ESMA renews CFD Restrictions
The European Securities and Markets Authority (ESMA) has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect since […]
Update and clarifications of the AIFMD Notifications
ESMA has added a new Q&A clarifying the application of the Alternative Investment Fund Managers Directive (“AIFMD”) notification requirements with regard to AIFMs managing umbrella Alternative Investment Funds (“AIFs”) on […]
FCA confirms final rules on pension transfer advice
The Financial Conduct Authority (“FCA”) has published feedback and final rules and guidance following its consultation on improving the quality of pension transfer advice. The FCA Policy Statement, (PS18/20) contains […]
Pakistan added to High Risk Jurisdictional List
On 22nd August, the European Commission (EC) published a delegated regulation it adopted in July, which amended the list of high-risk third countries set out in Delegated Regulation 2016/1675, which […]
SM&CR — Insurers Conversion Forms Open
Insurers can now access and submit the draft forms for converting Approved Persons Regime (APR) approvals to Senior Management Functions (SMFs). The deadline submitting forms is midnight on 2 December […]
FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets
The FCA is consulting on new rules and guidance to reduce the potential for harm to investors in funds that hold illiquid assets, particularly under stressed market conditions. These measures […]
Brexit — HM Treasury publishes draft Statutory Instrument — MiFID
The European Union (Withdrawal) Act 2018 (EUWA) repeals the European Communities Act 1972 on the day the UK leaves the EU and converts into UK domestic law the existing body […]
FCA consults on its approach ahead of UK’s exit from the EU
On 10th October 2018, the FCA published two consultation papers setting out is proposals in the event the UK leaves the EU on 29 March 2019 without an implementation period. […]