FSR and Corporate Crime Notes
Tag: fsa rules
Showing 12 out of 13 results
Temporary Product Intervention Rules: inadequate safeguards
The FSA is consulting (as it is required to do under the Act) on the new power given to the FCA under the Financial Services Act 2012 to issue temporary …
Suitability and systems: UK FSA fines wealth management firm as further thematic review work continues
Following on from its initial thematic work on wealth management firms, the FSA has fined Savoy Investment Management Limited (Savoy) £412,000 for …
Dear CEO: please confirm your asset management firm has identified and mitigated the risk of conflicts of interest between it and its customers
Conflicts of interest between asset managers and their customers: Identifying and mitigating the risks is a 'Dear CEO' publication in which the FSA …
FSA prioritises effective corporate governance in insurers
Effective corporate governance within insurers, including in particular those operating with-profits businesses, has been a high priority for the FSA for …
Product intervention – what should the future hold?
The Herbert Smith financial services team recently hosted a roundtable discussion with high profile members of the financial services industry and a key …
FSA fines bank and its former MLRO for failure to comply with anti-money laundering requirements
In May 2012 the FSA issued Final Notices fining Habib Bank AG Zurich ("Habib") £525,000 for failure to take reasonable care to establish and maintain …
Listing Rules – FSA fines company for breach of related party transaction rules
The FSA has fined Exillon Energy, a premium-listed Isle of Man company, £292,950 for breaching the rules on related party transactions in LR 11 of the …
MiFID II: a greater step away from the RDR?
Key recommendations by the Rapporteur on the investor protection elements of the proposed MiFID II Directive, contain some potentially significant …
The Lehman client money judgment: Supreme Court upholds Court of Appeal decision
The Supreme Court handed down its judgment yesterday in relation to the client money application relating to Lehman Brothers International (Europe) …
FSA limits requirement for one month's notice of capital issues
New rules requiring insurers, banks and other BIPRU firms to tell the FSA about proposed issues of shares or other capital instruments demonstrate the …
Consultation on the review of the Markets in Financial Instruments Directive: Investment advice and the FSA's Retail Distribution Review
The European Commission published its consultation (the "Consultation") on the review of the Markets in Financial Instruments Directive ("MiFID") in …
European reforms to regulation of packaged retail investment products
The European Commission has recently published its long-awaited proposals on the regulation of Packaged Retail Investment Products (PRIPs). The aim …
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