Adam Palmer, ACA Compliance

Less than 2 per cent of firms are fully prepared for SM&CR, says survey

Wed, 14/08/2019 - 13:49

A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December. »


SquareBook secures FCA approval

Fri, 26/07/2019 - 09:52

Following participation in the FCA’s Sandbox initiative in 2018/2019, SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’.  »

Kleinberg Kaplan becomes champion sponsor of Women in Funds

Tue, 23/07/2019 - 22:34

Boutique law firm Kleinberg Kaplan has become a champion-level sponsor of Women in Funds, a social community for female leaders in the private investment funds industry and select senior leaders at law firms, allocators, and industry consultants. »

Northern Trust

What's next for the SEC? The fund of funds rule

Wed, 10/07/2019 - 09:00

By Northern Trust – With Regulation Best Interest in the rearview mirror, the SEC is poised to finalise rules governing fund of fund arrangements. Following the adoption of the long-delayed final Regulation Best Interest in June, what’s next for the US Securities and Exchange Commission (SEC)? »

Duff & Phelps appoints interim managers of Northern Powerhouse Developments

Tue, 09/07/2019 - 13:53

Philip Duffy and Sarah Bell, both of Duff & Phelps, have been appointed Interim Managers of Northern Powerhouse Developments Limited effective Sunday 7 July 2019. »

Martin Lovick, ACA Compliance

Firms’ non-financial misconduct under FCA spotlight thanks to SM&CR

Mon, 08/07/2019 - 12:46

By Martin Lovick (pictured), Senior Principal Consultant, ACA Compliance Group – Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct, such as market abuse, for the UK Financial Conduct Authority (FCA). Firms and employees are at risk of regulatory sanctions – including, for individuals, the possibility of not being found to be “fit and proper” – for failure to fulfil the FCA’s evolving diversity and inclusion (D&I) expectations. »

Geoff Hutton, Luxoft

Investment banks ‘overconfident’ on SFTR compliance, says new research report from Luxoft

Mon, 10/06/2019 - 10:31

New research from Luxoft, a global technology services and consulting partner, has revealed that Tier one, Tier two and Tier three investment banks are overconfident about the EU’s new Securities Financing Transactions Regulation (SFTR), which comes into force next April.  »

Clara Smith, Intertrust

Two-thirds of alternative investment fund managers predict a rise in regulatory arbitrage between EU member states

Tue, 28/05/2019 - 11:03

Over two-thirds (67 per cent) of alternative investment fund managers believe the prospect of regulatory arbitrage between European Union member states seeking to attract business is likely to grow over the next two years, according to a new study. »

Mike Byrne, Jersey Finance

New EIF policy offers welcome clarity for Jersey’s funds industry, says Jersey Finance

Fri, 05/04/2019 - 10:39

The recent publication of a new policy from the European Investment Bank (EIB) Group provides some welcome clarity around Jersey’s ability to continue to support the objectives of the European Investment Fund (EIF), according to the head of Jersey Finance. »

Guernsey flag

European Investment Fund (EIF) able to invest into Guernsey again

Mon, 01/04/2019 - 13:04

Guernsey funds have been reopened to millions of euros of potential investment as a result of the confirmation from the European Council of Finance Ministers (ECOFIN) that the island is considered a transparent and cooperative jurisdiction by the European Union. »


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