Important new FCA rules on marketing investments

This article contains important information on proposed new rules and guidelines that are proposed to be made by the Financial Conduct Authority (“FCA”) and HM Treasury (“HMT”). These new rules and guidelines are still open to consultation but, if adopted in their current form, may mean significant changes to: the types of investors that are…

2021: The FCA laying the foundations to tackle consumer harm

Reducing consumer harm has been a key regulatory focus for the FCA over 2021, and the final hallows of the year provide a good opportunity to reflect on the plans, proposals and policies seen from the FCA during this period. Consumer harm is not a novel concept, nor are efforts to mitigate harm; but nonetheless…

Governance rules for Irish fund management companies

‘CP86’ as the Fund Management Company Guidance has continued to be referred to as, is now back at the forefront of Irish Fund industry. Following its implementation in July 2018, the Central Bank of Ireland carried out several desktop and on-site reviews of the industry’s approach and implementation of the regime, the results of which…

Marketing a non-EEA domiciled fund to professional investors

Most of our readers will be aware that, from 1 January 2021, non-EEA domiciled fund structures do not benefit from any EU Marketing Passport under the Alternative Investment Fund Managers Directive (“AIFMD”). How are firms responding to this? We are seeing a jurisdiction-by-jurisdiction approach being adopted by most of our clients, who are looking to…

SFDR – the new ESG regulation in the European Union

Over recent years the EU made a significant political decision to establish a package of Environmental, Social and Governance (“ESG”) initiatives and legislation to move Europe toward several Sustainability goals. Within the package of initiatives is the sustainability related disclosure in the financial services sector Regulation (“SFDR”). This requires financial actors to consider two main…

Regulatory capital – Top 10 tips

In this piece we discuss the FCA’s focus for the year ahead and what FCA authorised firms should be thinking about in regard to the impact of COVID-19 on their regulatory capital position. We hosted a webinar on regulatory capital – COVID-19 – How may it impact your regulatory capital position – Thursday, 30 Apr…

FCA on COVID-19 and LIBOR

Yes, that is right, in this article we are covering two completely unrelated topics which are (a) the beginning of the Coronavirus outbreak and (b) the end of the London Inter-Bank Offered Rate – LIBOR. The only connection is that in the last month the FCA issued statements on both. Yes, that is right, in…

Why are you still trading in-house?

We think now is a good time to evaluate whether an internal dealing desk is a good use of resources or if focus would be better placed on core business activities. Why should you reevaluate?  Regulatory, market and financial pressures continue to erode traditional asset management industry margins. These pressures have promoted many to consider…

Will the Roaring Twenties return? What’s new in money laundering regulations?

The Roaring Twenties The 1920s were known as the “Roaring Twenties” and it was a decade of two halves, starting with relative prosperity, following the First World War but progressing to rising unemployment, precipitating the Great Depression of the 1930s. Will the 2020s mirror the 1920s – a Brexit boom followed by rising inflation and…

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