CRD IV: Country by Country Reporting
HM Treasury publishes country-by-country disclosure requirements under CRD IV
CRD III or CRD IV?
Firms to determine which regime will apply
COREP Reporting
Further detail on how IFPRU firms will have to report
Impact of CRD IV on Investment Firms
Changes will include a new prudential sourcebook IFPRU
Remuneration Code – MiFID Version
Distinct from the CRD and AIFMD driven Remuneration Codes, ESMA intends all three to be seem as “complementary rather than conflicting”
CRD IV
Implementation back on track following adoption by the European Parliament; FCA planning on the basis of January 2014 implementation
Client Money Failings
BlackRock Investment Management (UK) Ltd fined more than £9.5m for failures relating to trust status letters
Incentives
New consultative guidance follows FSA review of 22 firms of which 20 had incentive schemes which increased the risk of mis-selling
CASS Proposals
Further changes to CASS regime proposed including changes required by EMIR
Remuneration Code: Changes to Guidance
Revised approach means firms will be divided into 3 proportionality tiers instead of 4