions do not apply immediately

    09/12/2019
    On 6 November 2019, the Swiss Federal Council decided that the Swiss Financial Services Act and the Swiss Financial Institutions Act will enter into effect on 1 January 2020. The implementing provisions of these acts are contained in the recently published final versions of the Financial Services Ordinance, the Financial Institutions Ordinance and the Supervisory Organisation Ordinance. However, as...
  • Central Securities Depositories Regulation: 10 things you need to know

    03/12/2019
    In an article originally published in the Compliance and Risk Journal, Sam Robinson, Susann Altkemper and Yasmin Johal explain ten important issues relating to the Central Securities Depositories Regulation. ("CSDR"). 
  • Brexit news report for financial services firms - from 16 November 2019 to 29 November 2019

    02/12/2019
    1.       FCA: Response to key comments from the independent panels' annual reports for 2018-19 FCA has published its response to key comments from the annual reports of FSCP, FCA PP, FCA SBPP and FCA MPP. Specific areas covered include: Brexit; FCA’s priorities; operational and cyber resilience; crypto assets; Mortgage Markets Study; duty of care; fair pricing; consumer credit; Retirement Outcomes...
  • FCA bans marketing of speculative mini-bonds to retail investors

    26/11/2019
    Today the FCA introduced temporary rules banning the marketing of speculative mini-bonds to retail investors. The rules will apply from 1 January 2020 for a period of 12 months, expiring on 31 December 2020.
  • Brexit update for financial services firms from 2 November 2019 to 15 November 2019

    18/11/2019
    Brexit: Doing Insurance business in France post exit day On 31 October 2019 EIOPA published Member State responses to its February 2019 ‘Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union’. ACPR, the French regulator has indicated that it does not intend to comply with these recommendations. For full details see our RegZone report here.
  • Responsible Investment- the IA's Framework for a Common Language

    18/11/2019
    On 18 November 2019, the Investment Association released its Responsible Investment Framework Final Report the “Report”). The Report follows the IA’s consultation at the beginning of this year, which sought industry views on: a proposed framework to categorise and define common Responsible Investment approaches (the “Framework”); a UK retail product label for funds which use Responsible...
  • Brexit: Doing Insurance business in France post exit day

    14/11/2019
    On 31 October 2019 EIOPA published Member State responses to its February 2019 ‘Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union’. 
  • CMS Guide to Passporting: Rules on Marketing Alternative Investment Funds in Europe

    13/11/2019

    We are pleased to issue our updated 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 controls’, and fund managers need to pay fees and comply with various other requirements in order to market their funds cross-border.

    The diversity of the domestic rules makes it challenging for AIFMD authorised managers to assess the costs and various other requirements for penetrating the EU market. This guide provides a road map, which will hopefully assist managers in understanding the costs and other requirements under AIFMD, other EU directives and domestic regulations.

    To view and interactive version of the Guide click here or to download a copy of our Guide, please click here.

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  • CMS Guide to Passporting : Rules on Marketing Undertakings for Collective Investment in Transferable Securities in Europe

    13/11/2019

    We are pleased to issue our updated Guide to Passporting: Rules on Marketing Undertakings for Collective Investment in Transferable Securities in Europe.

    The UCITS Directive was established to harmonise retail collective investment schemes in the EU through the introduction of a common investment vehicle known as a “UCITS”. One of the key benefits of the UCITS Directive is that UCITS can be established and regulated in one EU member state and offered in others without the need for further authorisation by virtue of passporting rights under the UCITS Directive.

    The purpose of this guide is to assist UCITS managers to understand the process and regulatory costs involved in exercising such passporting rights throughout Europe. To view and interactive version of the guide click here, to download our guide, please click here. 

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  • CMS Guide to Private Placement of Funds : Accessing European Investors post-AIFMD

    13/11/2019

    We are pleased to issue our updated Guide to Private Placement of Funds: Accessing European Investors post-AIFMD.

    When implementing the Alternative Investment Fund Managers Directive (“AIFMD”), some EU States have tightened or severely restricted their private placement regimes, which is important when non-EU managers and funds look to access EU investors.

    Our Guide briefly summarises the latest developments in relation to the private placement regimes of EU States, as well as covering certain non-EU States. To view an interactive version of the Guide click here. Please click here to download the Guide.

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