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Ex-fund manager fined for attempts to influence share prices
A former fund manager has been penalised £32,200 for behaviour intended to suppress prices in an initial public offering and a placing.Paul Stephany, who worked for Newton Investment Management, submitted orders as part of book builds for shares..
Online Published Date:
05 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
The data-driven future of regulation
Digital Regulatory Reporting is poised to effect revolutionary change to the process of regulation as well as the compliance role in coming years, reports Neasa MacErlean.
Online Published Date:
05 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
CFDs revisited – already!
Late last year the Financial Conduct Authority revisited the temporary measures against binary options and contracts for difference, in order permanently to ban sales of the former to retail investors as well as impose restrictions on sales of CFDs. But who is the target market for these products anyway? asks Adam Samuel.
Online Published Date:
05 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
Closet tracker funds targeted as FCA issues final asset management rules
By Neasa MacErlean
Online Published Date:
15 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
Market study of wholesale insurance brokers finds limited cause for concern
By Neasa MacErlean
Online Published Date:
20 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
MiFID firms given drill for no-deal Brexit through switch to UK reporting regime
By Neasa MacErlean
Online Published Date:
21 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
Asset management firms fined, in first use of FCA competition powers
Inits initial use of competition powers that it has held since 1 April 2015, the
FCA has issued a decision that three asset management firms have breached
competition laws. Accordingly, Hargreave Hale has been penalised £306,300, and
River and..
Online Published Date:
21 February 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
Asset managers and intermediaries told to review cost disclosures
By Neasa MacErlean
Online Published Date:
01 March 2019
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Vol 31 No 06 - 01 March 2019
FCA ready to publish final ‘no deal’ rules if Brexit discussions stall
By Neasa MacErlean
Online Published Date:
01 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
FCA clarifies cryptoasset regulation
Compared with some other regulators globally, the Financial Conduct Authority has been ‘hands off’ in its approach to the fast-growing and often controversial crypto industry. Draft guidance, which sets out a three-category classification approach, provides clarification – but there will likely be grey areas in practice, comment Ian Mason and Sushil Kuner.
Online Published Date:
06 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
At the Brexit cliff-edge
The United Kingdom is due to leave the European Union this month, but the political ructions over the terms on which it will do so are going down to the wire. Michael McKee and Marina Troullinou discuss the regulatory implications of Brexit for the financial services community, both in the immediate and longer-term.
Online Published Date:
06 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
MiFID II unbundling – what price, research?
FCA CEO Andrew Bailey has declared that MiFID II unbundling of research costs from trading services is having a “positive impact” – but he admitted there were “winners and losers” from the reforms, reports Esther Martin.
Online Published Date:
06 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
US ‘tuna bond’ bribery charges beg questions about UK response
The recent arrests of three ex-Credit Suissebankers charged with United States bribery offences represent another instanceof the three lines of defence model failing to operate as it should. Whataction will the relevant UK criminal and regulatory authoritiestake? asks Denis O’Connor.
Online Published Date:
06 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
Market abuse: prevention is better than detection
Julia Hoggett, the Financial Conduct Authority’sdirector of market oversight, recently gave a speech on implementation of theMarket Abuse Regulation in the United Kingdom. Alexios Bostantzoglou unpacks the regulator’s key concerns.
Online Published Date:
08 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
FCA’s ‘Sector Views’ herald focus of Business Plan
The Financial Conduct Authority has published its Sector Views, highlighting the information it uses to assess how specific financial sectors and the financial system as a whole are working. It draws on this analysis when formulating its Business Plan for the coming year. In 2019, it has decided to share the views in advance of publishing the Business Plan. Emma Radmore examines the key messages.
Online Published Date:
11 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
Compliance hires dip, but Brexit effect is still unclear
2018 saw a challenging and unpredictablecompliance recruitment market in London, along with a greater focus on EUjurisdictions. By Caleb Hawkins and Harry Rogers.
Online Published Date:
11 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019
The regulator’s review of high-cost credit
The Financial Conduct Authority was almosthyperactive in 2018 trying to sort out the myriad problems left behind in theconsumer credit sector by the Office of Fair Trading and by its own hands-offapproach to banking conduct of business in the previous decade. Its work hasincluded belated guidance on how lenders of all types should assess thecustomer’s ability to afford credit, reports Adam Samuel.
Online Published Date:
12 March 2019
Appeared in issue:
Vol 31 No 06 - 01 March 2019