First published on Thomson Reuters Regulatory Intelligence on 15 July 2019. This third article of a series on cryptoassets focuses on personal account dealing (PAD) policies and procedures. This topic is important not only for firms themselves but also for individual staff who have entered into or are considering entering into cryptoasset transactions on their … Read more
The SFC has recently published its Statement on the conduct and duties of directors when considering corporate acquisitions or disposals. The statement: outlines the recurring types of misconduct relating to corporate acquisitions and disposals which the SFC observed over the past two or so years, since it adopted a front-loaded regulatory approach; reminds listed company … Read more
In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation for August 2019. Read more
As financial institutions in Australia face into the culture and conduct storm that has engulfed the UK for the past decade, UK firms can be confident that they have already largely negotiated the regulatory waves which have followed the Banking Royal Commission in Australia. However, culture and customer treatment are themes that continue to be … Read more
The Financial Stability Board (FSB) released on 23 November 2018 its recommendations on the types of data regulators should be collecting from financial institutions (FIs) regarding compensation tools, as part of its workplan to address misconduct risk in FIs. This data is intended to help regulators monitor the effectiveness of FIs’ compensation structures in addressing … Read more
The Financial Advice Market Review (FAMR) has today published its report and recommendations. FAMR was launched in August 2015 to explore what steps the Government, industry and regulators might individually and collectively take to stimulate the development of a market which delivers affordable and accessible financial advice and guidance to everyone, at all stages of … Read more
A new Code of Market Conduct, which has identical standing to formal Guidance contained within the Dubai Financial Services Authority (“DFSA”) Rulebook, came into force on 1 January 2015. Read more
On 21 April 2014, the Government published its response to the Department for Business, Innovation and Skills (BIS)’s July 2013 discussion paper “Transparency and Trust discussion paper”. The response proposes a number of key changes (summarised below), many of which will require primary legislation, and are thus dependent on the availability of parliamentary time. Meanwhile, … Read more
