Restrictions on UCIS and ‘Close Substitutes’
Wide ranging changes to COBS 4.12 from 1 January 2014
UK Investment Management Strategy
HMT highlights challenges and opportunities for the UK fund management industry and sets out steps to be taken to reverse the UK’s declining share of fund domicile
Status Disclosure
FCA qualifies transitional provisions
FCA (and PRA) Fees 2013/14
Combined Annual Funding Requirement represents increase of 24% on previous year
FCA Policy Development
FCA release useful timetable of forthcoming publications
Out With The Old…
Further information provided ahead of cut-over to FCA on 1 April
Status Disclosure
New status disclosure requirements for FCA cut-over
FCA Business Plan
Reiterates more ‘proactive’ approach and highlights areas of interest such as conflicts and corporate access
FCA Risk Outlook
Priority risks include design of certain products and services, lack of oversight of distribution channels and poor understanding of risk and return
FSA: Client Assets Unit
Speech by the Head of Client Assets Unit confirms compliance with CASS is a regulatory priority and that the Unit will visit more firms