CFD Sector: FCA ‘Dear CEO’ Letter and ESMA Press Release and Call for Evidence
Firms to review their arrangements as result of failings.
MIFID II: One month in
Views post implementation
FCA proposing to automatically convert individuals from the Approved Persons Regime to the Senior Managers and Certification Regime
The FCA is proposing to automatically convert individuals from the Approved Persons Regime to the Senior Managers and Certification Regime; the majority of firms will not need to submit applications to convert Approved Persons to Senior Managers.
Firms may provide projections to retail investors in addition to PRIIPs KIDs
Firms will have the option, but not the obligation, to continue to provide projections to retail investors outside of the Packaged Retail and Insurance-based Investment Products (PRIIPs) standardised key information document (KID), providing they are produced in line with COBS rules
New Collective Investment Schemes legislation in the Isle of Man
Isle of Man Legislation widens to meet IOSCO principles
European legislation standard for Data Protection – GDPR
Deadline for compliance with GDPR fast approaching
Derivatives Trading Platforms
CFTC agrees common approach on derivatives trading platforms
MiFID II Position Limits
ESMA publishes opinions agreeing position limits proposed by the FCA
New Corporate Criminal Offence: ‘failure to prevent the criminal facilitation of tax evasion’
The Criminal Finances Act 2017 introduces new corporate criminal offences
Draft Guidelines for Non-Significant Benchmarks
ESMA proposes guidelines for non-significant benchmarks